Daily Pivots: (S1) 1.2948; (P) 1.2965; (R1) 1.2992; More… GBP/USD is staying in consolidation below 1.2994 temporary top and intraday bias remains neutral. Further rally is expected as long as 1.2859 resistance turned support holds. Read more…
Forex markets have been relatively subdued today. Sterling remains steady after June’s UK CPI data revealed that both headline and core inflation were unchanged from the previous month. Significantly, services inflation also failed to cool, Read more…
The S&P500 hit a fresh record this year for the 38th time on Tuesday, banks rallied on earnings which showed that the big banks’ trading revenue jumped nearly 20% in Q2 and investment banking revenues Read more…
UK CPI was unchanged at 2.0% yoy in June, matched expectations. CPI core (excluding energy, food, alcohol and tobacco) was unchanged at 3.5% yoy, above expectation of 3.4% yoy. CPI goods annual rate fell from Read more…
Daily Pivots: (S1) 1.0877; (P) 1.0900; (R1) 1.0916; More…. Intraday bias in EUR/USD remains neutral for the moment. Further rally is expected as long as 1.0805 support holds. Firm break of 1.0915/21 will will resume Read more…
Daily Pivots: (S1) 0.8922; (P) 0.8951; (R1) 0.8967; More… Intraday bias in USD/CHF remains neutral and further fall is in favor with 0.9000 resistance intact. Below 0.8914 will bring retest of 0.8825 low. However, break Read more…
Daily Pivots: (S1) 157.93; (P) 158.39; (R1) 158.88; More… Intraday bias in USD/JPY remains neutral for the moment. On the downside, break of 157.16 and sustained trading below 55 D EMA (now at 157.72) will Read more…
Daily Pivots: (S1) 0.6711; (P) 0.6738; (R1) 0.6761; More… AUD/USD recovered quickly after breaching 0.6723 support and intraday bias remains neutral. Further rally is expected as long as 0.6723 minor support holds. On the upside, Read more…
Daily Pivots: (S1) 1.3659; (P) 1.3683; (R1) 1.3699; More… USD/CAD’s rebound lost momentum after hitting 1.3707 and intraday bias is turned neutral first. Outlook is unchanged that corrective pattern from 1.3845 might have completed with Read more…
Daily Pivots: (S1) 172.21; (P) 172.57; (R1) 173.00; More… Intraday bias in EUR/JPY remains neutral at this point. Corrective fall from 175.41 could still extend lower. But downside should be contained by 170.87 and bring Read more…