Daily Pivots: (S1) 0.9051; (P) 0.9064; (R1) 0.9080; More…. Intraday bias in EUR/CHF remains neutral for the moment, and outlook is unchanged. Price actions from 0.9026 short term bottom are viewed as a consolidations pattern Read more…
Daily Pivots: (S1) 1.3622; (P) 1.3670; (R1) 1.3724; More… Outlook is unchanged for USD/CAD and intraday bias stays neutral at this point. Strong resistance is still expected from 55 D EMA (now at 1.3717) to Read more…
Daily Pivots: (S1) 0.6957; (P) 0.7024; (R1) 0.7074; More… Range trading continues in AUD/USD and intraday bias remains neutral for the moment. Further rally is still in favor with 0.6896 support intact. On the upside, Read more…
Daily Pivots: (S1) 1.1564; (P) 1.1605; (R1) 1.1652; More…. Intraday bias in EUR/USD remains neutral as consolidations continue above 1.1529 temporary low. On the downside, below 1.1529 will resume the fall from 1.2081. Sustained break Read more…
Daily Pivots: (S1) 1.3308; (P) 1.3347; (R1) 1.3397; More… Intraday bias in GBP/USD remains neutral and more consolidations could be seen above 1.3252 temporary low. Fall from 1.3867 should at least be correcting the rise Read more…
Daily Pivots: (S1) 156.73; (P) 157.29; (R1) 158.12; More… USD/JPY is staying in range below 157.96 temporary top and intraday bias remains neutral a this point. On the upside, above 157.96 will extend the rebound Read more…
Daily Pivots: (S1) 0.7781; (P) 0.7810; (R1) 0.7838; More…. Intraday bias in USD/CHF remains neutral and more consolidations could be seen below 0.7877 temporary top first. Further rise is expected as long as 0.7671 support Read more…
The current market environment is the definition of a “powder keg” waiting for a spark, something that the February US Non-Farm Payroll report could be. While the Wednesday relief rally offered a temporary reprieve, the Read more…
Today’s US Non-Farm Payroll report has taken on unusual importance in a week dominated by geopolitical turmoil. The escalation of conflict in the Middle East has triggered a surge in oil prices and pushed US Read more…
While the lift in oil prices has raised concerns about inflation and the risk of monetary policy tightening in many countries, we view the risks facing the RBNZ as two-sided given the economy’s weak starting Read more…