Daily Pivots: (S1) 0.8960; (P) 0.9010; (R1) 0.9044; More… Intraday bias in USD/CHF remains neutral for the moment. Rebound from 0.8818 short term bottom is expected to continue as long as 0.8918 minor support holds. Read more…
Daily Pivots: (S1) 1.3470; (P) 1.3496; (R1) 1.3524; More…. Intraday bias in USD/CAD remains neutral as range trading continues. Overall, the pair is seen as extending the triangle consolidation pattern from 1.3976. Above 1.3566 will Read more…
Key Highlights EUR/USD started a fresh decline from well above 1.1050. A key bearish trend line is forming with resistance near 1.0840 on the 4-hour chart. GBP/USD is consolidating losses below the 1.2500 resistance. USD/JPY Read more…
NZIER disclosed that its RBNZ Shadow Board is in disagreement over whether RBNZ should raise OCR the Official Cash Rate (OCR) this week. A “large number” of the Shadow Board members viewed a 25bps to Read more…
EUR/USD: Why the Dollar Continues to Rise We titled our last week’s review “Why the Dollar Rose” and detailed the reasons for the strengthening of the American currency. It’s fitting to name today’s fresh review Read more…
EUR/USD: Why the Dollar Continues to Rise We titled our last week’s review “Why the Dollar Rose” and detailed the reasons for the strengthening of the American currency. It’s fitting to name today’s fresh review Read more…
EUR/USD: Why the Dollar Continues to Rise We titled our last week’s review “Why the Dollar Rose” and detailed the reasons for the strengthening of the American currency. It’s fitting to name today’s fresh review Read more…