Daily Pivots: (S1) 0.9274; (P) 0.9303; (R1) 0.9334; More… EUR/USD is staying in consolidation from 0.9252 and intraday bias remains neutral. While another recovery cannot be ruled out, outlook will stay bearish as long as Read more…
In focus today The first week of January will be concluded with the December Jobs Report at 14:30 CET, and ISM services index at 16:00 CET. Recent data (Claims/ADP/JOLTs) has generally supported the narrative of Read more…
Daily Pivots: (S1) 143.38; (P) 144.11; (R1) 145.37; More… USD/JPY’s break of 144.94 resistance argues that fall from 151.89 has completed. Intraday bias stays on the upside at this point. Rebound from 140.25 would target Read more…
Daily Pivots: (S1) 0.8477; (P) 0.8503; (R1) 0.8528; More…. No change in USD/CHF’s outlook as price actions from 0.8332 are still seen as a corrective pattern only. Intraday bias stays neutral and outlook remains bearish Read more…
Daily Pivots: (S1) 1.2650; (P) 1.2690; (R1) 1.2723; More… Intraday bias in GBP/USD remains neutral as range trading continues. On the upside, break of 1.2826 will resume whole rally from 1.2036. However, break of 1.2611 Read more…
Talking Points Weekly Chart Technical Analysis Short Term formation before Non-Farm Payroll Weekly Chart Price was trading within an uptrend that began mid-year 2020 and may still be in place, however, the trend acceleration pace Read more…
DXY: The DXY (US Dollar Index) chart currently has a bearish overall momentum, indicating weakness in the US Dollar. Price could potentially continue its bearish movement towards the 1st support level. The 1st support at Read more…
Euro is currently trading weaker against its European peers and Dollar as market anticipates the release of Eurozone CPI flash data for December. Expectations are set for the headline CPI to increase from 2.4% yoy Read more…
As financial markets await December US non-farm payroll data, remains the strongest major currency for the week. 10-year treasury yield continues its attempt to breach break 4% psychological level, as its near-term recovery is still Read more…
Key Highlights USD/JPY started a recovery wave above the 142.00 resistance. It broke a major bearish trend line with resistance at 142.60 on the 4-hour chart. Bitcoin price recovered losses, but it might struggle above Read more…