GBP/USD started a fresh increase above the 1.2370 zone. USD/CAD is declining and trading below the 1.3730 support. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound is eyeing a fresh increase above Read more…
Daily Pivots: (S1) 185.38; (P) 186.32; (R1) 187.31; More… Intraday bias in GBP/JPY stays neutral at this point, and more consolidations would be seen below 188.26. Another rally will remain in favor as long as Read more…
Daily Pivots: (S1) 162.42; (P) 163.03; (R1) 163.89; More…. Intraday bias in EUR/JPY remains neutral as consolidation from 164.29 is extending. Downside of retreat should be contained well above 159.75 resistance turned support to bring Read more…
Daily Pivots: (S1) 0.8741; (P) 0.8752; (R1) 0.8768; More…. Intraday bias in EUR/GBP remains mildly on the upside at this point. Current rally should target 61.8% projection of 0.8491 to 0.8752 from 0.8648 at 0.8809. Read more…
Daily Pivots: (S1) 1.6692; (P) 1.6747; (R1) 1.6806; More… Intraday bias in EUR/AUD remains neutral for the moment, and some more consolidations could be seen. On the upside, sustained break of 1.6843/4 will resume the Read more…
Daily Pivots: (S1) 0.9637; (P) 0.9652; (R1) 0.9680; More… Range trading continues in EUR/CHF below 0.9678 and intraday bias stays neutral. Further rally is expected as long as 0.9595 support holds. Firm break of 0.9678/91 Read more…
Markets The Fed’s hold at its November policy meeting ignited a corrective rally in US Treasuries (and core bonds in general). A minor positive US CPI print encouraged investors last Tuesday to add to pivot Read more…
The previous week marked a significant shift in market sentiment regarding Federal Reserve (Fed) rate hike expectations. The latest Consumer Price Index (CPI) update revealed a slower-than-anticipated inflation rate in the US, coupled with politicians Read more…
Market movers today The main focus this week will be on FOMC minutes Tuesday, Riksbank meeting and Euro PMIs on Thursday and US PMIs, German ifo and Japan CPI on Friday. Today we start out Read more…
Daily Pivots: (S1) 0.6473; (P) 0.6495; (R1) 0.6536; More… AUD/USD’s rise from 0.6269 resumes today by breaking through 0.6541 resistance. Intraday bias is back on the upside. Current development argues that whole decline from 0.7156 Read more…