Daily Pivots: (S1) 1.2548; (P) 1.2581; (R1) 1.2638; More… GBP/USD’s rally continues today and intraday bias stays on the upside for the moment. Current rise from 1.2036 should target for 61.8% retracement of 1.3141 to Read more…
Daily Pivots: (S1) 0.8809; (P) 0.8829; (R1) 0.8848; More…. Intraday bias in USD/CHF stays on the downside as recent decline continues today. Current fall from 0.9243 should target 100% projection of 0.9243 to 0.8886 from Read more…
The gold (XAU) price rose by 0.5% on Friday and finished the day above the important 2,000 mark for the first time since 27 October. XAUUSD Friday’s trading session was relatively quiet, and the market Read more…
The Australian dollar (AUD) gained 0.38% on Friday as the U.S. dropped on expectations that the U.S. interest rates may have peaked. Possible effects for traders It’s incredibly quiet, as you’d expect on the day Read more…
In an interview with ChronicleLive, BoE Governor Andrew Bailey pointed out that the recent decline in inflation is largely attributed to the unwinding of last year’s surge in energy prices. He highlighted two important phases Read more…
Daily Pivots: (S1) 149.19; (P) 149.45; (R1) 149.70; More… USD/JPY dips notably today but stays above 148.57 minor support. Intraday bias remains neutral at this point. Risk stays on the downside as long as 55 Read more…
Yen is having a moderate rebound today, spurred by slightly stronger-than-expected corporate services price inflation data. However, this uptick in is showing only restrained momentum, especially noticeable even against a weaker Dollar. The limited rise Read more…
Daily Pivots: (S1) 1.0907; (P) 1.0928; (R1) 1.0961; More… Intraday bias in EUR/USD remains neutral for the moment, as it’s still capped below 1.0964 resistance. Further rally is in favor as long as 1.0823 support Read more…
In today’s address to the parliament, BoJ Governor Kazuo Ueda provided note that the economy is “recovering moderately,” which is further evidenced by the narrowing of the output gap to “near zero”. Ueda also highlighted Read more…
Bearish readings seen in the daily and hourly RSI momentum indicators have reinforced the weakening medium-term and short-term impulsive up moves of CHF/JPY. Watch the key short-term resistance at 169.65 for CHF/JPY. The major uptrend Read more…