Daily Pivots: (S1) 164.55; (P) 164.82; (R1) 165.25; More… EUR/JPY’s breach of 165.33 resistance argues that larger up trend is resuming. Intraday bias is back on the upside. Further rally would be seen to 169.96 Read more…
Daily Pivots: (S1) 1.0628; (P) 1.0650; (R1) 1.0675; More… Range trading continues in EUR/USD and intraday bias remains neutral. Upside of recovery should be limited by 1.0723 support turned resistance. Break of 1.0601 will resume Read more…
Daily Pivots: (S1) 0.9103; (P) 0.9113; (R1) 0.9131; More…. USD/CHF is still bounded in consolidation from 0.9151 and intraday bias stays neutral. Further rally is expected as long as 0.8996 support holds. Break of 0.9151 Read more…
Daily Pivots: (S1) 154.57; (P) 154.71; (R1) 154.98; More… Intraday bias in USD/JPY remains mildly on the upside as up trend is extending. However, considering bearish divergence condition in 4H MACD, strong resistance should be Read more…
Daily Pivots: (S1) 1.2303; (P) 1.2347; (R1) 1.2395; More… Intraday bias in GBP/USD is turned neutral first with current recovery, and some consolidations would be seen first. Upside of recovery should be limited by 1.2538 Read more…
Sterling and Euro rebound broadly today, bolstered by encouraging PMI data that suggests continued recovery momentum in both UK and Eurozone. For the Pound, the latest PMI readings indicate that UK’s recovery from last year’s Read more…
Caroline Woods brings the latest business headlines from the floor of the New York Stock Exchange as markets open for trading on Tuesday, April 23. Full Video Transcript Below: Caroline Woods: I’m Caroline Woods reporting from Read more…
The AUD/USD pair is experiencing upward momentum for the second consecutive day, reaching a one-week high near 0.6453 on Tuesday. This positive movement comes after a period of rapid decline and is supported by encouraging Read more…
BoE Chief Economist Huw Pill indicated in a speech today that while a rate cut is “somewhat closer” now, it remains “some way off” in his baseline scenario. Pill emphasized that the MPC’s evaluation of Read more…
Gold is under pressure this week, having pulled back to the $2300 per troy ounce level. The decline since Friday’s close is over 3.7%. The formal trigger is a more moderate escalation in the Palestinian-Israeli Read more…