Daily Pivots: (S1) 1.5848; (P) 1.5914; (R1) 1.6000; More… Further rise is mildly in favor in EUR/AUD as rebound from 1.5559 is in progress for 1.6168 resistance. Break there will resume the rise from 1.5354 Read more…
On 10 April 2022, the first round of the French presidential election will be held, with the potential final run-off scheduled for 24 April. The election is expected to be a tight race between incumbent Read more…
Daily Pivots: (S1) 0.8307; (P) 0.8321; (R1) 0.8335; More… Intraday bias sin EUR/GBP remains mildly on the downside at this point. Break of 0.8304 will resume larger down trend to 0.8276 key long term support. Read more…
The markets are generally steady in Asian session. Dollar is paring some recent gains while Yen and Swiss Franc soften. Trading in Asia would likely be subdue for the next few days on Lunar New Read more…
DXY: On the H4 timeframe, prices are on bullish momentum and have reached an all time high. We would expect potentially a dip from our 1st resistance at 97.319 in line with 200% Fibonacci projection Read more…
China Caixin PMI Manufacturing dropped from 50.9 to 49.1 in January. That’s the worst reading in 23 months. Also, the index slumped into negative territory for the fourth time since February 2020. Wang Zhe, Senior Read more…
Japan industrial production dropped -1.0% mom in December, worse than expectation of -0.8% mom. Manufacturers surveyed by the Ministry of Economy, Trade and Industry (METI) expected output to grow 5.2% in January and 2.2% in Read more…
Atlanta Fed President Raphael Bostic said in an FT interview that “every option is on the table” for every FOMC meeting. “If the data say that things have evolved in a way that a 50 Read more…
Key Highlights EUR/USD started a major decline from well above 1.1350. A major bearish trend line is forming with resistance near 1.1200 on the 4-hours chart. GBP/USD could extend decline if there is a break Read more…
USDCAD is another instrument that has given us trading opportunity lately . Break of August 20th high made bullish sequence from the June 1st low. The price structure is suggesting further rally within that cycle. Read more…