Daily Pivots: (S1) 1.0616; (P) 1.0644; (R1) 1.0673; More… Intraday bias in EUR/USD remains neutral for the moment. On the downside, sustained break of 1.0609/34 cluster support will carry larger bearish implication. Fall from 1.1274 Read more…
Daily Pivots: (S1) 1.2213; (P) 1.2257; (R1) 1.2284; More… Intraday bias in GBP/USD remains on the downside for the moment. Current fall from 1.3141 is in progress for 1.2075 fibonacci level. On the upside, above Read more…
Daily Pivots: (S1) 147.77; (P) 148.10; (R1) 148.70; More… Intraday bias in USD/JPY is back on the upside a recent rally is trying to resume. Rise from 127.20 should target 151.93 high. However, firm break Read more…
Daily Pivots: (S1) 0.9044; (P) 0.9060; (R1) 0.9086; More…. Intraday bias in USD/CHF remains on the upside for the moment. Current rise from 0.8551 is in progress for 0.9146/60 cluster resistance. On the downside, break Read more…
Daily Pivots: (S1) 1.3441; (P) 1.3466; (R1) 1.3509; More…. Intraday bias in USD/CAD remains neutral as consolidation from 1.3378 is extending. Risk will stay on the downside as long as 1.3548 resistance holds. Break of Read more…
BoJ Governor Kazuo Ueda, in a speech today, delineated the two forces in play regarding Japan’s inflationary pressures: “The first force, led by import prices, has seen its year-on-year rate of increase decelerate,” and he Read more…
The week started on a cautious note as stocks in Asia mostly sold off following a rough week in the US, where the Federal Reserve’s (Fed) hawkish pause triggered a fresh wave of worries that Read more…
Market movers today This week starts off with thin calendar in terms of data releases. In Germany, we receive the Ifo indicator for September. The assessment of the current climate has declined continuously since March Read more…
DXY: The chart for DXY (US Dollar Index) currently exhibits a bearish overall momentum. In this context, there’s a potential scenario where the price could encounter a bearish reaction upon reaching the 1st resistance level Read more…
Daily Pivots: (S1) 0.6408; (P) 0.6437; (R1) 0.6469; More… AUD/USD is staying in consolidation from 0.6356 and outlook is unchanged. Intraday bias remains neutral at this point. Further decline is expected as long as 0.6520 Read more…