A less dovish Fed with a surprise cut by SNB has triggered a bout of US dollar strength since last Thursday, 21 March. China’s central bank, PBoC responded with a lower-than-expected daily fixing on the Read more…
EURUSD breaks SMAs to the downside Immediate support at rising trend line MACD and RSI suggest more negative movements EURUSD is showing some strong selling interest over the last couple of days, following the pullback Read more…
Markets The path of least resistance on yields markets on Friday still was south. Investors after Wednesday’s Fed meeting/press conference clearly saw the glass half empty, rather than half full. The dots suggested otherwise with Read more…
In focus today The week starts out without any major data releases today. ECB president Lagarde and Fed’s Bostic and Cook will speak today. Later this week we look out for local inflation prints from Read more…
The Bank of Japan’s (BoJ) decided to hike the interest rates for the first time after 17 years but the yen has been weakening since then, on fear that this would be a ‘one and Read more…
In an era of economic recalibration, the Reserve Bank of Australia’s (RBA) interest rate decisions are in the spotlight. This FXOpen article delves into analytical predictions for RBA interest rates through 2024 and beyond, offering Read more…
Daily Pivots: (S1) 190.07; (P) 191.15; (R1) 191.92; More….. Intraday bias in GBP/JPY stays neutral at this point and some more consolidations would be seen. Nevertheless, outlook will stay bullish as long as 187.94 support Read more…
Daily Pivots: (S1) 163.15; (P) 163.98; (R1) 164.48; More… Intraday bias in EUR/JPY remains neutral for the moment. Downside of current retreat should be contained by 55 4H EMA (now at 163.27) to bring rebound. Read more…
Daily Pivots: (S1) 0.8563; (P) 0.8583; (R1) 0.8597; More… Intraday bias in EUR/GBP remains on the upside at this point. Rebound from 0.8497 is seen as at least correcting the fall from 0.8764. Further rally Read more…
Daily Pivots: (S1) 1.6524; (P) 1.6572; (R1) 1.6643; More… Intraday bias in EUR/USD stays neutral as consolidation continues in range of 1.6439/6742. Near term outlook will stay cautiously bullish as long as 1.6439 support holds. Read more…