Markets The ECB left its policy rates and the APP run-down unchanged. In the quarterly forecasts, ECB staff downwardly revised 2024 growth and inflation. Growth this year is expected at 0.6% (vs 0.8% in December), Read more…
Daily Pivots: (S1) 188.48; (P) 189.36; (R1) 190.49; More….. GBP/JPY recovered after dipping to 188.22 and intraday bias is turned neutral first. On the downside, below 188.22 will resume the decline from 191.29 to 38.2% Read more…
Daily Pivots: (S1) 160.82; (P) 161.82; (R1) 163.07; More… EUR/JPY recovered after dipping to 160.54 and intraday bias is turned neutral first. On the downside, below 160.54 will resume the fall from 163.70 to 38.2% Read more…
Daily Pivots: (S1) 0.8527; (P) 0.8545; (R1) 0.8567; More… Range trading continues in EUR/GBP and intraday bias stays neutral. On the upside, decisive break of 0.8577 resistance and 55 D EMA (now at 0.8572) will Read more…
Daily Pivots: (S1) 1.6449; (P) 1.6530; (R1) 1.6619; More… Intraday bias in EUR/AUD remains on the downside at this point. Decisive break of 1.6450 support will argue that whole rebound from 1.6127 has completed with Read more…
Daily Pivots: (S1) 0.9573; (P) 0.9596; (R1) 0.9634; More… EUR/CHF is extending the consolidation from 0.9630 and intraday bias remains neutral. Further rally is expected as long as 0.9510 support holds. Above 0.9630 will resume Read more…
Yesterday’s European Central Bank (ECB) meeting and Lagarde’s press conference went according to the plan. The ECB left its rates unchanged for the fourth straight meeting, lowered its inflation forecasts, predicted that inflation will reach Read more…
Key Highlights USD/JPY started a major decline from the 150.80 resistance zone. It traded below a key bullish trend line with support at 150.00 on the 4-hour chart. Gold prices surged above the $2,120 resistance Read more…
DXY: The DXY (US Dollar Index) chart currently maintains its bullish momentum, indicating a potential scenario of a bullish bounce off the pivot and a subsequent move towards the 1st resistance. The pivot level at Read more…
Daily Pivots: (S1) 1.0894; (P) 1.0922; (R1) 1.0975; More… EUR/USD’s rally from 1.0694 resumed after brief retreat and intraday bias is back on the upside. Further rally should be seen to retest 1.1138 resistance next. Read more…