In an interview with Helsingin Sanomat, ECB Vice President Luis de Guindos acknowledged the shifting priorities of the ECB as inflation continues to decline. Inflation is expected to return to the medium-term target of 2% Read more…
Daily Pivots: (S1) 193.16; (P) 193.89; (R1) 194.51; More… No change in GBP/JPY’s outlook and intraday bias stays on the downside. Corrective rise from 180.00 could have completed with three waves up to 199.79. Deeper Read more…
Daily Pivots: (S1) 161.17; (P) 161.64; (R1) 162.30; More…. Further decline is expected in EUR/JPY with 163.19 support turned resistance intact. Corrective rebound from 154.40 could have completed with three waves up to 166.67. Deeper Read more…
Daily Pivots: (S1) 0.8319; (P) 0.8341; (R1) 0.8372; More… EUR/GBP is staying in range trading above 0.8259 and intraday bias remains neutral. Outlook stays bearish with 0.8446 resistance intact. On the downside, decisive break of Read more…
Daily Pivots: (S1) 1.5948; (P) 1.6041; (R1) 1.6117; More… EUR/AUD’s rebound from 1.5963 extend higher and the break of 1.6161 support turned resistance delays the bearish case. Intraday bias is turned neutral first. Further fall Read more…
Daily Pivots: (S1) 0.9281; (P) 0.9313; (R1) 0.9334; More…. With break of 0.9294 minor support, rebound from 0.9204 could have completed after rejection by 55 4H EMA. Intraday bias is back on the downside for Read more…
Daily Pivots: (S1) 1.3940; (P) 1.3974; (R1) 1.4019; More… USD/CAD’s rally resumed by breaking through 1.4104 and intraday bias is back on the upside. Further rally should be seen to 61.8% projection of 1.3418 to Read more…
Daily Pivots: (S1) 0.6478; (P) 0.6514; (R1) 0.6540; More… No change in AUD/USD’s outlook and intraday bias stays neutral at this point. Further decline is expected as long as 0.6687 resistance holds. On the downside, Read more…
GBPUSD falls for 8 consecutive weeks 20- and 200-day SMAs post death cross MACD and RSI suggest more losses GBPUSD recorded the eighth straight negative week after the pullback from the 1.3433 level, losing more Read more…
The NZD/USD pair has experienced a significant decline, touching a low of 0.5841 and reaching a yearly trough of 0.5796. The primary pressure comes from a robust US dollar, bolstered by anticipations of a more Read more…