The US dollar has shifted into a corrective phase following its previous rally, while market participants adopt a wait-and-see approach ahead of the release of the Federal Reserve’s meeting minutes. The weakening of the dollar Read more…
Markets Markets overnight again had to cope with a TACO-like U-turn regarding the conflict with Iran and the impact on the on energy supply affecting the global economy. Pakistan (PM Shehbaz Sarif) proposing a 10-point Read more…
Daily Pivots: (S1) 1.6592; (P) 1.6653; (R1) 1.6686; More… EUR/AUD’s break of 1.6561 minor support suggests that corrective rebound from 1.6125 has already completed at 1.6842, after rejection by 55 D EMA (now at 1.6733)/ Read more…
Daily Pivots: (S1) 0.8708; (P) 0.8725; (R1) 0.8739; More… EUR/GBP is still bounded in consolidations below 0.8740 and intraday bias remains neutral. On the upside, above 0.8740 will resume the rebound from 0.8610 short term Read more…
Daily Pivots: (S1) 184.48; (P) 184.83; (R1) 185.44; More… EUR/JPY’s rise from 180.78 resumed by breaking through 184.75 resistance and intraday bias is back on the upside. Further rally should be seen to retest 186.86 Read more…
Daily Pivots: (S1) 211.52; (P) 211.92; (R1) 212.60; More… GBP/JPY is staying below 213.29 resistance despite current strong rebound. Intraday bias remains neutral first. On the upside, firm break of 213.29 will resume the rise Read more…
Daily Pivots: (S1) 0.9216; (P) 0.9241; (R1) 0.9277; More…. EUR/CHF is staying in range trading and intraday bias remains neutral. On the upside, sustained trading above 61.8% retracement of 0.9394 to 0.8979 at 0.9235 will Read more…
Daily Pivots: (S1) 1.3869; (P) 1.3900; (R1) 1.3917; More… USD/CAD’s fall from 1.3965 extended lower last week and focus is now on 38.2% retracement of 1.3840 to 1.3965 at 1.3780. Decisive break there will argue Read more…
Daily Pivots: (S1) 0.6923; (P) 0.6951; (R1) 0.7004; More… AUD/USD’s strong rally today indicates that corrective fall from 0.7187 has already completed at 0.6832. Intraday bias is back on the upside for retesting 0.7187 high. Read more…
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