Daily Pivots: (S1) 1.3650; (P) 1.3690; (R1) 1.3728; More… Range trading continues in USD/CAD and intraday bias stays neutral. On the upside, firm break of 1.3751 resistance will suggest that stronger rebound is underway, and Read more…
Daily Pivots: (S1) 0.7010; (P) 0.7047; (R1) 0.7107; More… Range trading continues in AUD/USD and intraday bias remains neutral. With 0.6943 support intact, further rally is still expected. On the upside, firm break of 100% Read more…
Daily Pivots: (S1) 158.68; (P) 159.21; (R1) 159.58; More… Intraday bias in USD/JPY remains neutral at this point. On the upside, above 159.74 will target a retest of 161.94. Firm break there will confirm larger Read more…
Daily Pivots: (S1) 0.7853; (P) 0.7888; (R1) 0.7913; More…. Intraday bias in USD/CHF remains neutral for consolidations below 0.7921 temporary top. Further rally is still expected as long as 0.7746 support holds. Rise from 0.7603 Read more…
Daily Pivots: (S1) 1.1436; (P) 1.1482; (R1) 1.1549; More…. Intraday bias in EUR/USD remains neutral for the moment, and more consolidations could be seen above 1.1408 temporary low. But further decline is expected as long Read more…
RBA hikes cash rate to 4.1% in a 5:4 vote. Perceived capacity pressures and inflationary impacts of the Middle East conflict were key concerns. As was widely expected, the RBA Monetary Policy Board (MPB) raised Read more…
The early spike in oil prices faded throughout yesterday’s trading session, pulling both US and Brent crude below the $100pb mark on news that a few tankers could transit through the Strait of Hormuz. There Read more…
In focus today Focus remains on tensions in the Middle East and its impact on energy markets. In Germany, we will receive the ZEW survey data for March. Recent months have shown an improvement in Read more…
Daily Pivots: (S1) 1.3249; (P) 1.3295; (R1) 1.3365; More… GBP/USD dips mildly as recovery from 1.3216 lost momentum, but holds well above this support. Intraday bias stays neutral and more consolidations could be seen. Risk Read more…
Dollar edged higher today as fresh Iranian strikes on UAE energy infrastructure revived concerns over global oil supply, tempering the cautious optimism seen earlier in the week. While the move has not triggered a full Read more…