The EUR/USD pair experienced a noticeable uptick yesterday, but failed to sustain its peak, settling at 1.0732 today. Early gains were buoyed by the initial outcomes from France’s parliamentary elections, which did not reflect the Read more…
European currencies are showing surprising resilience. Despite the general strengthening of the dollar and strong macroeconomic data from the US, EUR/USD and GBP/USD continue to trade above strategically important levels: EUR/USD has been testing 1.0660 Read more…
EURJPY advances above 32-year high Fears of a Japanese intervention increase Oscillators point to overbought conditions EURJPY has been in an uptrend since the beginning of the year, storming to consecutive multi-year highs. Despite a strong pullback following Read more…
ECB Chief Economist Philip Lane emphasized today that June inflation data alone will not suffice to address questions surrounding services inflation, suggesting the ECB may delay further interest rate cuts until additional data is available. Read more…
Daily Pivots: (S1) 203.45; (P) 204.09; (R1) 204.93; More… Intraday bias in GBP/JPY remains on the upside for the moment. Current up trend should target 100% projection of 191.34 to 200.72 from 197.18 at 206.56 Read more…
Daily Pivots: (S1) 172.78; (P) 173.22; (R1) 173.85; More… Intraday bias in EUR/JPY remains on the upside. Current up trend should target 100% projection of 164.01 to 170.87 from 167.52 at 174.38. On the downside, Read more…
Daily Pivots: (S1) 0.8475; (P) 0.8487; (R1) 0.8502; More… Intraday bias in EUR/GBP remains on the upside at this point. Sustained trading above 55 D EMA (now at 0.8501) will extend the rise from 0.8396 Read more…
Daily Pivots: (S1) 1.6085; (P) 1.6117; (R1) 1.6159; More… Intraday bias in EUR/AUD stays neutral as consolidations continue above 1.5996. Outlook stays bearish as long as 1.6211 support turned resistance holds. On the downside, break Read more…
Daily Pivots: (S1) 0.9656; (P) 0.9683; (R1) 0.9723; More…. EUR/CHF’s break of 0.9683 resistance argues that fall from 0.9928 has completed at 0.9476, probably as a corrective move. Intraday bias is back on the upside Read more…
GBPUSD’s recent bounce off 1.2300 runs out of steam RSI and MACD hold beneath mid-levels GBPUSD started a bearish wave again after the spike towards the three-month high of 1.2860, sending prices beneath the 20- Read more…