Daily Pivots: (S1) 154.11; (P) 154.43; (R1) 154.71; More… Intraday bias in USD/JPY is turned neutral with current retreat. Considering bearish divergence condition in 4H MACD, in case of another rise, upside should be limited Read more…
Daily Pivots: (S1) 1.2421; (P) 1.2451; (R1) 1.2486; More… GBP/USD is staying in consolidation from 1.2404 and intraday bias remains neutral. Upside but upside of recovery should be limited by 1.2538 support turned resistance to Read more…
Daily Pivots: (S1) 0.9088; (P) 0.9115; (R1) 0.9135; More…. USD/CHF is extending the consolidation pattern from 0.9151 and intraday bias remains neutral. Deeper pull back cannot be ruled out. But further rally is expected as Read more…
Daily Pivots: (S1) 1.3743; (P) 1.3790; (R1) 1.3821; More… A temporary top was formed at 1.3845 in USD/CAD after hitting 100% projection of 1.3176 to 1.3540 from 1.3477 at 1.3841. Intraday bias is mildly on Read more…
The big story of yesterday was the disappointing results from the biggest European company, ASML, which sells equipment to chipmakers so that they could build their chips. ASML sales missed estimates and new orders came Read more…
In focus today Today, two Riksbank board members will give speeches on monetary policy and the economic outlook, Aino Bunge (8.30) and Per Jansson (16.00). It will be very interesting to hear their comments on Read more…
Daily Pivots: (S1) 0.6407; (P) 0.6427; (R1) 0.6454; More… A temporary low is formed at 0.6388 in AUD/USD with current recovery and some consolidations would be seen. But upside should be limited by 0.6492 minor Read more…
The forex markets are rather subdued in today’s Asian session, with major currency pairs and crosses largely trading within yesterday’s ranges. Australian Dollar strengthened slightly, ignoring significantly weaker-than-anticipated job data. Instead, it’s lifted by rebound Read more…
BoJ Board Member Asahi Noguchi highlighted in a speech today the unique economic conditions facing Japan compared to other major economies. He pointed out that any changes to the policy rate are expected to occur Read more…
Short term Elliott Wave view in EURJPY suggests that rally to 165.35 ended wave 3. Wave 4 pullback unfolded as a double three Elliott Wave structure. Down from wave 3, wave ((w)) ended at 162.59 Read more…