Gold had a near-perfect macro backdrop to extend higher last week, with Dollar weakness intensifying ahead of the Islamabad talks between the US and Iran. Yet, the rally has struggled to gain traction toward the Read more…
Bank of Japan Governor Kazuo Ueda struck a cautious tone, warning that rising crude oil prices and instability in global financial markets could pose fresh risks to Japan’s outlook. Speaking via remarks delivered by Deputy Read more…
USD/JPY rose to 159.73 on Monday. The Japanese yen has fallen for a third consecutive day due to a fresh surge in oil prices following the failure of the United States and Iran to reach Read more…
WTI oil price jumped on Monday, expressing strong concerns of market participants after peace talks between the US and Iran over the weekend failed. Opening with a gap higher and above psychological $100 level, with Read more…
Daily Pivots: (S1) 213.75; (P) 214.17; (R1) 214.85; More… Intraday bias in GBP/JPY remains on the upside for retesting 214.98 high. Firm break there will confirm larger up trend resumption, and target 61.8% projection of Read more…
Daily Pivots: (S1) 186.16; (P) 186.53; (R1) 187.13; More… Intraday bias in EUR/JPY remains on the upside for the moment. Long term up trend is resuming and should target 161.8% projection of 180.78 to 184.75 Read more…
Daily Pivots: (S1) 0.8701; (P) 0.8711; (R1) 0.8720; More… Intraday bias in EUR/GBP remains neutral and more consolidations could be seen below 0.8740. Further rise is mildly in favor as long as 0.8675 support holds. Read more…
Daily Pivots: (S1) 1.6528; (P) 1.6572; (R1) 1.6640; More… Intraday bias in EUR/AUD remains neutral for the moment. As noted before, rebound from 1.6125 could have completed at 1.6842, after rejection by 55 D EMA Read more…
Daily Pivots: (S1) 0.9226; (P) 0.9243; (R1) 0.9268; More…. Intraday bias in EUR/CHF remains neutral and consolidations from 0.9264 could extend. Further rise is expected with 0.9155 support intact. Firm break of 0.9264 will resume Read more…
GBP/USD started a downside correction from 1.3480. USD/CAD is gaining bullish momentum and might clear 1.3880 for more upside. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound rallied toward 1.3500 before the Read more…