Daily Pivots: (S1) 152.57; (P) 153.53; (R1) 154.07; More… Intraday bias in USD/JPY stays on the downside as corrective fall from 156.74 is in progress. Deeper decline would be seen to 38.2% retracement of 139.57 Read more…
Daily Pivots: (S1) 1.2511; (P) 1.2564; (R1) 1.2620; More… GBP/USD is staying in consolidation above 1.2486 and intraday bias remains neutral. Further decline is expected as long as 1.2713 resistance holds. On the downside, break Read more…
Daily Pivots: (S1) 0.8840; (P) 0.8868; (R1) 0.8892; More… USD/CHF is staying in consolidation below 0.8956 and intraday bias remains neutral. Outlook will continue to stay bullish as long as 0.8800 support holds, in case Read more…
Even though Donald Trump’s tariff threats on China, Mexico and Canada didn’t concern Europe, the feeling in Europe was far from being comfortable yesterday. The word tariff gives cold chills especially to the European carmakers Read more…
In focus today From the US, October PCE data is due for release. PCE inflation is expected to remain close to past month’s pace in both headline and core terms, in line with the CPI Read more…
Daily Pivots: (S1) 0.6437; (P) 0.6472; (R1) 0.6511; More… Intraday bias in AUD/USD remains neutral and more sideway consolidations could be seen. Further decline is expected as long as 0.6687 resistance holds. On the downside, Read more…
Daily Pivots: (S1) 1.3958; (P) 1.4068; (R1) 1.4165; More… Intraday bias in USD/CAD is turned neutral first with current retreat. Further rally is expected as long as 1.3930 support holds. On the upside, break of Read more…
Daily Pivots: (S1) 191.63; (P) 192.85; (R1) 193.67; More… GBP/JPY’s fall from 199.79 continues today and intraday bias stays on the downside. As noted before, corrective rise from 180.00 could have completed with three waves Read more…
Daily Pivots: (S1) 161.17; (P) 161.64; (R1) 162.30; More…. EUR/JPY’s fall from 166.67 continues today and intraday bias stays on the downside. As noted before, corrective rebound from 154.40 could have completed with three waves Read more…
Kiwi rebounded broadly during Asian session, supported by a less dovish-than-expected rate cut from RBNZ. While the 50bps reduction to 4.25% had been widely anticipated, RBNZ’s updated forecasts, which suggest a slower pace of easing Read more…