GBP/USD started a fresh increase above the 1.2900 zone. USD/CAD declined and now consolidates below the 1.4350 level. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound is eyeing more gains above the Read more…
Markets Markets remained hesitant throughout European dealings yesterday even as stock markets staged a(n initially) modest comeback. Core bonds continued to excel with April EMU CPI figures strengthening the case for a final 25 bps Read more…
Daily Pivots: (S1) 192.40; (P) 193.17; (R1) 194.13; More… Intraday bias in GBP/JPY stays neutral as range trading continues. On the upside, break of 195.95 will extend the rally from 187.04 once again, to 198.94 Read more…
Daily Pivots: (S1) 160.72; (P) 161.55; (R1) 162.33; More… Intraday bias in EUR/JPY remains neutral for the moment. Further rise is in favor as long as 160.73 support holds. Above 164.16 will resume the rally Read more…
Daily Pivots: (S1) 0.8341; (P) 0.8360; (R1) 0.8370; More… Intraday bias in EUR/GBP remains neutral for the moment. With the near term falling channel intact, deeper fall is mildly in favor. Break of 0.8314 will Read more…
Daily Pivots: (S1) 1.7129; (P) 1.7247; (R1) 1.7310; More… Current steep decline suggests that corrective pattern from 1.7417 is extending with another falling leg. Intraday bias is turned neutral first. Downside should be contained by Read more…
Daily Pivots: (S1) 0.9507; (P) 0.9543; (R1) 0.9572; More…. Range trading continues in EUR/CHF and intraday bias stays neutral for the moment. For now, strong support is still expected from 0.9486 to complete the correction Read more…
The much-expected US tariffs will be announced in a few hours and they will take immediate effect, according to the latest news. Yesterday’s ISM data confirmed that the US manufacturing activity slowed, new orders tanked, Read more…
In focus today In the US, Donald Trump is widely expected to enact new broad-based tariffs with an expansion to measures against Canada and Mexico, while auto tariffs will wait until Thursday. The first reciprocal Read more…
Daily Pivots: (S1) 1.0770; (P) 1.0800; (R1) 1.0822; More… Intraday bias in EUR/USD remains neutral for the moment. On the upside, break of 1.0857 resistance will indicate that correction from 1.0963 has completed already. Retest Read more…