Daily Pivots: (S1) 146.48; (P) 146.97; (R1) 147.70; More… Intraday bias in USD/JPY is turned neutral with current recovery, but further decline is expected with 148.50 resistance intact. Break of 146.22 will resume the fall Read more…
Daily Pivots: (S1) 1.3491; (P) 1.3526; (R1) 1.3573; More… Intraday bias in USD/CAD remains neutral for the moment. Below 1.3479 will resume the corrective fall from 1.3897. But downside should be seen from 1.3378 support, Read more…
Bears returned fully to game on Monday after Friday’s brief pause on Fed Powell’s remarks, pushing the Euro to the lowest in three weeks. The pair slid over 0.5% until mid-US session and cracked pivotal Read more…
US yields rebounded and major indices sold off yesterday as markets have priced in a beyond-reasonable amount of rate cuts from the Federal Reserve (Fed) for next year based on a soft-landing scenario. All eyes Read more…
Daily Pivots: (S1) 0.6586; (P) 0.6639; (R1) 0.6672; More… AUD/USD dips notably today but stays above 0.6570 support so far. Intraday bias remains neutral first. On the upside, sustained break of channel resistance (now at Read more…
Today’s Asian session saw broad decline in Australian Dollar, along with New Zealand and Canadian Dollars. This pattern suggests a shift towards risk aversion among investors, a sentiment echoed by the performance of major Asian Read more…
As we expected, the RBA Board kept rates on hold following its December meeting. Information received since the previous meeting in early November was considered ‘broadly in line’ with their expectations. The Governor’s decision statement Read more…
RBA left its policy cash rate unchanged at 4.35% in line with expectations. A slight dovish tonality in the monetary policy statement has reduced the expectations of a “hawkish pause”. Technical analysis suggests that the Read more…
Dow Futures (YM_F) shows incomplete sequence from 10.3.2022 low favoring further upside. Rally from 10.3.2022 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from 10.3.2022 low, wave (1) ended at 35228 Read more…
DXY: The DXY (US Dollar Index) chart currently has a bearish overall momentum. Price could potentially continue this bearish trend towards the 1st support at 103.02, which is identified as an overlap support. This level Read more…