Category: Cryptocurrencies

In focus today Today, we will get January PMIs for both the euro area and the US. They will be the first indicator on how the major economies performed at the beginning of 2024. In Read more…

Daily Pivots: (S1) 1.3447; (P) 1.3469; (R1) 1.3485; More… Intraday bias in USD/CAD remains neutral for moment. Consolidation from 1.3540 could extend further. But further rally is expected as long as 1.3342 minor support holds. Read more…

Daily Pivots: (S1) 0.6550; (P) 0.6581; (R1) 0.6610; More… Intraday bias in AUD/USD stays neutral for the moment. Consolidation from 0.6524 could extend further. But further decline is expected as long as 0.6639 support turned Read more…

Daily Pivots: (S1) 147.34; (P) 148.02; (R1) 149.05; More… Intraday bias in USD/JPY remains neutral as consolidation from 148.79 is extending. Deeper retreat cannot be ruled out, but further rally is expected as long as Read more…

Daily Pivots: (S1) 0.8659; (P) 0.8694; (R1) 0.8737; More…. Intraday bias in USD/CHF is mildly on the upside at this point. Sustained trading above 38.2% retracement of 0.9243 to 0.8332 at 0.8680 and 55 D Read more…

Daily Pivots: (S1) 1.2642; (P) 1.2694; (R1) 1.2740; More… GBP/USD is still extending the consolidation pattern from 1.2826 and intraday bias remains neutral. Another fall cannot be ruled out, but downside will likely be contained Read more…

Japanese Government Bond (JGB) yields on the upmove ex-post BoJ. Positive yield premium shrinkage (JGB over the rest of the world) may put further downside pressure on JPY crosses carry trades. Watch NZD/JPY where RBNZ Read more…

Daily Pivots: (S1) 1.0812; (P) 1.0864; (R1) 1.0906; More… EUR/USD’s breach of 1.0843 temporary low suggests that fall from 1.1138 is resuming. Intraday bias is back on the downside for 1.0722 support first. Decisive break Read more…

The forex markets are currently extending a phase of indecision. Dollar, after briefly rallying against Euro and Swiss Franc, saw its gains diminish. Australian Dollar’s initial surge, fueled by optimism over China’s proposed stock market Read more…

DXY: The DXY (US Dollar Currency Index) chart is currently displaying a bearish overall momentum, indicating weakness in the US Dollar. There is a potential for a bearish continuation in the price towards the 1st Read more…