AUD/USD’s break of 0.6964 support today suggests that corrective rebound from 0.6864 has completed at 0.7026, after rejection at 55 D EMA (now at 0.7006). Intraday bias is back on the downside for 0.6864 first. Read more…
Intraday bias in USD/CAD is turned neutral again with current retreat. It’s still slightly favored that corrective pullback from 1.4247 has completed at 1.4002. Above 1.4127 will bring stronger rebound to retest 1.4247 high. On Read more…
Intraday bias in GBP/JPY stays neutral at this point. More consolidations would be seen below 219.56. Downside should be contained by 216.39 support to bring another rally. On the upside, firm break of 219.56 will Read more…
Intraday bias in EUR/JPY stays neutral as consolidations continue below 186.72 temporary top. Rebound from 182.10 could still extend higher, and above 186.72 will target 187.93 high. Nevertheless, since this rebound is viewed as a Read more…
Intraday bias in EUR/GBP remains mildly on the upside, as rebound from 0.8453 is in progress for (now at 0.8586). But strong resistance should be seen from 0.8610 to limit upside. On the downside, below Read more…
Intraday bias in EUR/AUD remains neutral for now. But immediate focus is now on 1.6419 resistance with today’s strong rebound. Firm break there will suggest that pullback from 1.6617 has completed at 1.6250, and rise Read more…
EUR/CHF’s rally is still in progress today and intraday bias remains on the upside. Current rise from 0.8979 should target 100% projection of 0.8979 to 0.9264 from 0.9094 at 0.9379. On the downside, below 0.9278 Read more…
The dollar’s next move hinges on tonight’s Fed decision, and this time markets genuinely don’t know what to expect. While economists still lean toward a hold—with CME FedWatch odds sitting near 68.5% for no change—Kevin Read more…
Mercedes-Benz’s diversified ownership structure could come back to bite the German automaker if a recent bill passed by an influential Senate Committee is enforced by the letter of the law and keeps the luxury automaker Read more…
Markets Yesterday, markets still lived on hope that the pause in military confrontation between the US and Iran was an indication of negotiations behind the scenes. However, there was little concrete news from the parties Read more…