Daily Pivots: (S1) 1.0616; (P) 1.0644; (R1) 1.0673; More… Intraday bias in EUR/USD is back on the downside as fall from 1.1274 resumed after brief consolidations. Sustained trading below 1.0609/34 cluster support will carry larger Read more…
Dollar is being the standout performer this week, bolstered significantly by surging US treasury yields. Dollar index, which gauges the greenback against a basket of six major currencies, reached a high not seen since the Read more…
This week’s decline of Yen against Dollar, which seems poised to breach 149 mark, has brought remarks from Japanese officials into sharp focus. Market participants are keen to decipher indications of when Japan might transition Read more…
Minneapolis Fed President Neel Kashkari said at an event overngiht that the strength of the economy might necessitate higher interest rates for an extended period. Kashkari commented, “If the economy is fundamentally much stronger than Read more…
Key Highlights GBP/USD extended losses and traded below 1.2250. A major bearish trend line is forming with resistance near 1.2340 on the 4-hour chart. EUR/USD broke the 1.0620 support and is still at risk of Read more…
EURCAD broke support level 1.4290 Likely to fall to support level 1.4200 EURCAD today broke below the key support level 1.4290 (which has been reversing the price from the start of January as can be Read more…
Gold reversed from key resistance level 1950.00 Likely to fall to support level 1900.00 Gold recently reversed down from the key resistance level 1950.00 (top of wave I from the start of this month) intersecting Read more…
30-year Treasury yield rose 12bps to 4.645% vs 15.19% which was the peak at 1981. Bloomberg dollar index has best rally in three weeks, which is also highest level since December BOJ Governor Ueda stands Read more…
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