Daily Pivots: (S1) 1.3546; (P) 1.3580; (R1) 1.3640; More… Focus stays on 1.612 resistance in USD/CAD. Decisive break there will resume whole rise from 1.3176 towards 1.3897 resistance. On the downside, firm break of 1.3419 Read more…
Daily Pivots: (S1) 0.6490; (P) 0.6534; (R1) 0.6558; More…. Focus stays on 0.6503 support in AUD/USD. Decisive break there will indicate that larger fall from 0.6870 is ready to resume, and turn bias to the Read more…
Daily Pivots: (S1) 1.0784; (P) 1.0826; (R1) 1.0850; More… Intraday bias in EUR/USD stays on the downside at this point. Rebound from 1.0694 should have completed at 1.0980. Deeper fall would be seen to retest Read more…
Daily Pivots: (S1) 1.2558; (P) 1.2617; (R1) 1.2658; More… Intraday bias in GBP/USD remains on the downside for 1.2517 structural support. Decisive break there will suggest that rise from 1.2036 has completed at 1.2892 already, Read more…
Daily Pivots: (S1) 0.8953; (P) 0.8987; (R1) 0.9009; More…. Intraday bias in USD/CHF is turned neutral with 4H MACD crossed below signal line. Some consolidations would be seen below 0.9019 temporary top first. But downside Read more…
The forex markets display a calm demeanor in the Asian session, with most major pairs and crosses gyrating in very tight ranges. Australian Dollar finds modest support from the state orchestrated rebound in Chinese Yuan. Read more…
Chinese Yuan rebounded significantly in Asian session, sparked by PBoC’s unexpectedly strong daily fixing. The fixing was set at 7.0996, markedly stronger than the anticipated 7.2222 by analysts, marking the largest strengthening bias since November. Read more…
BoJ’s minutes from January meeting, ahead of the landmark March decision to end negative interest rates, reveal a cautious approach towards monetary policy adjustments. Members highlighted the Japan’s economic conditions “differed significantly” to those of Read more…
Key Highlights EUR/USD started a fresh decline from the 1.0950 resistance zone. It traded below a key contracting triangle with support at 1.0840 on the 4-hour chart. GBP/USD declined heavily below the 1.2750 support. Gold Read more…
Instrument of the Week (25-29 March): GBPCAD Spotlight Discover why FBS reduced the GBPCAD spread and what to do next! The final week of March 2024 is critical for traders and investors watching the GBPCAD Read more…