Daily Pivots: (S1) 0.8325; (P) 0.8337; (R1) 0.8351; More… Further decline is expected in EUR/GBP despite weak downside momentum. In any case, outlook will stay bearish as long as 0.8417 resistance holds. Current down trend Read more…
Daily Pivots: (S1) 1.5743; (P) 1.5784; (R1) 1.5808; More… Intraday bias in EUR/AUD remains neutral for the moment. On the downside, break of 1.5559 will resume the fall from 1.6168 to retest 1.5250/5354 support zone. Read more…
Daily Pivots: (S1) 1.0489; (P) 1.0500; (R1) 1.0511; More…. Intraday bias in EUR/CHF remains on the upside for the moment. Corrective rebound from 1.0324 would target 38.2% retracement of 1.0936 to 1.0324 at 1.0558. We’d Read more…
Market movers today Today’s key release is the US CPI data for December, where CPI headline inflation is likely to reach 7.0% y/y (CPI core inflation will likely exceed 5.0%). Underlying price increases have been Read more…
Daily Pivots: (S1) 1.1330; (P) 1.1352; (R1) 1.1392; More… No change in EUR/USD’s outlook as range trading continues. Intraday bias stays neutral for the moment. On the upside, sustained trading above 55 day EMA (now Read more…
Daily Pivots: (S1) 0.9219; (P) 0.9249; (R1) 0.9264; More…. Intraday bias in USD/CHF is turned neutral again with current retreat. Overall, with 0.9084 support intact, choppy rise from 0.8925 could still extend higher. Break of Read more…
Daily Pivots: (S1) 115.05; (P) 115.37; (R1) 115.60; More… Intraday bias in USD/JPY remains neutral as consolidation from 116.34 could extend further. But downside of retreat should be contained well well above 114.26 resistance turned Read more…
Daily Pivots: (S1) 0.7172; (P) 0.7193; (R1) 0.7231; More… Intraday bias in AUD/USD stays neutral for the moment. On the upside, break of 0.7277 will resume the rebound from 0.6992. Such development would also revive Read more…
Daily Pivots: (S1) 1.2534; (P) 1.2607; (R1) 1.2647; More… With the strong break of 1.2619 support, USD/CAD’s should have completed a head and should top pattern (ls: 1.2852, h: 1.2963, rs: 1.2812). The development argues Read more…
Overall, Fed Chair Jerome Powell’s renomination hearings seemed to be well received by the markets. US stocks closed broadly higher overnight, followed by rallies in Asian indexes. Yen and Dollar are both under some selling Read more…