Daily Pivots: (S1) 1.2704; (P) 1.2724; (R1) 1.2762; More… Intraday bias in GBP/USD remains neutral as range trading is still in progress. On the upside, decisive break of 1.2826 high will resume whole rally from Read more…
Daily Pivots: (S1) 1.0939; (P) 1.0957; (R1) 1.0990; More… EUR/USD recovers mildly overnight and stays firm in Asian session. Nevertheless, it’s still capped below 1.0997 minor resistance. Intraday bias stays neutral at this point. On Read more…
Dollar saw notable decline against most major currencies, maintaining its softer tone in the Asian trading session today, with the exception of its performance against Yen. This selloff amidst a backdrop of improving risk sentiment, Read more…
BoJ’s latest Regional Economic Report noted that all nine regions have experienced an uptick in their economies, albeit with variations in pace and extent. This improvement is happening despite challenges posed by the global economic Read more…
DXY: The DXY chart currently exhibits a bearish overall momentum, indicating a weakened US Dollar. In this scenario, there’s potential for a bearish continuation towards the 1st support level. The 1st support at 101.77 is Read more…
OECD has suggested that BoJ should consider implementing a gradual rise in short-term interest rates and introduce more flexibility into its Yield Curve Control policy. This recommendation comes at a time when Japan appears to Read more…
ECB Governing Council member Pablo Hernandez de Cos highlighted the surprising strength of monetary policy transmission and cautioned that this could lead to lower growth. Despite the current economic downturn, de Cos emphasized the need Read more…
New York Fed President John Williams acknowledged the “meaningful progress” made in balancing the economy and “bringing inflation down.” But he also emphasized that the Fed’s is far from over with the assertion. “Our work Read more…
Nikkei 225 broke resistance level 33830.00 Likely to rise to resistance level 35500.00 Nikkei 225 index earlier broke the key resistance level 33830.00 (which has been reversing the pair from the start of June). The Read more…
EURJPY broke key resistance level 158.40 Likely to rise to resistance level 160.95 EURJPY currency pair recently broke through the key resistance level 158.40 (which stopped the previous waves 1 and b, as can be Read more…