Daily Pivots: (S1) 1.0658; (P) 1.0688; (R1) 1.0710; More…. Intraday bias in EUR/USD remains neutral and consolidation from 1.0667 could extend. But still, outlook stays bearish with 1.0760 resistance intact. Decline from 1.0915 is seen Read more…
Daily Pivots: (S1) 1.2594; (P) 1.2644; (R1) 1.2672; More… GBP/USD’s fall from 1.2859 is trying to resume through 1.2622 temporary low and intraday bias is back on the downside. Sustained trading below 1.2633 resistance turned Read more…
Daily Pivots: (S1) 0.8950; (P) 0.8967; (R1) 0.8990; More… No change in USD/CHF’s outlook and intraday bias stays neutral. Further decline is still expected with 0.8992 resistance intact. Below 0.8912 minor support will bring retest Read more…
Daily Pivots: (S1) 160.00; (P) 160.43; (R1) 161.26; More… Intraday bias in USD/JPY remains on the upside at this point. Sustained trading above 100% projection of 151.86 to 157.70 from 154.53 at 160.37 will pave Read more…
Yen is showing broad-based recovery today, although the momentum remains weak, following its decline to the lowest level against Dollar since 1986. Japan has finally stepped up its verbal intervention efforts again, with Finance Minister Read more…
New Zealand ANZ Business Confidence fell from 11.2 to 6.1 in June. Despite this decrease in overall confidence, there was a slight improvement in the own activity outlook, from 11.8 to 12.2. Cost expectations decreased Read more…
Key Highlights GBP/USD faced rejection near 1.2700 and declined heavily. A major bearish trend line is forming with resistance at 1.2670 on the 4-hour chart. EUR/USD is also trading in a bearish zone below 1.0700. Read more…
UK citizens head to the ballots on July 4 Opinion polls point to a Labour Party victory Political stability could initially benefit the pound But BoE rate cut bets could prove negative in the longer Read more…
US core PCE inflation index could resume downtrend Fed may ask more evidence before cutting interest rates EURUSD trades near key support zone. Is it time for an upside reversal? Inflation could hit a new low Read more…
Intraday Bullish Scenario: Wait for a pullback to 160.12 with TP1 at 160.60 and TP2 at 160.80, with an S.L. below 159.90 or at least 1% of the account capital. Apply Trailing Stop. Bearish Scenario: Read more…