Gold extends steep rally and hit three-month high in early Friday, strongly supported by growing demand for safe haven on overheated situation in the Middle East, which threatens to escalate into possible broader regional crisis Read more…
AUD/USD declined below the 0.6355 and 0.6330 support levels. NZD/USD is also moving lower and might trade below the 0.5800 zone. Important Takeaways for AUD/USD and NZD/USD Analysis Today The Aussie Dollar started a fresh Read more…
USDCAD attempts to completely erase its latest pullback On track to test the 6-month peak of 1.3784 Momentum indicators are heavily tilted to the bullish side USDCAD had been in a steady advance since late September, posting Read more…
Daily Pivots: (S1) 181.21; (P) 181.86; (R1) 182.55; More… Intraday bias in GBP/JPY remains neutral and further rise is in favor with 181.00 support intact. The favored case is still that correction from 186.75 has Read more…
Daily Pivots: (S1) 157.81; (P) 158.38; (R1) 159.07; More…. EUR/JPY’s rise from 154.32 resumed by breaking 158.60 and intraday bias is back on the upside. Further rally should be seen to retest 159.75 next. Decisive Read more…
Daily Pivots: (S1) 0.8685; (P) 0.8702; (R1) 0.8731; More…. Intraday bias in EUR/GBP stays on the upside as rise from 0.8491 is extending. next target is 61.8% projection of 0.8491 to 0.8704 from 0.8614 at Read more…
Daily Pivots: (S1) 1.6641; (P) 1.6691; (R1) 1.6770; More… Intraday bias in EUR/AUD stays on the upside as rise from 1.6319 is in progress. Further rally should be seen to retest 1.7062 high next. On Read more…
Daily Pivots: (S1) 0.9413; (P) 0.9449; (R1) 0.9470; More… Intraday bias in EUR/CHF stays on the downside at this point. Current decline from 1.0095 is in progress for 0.9407 medium term bottom. Decisive break there Read more…
BoE Governor Andrew Bailey, in an interview with Belfast Telegraph, expressed that he “wasn’t surprised” by the latest inflation report released on Wednesday. This report showcased consumer prices having ascended by 6.7% compared to the Read more…
Markets Fed chair Powell yesterday walked the path his colleagues had paved for him. In his widely anticipated speech at the Economic Club of New York, Powell said the recent rise in especially long‐term bond Read more…