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…
Yesterday offered a moment of relief for some investors amid the Trump euphoria sweeping through the markets. The nomination of Scott Bessent for Treasury Secretary resonated well across investment communities as the man – who Read more…
In focus today Tonight, FOMC will publish minutes from its November meeting. Markets remain divided over whether the Fed will continue cutting rates in December, so any clues about the most likely policy rate path Read more…
Daily Pivots: (S1) 1.0453; (P) 1.0492; (R1) 1.0534; More… Range trading continues in EUR/USD and intraday bias remains neutral. More consolidations could be seen above 1.0330 temporary low but further decline is expected as long Read more…
Daily Pivots: (S1) 1.2536; (P) 1.2575; (R1) 1.2608; More… GBP/USD is staying in range above 1.2486 temporary low and intraday bias stays neutral. More consolidations could be seen and further decline is expected as long Read more…
Daily Pivots: (S1) 0.8835; (P) 0.8877; (R1) 0.8905; More… Range trading continues in USD/CHF below 0.8956 and intraday bias remains neutral. More consolidations could be seen and outlook will stay bullish as long as 0.8800 Read more…
Daily Pivots: (S1) 153.58; (P) 154.15; (R1) 154.75; More… Intraday bias in USD/JPY remains neutral as consolidation from 156.74 is still extending. On the downside, break of 153.27 will bring deeper correction to 38.2% retracement Read more…
Dollar strengthened broadly in Asian session, especially against commodity currencies, following a bold announcement from President-elect Donald Trump. Trump pledged to impose steep tariffs on Canada, Mexico, and China to pressure them into halting fentanyl Read more…