Daily Pivots: (S1) 169.11; (P) 169.87; (R1) 171.05; More… Intraday bias in GBP/JPY remains neutral for the moment, and further rally is in favor. On the upside, break of 172.30 will resume larger up trend Read more…
Daily Pivots: (S1) 1.3316; (P) 1.3430; (R1) 1.3489; More…. Intraday bias in USD/CAD remains on the downside for 1.3299 support first. Firm break there will extend the corrective pattern from 1.3976 lower to 100% projection Read more…
Daily Pivots: (S1) 0.6653; (P) 0.6680; (R1) 0.6719; More… AUD/USD’s rebound from 0.6572 extends higher today, but stays below 0.6804 resistance. Intraday bias remains neutral at this point. Near term outlook also stays bearish as Read more…
Key Highlights EUR/USD is facing strong resistance near 1.1090. A key bullish trend line is forming with support at 1.0975 on the 4-hour chart. GBP/USD climbed further above the 1.2620 resistance. Gold price corrected gains Read more…
Australia NAB Business Confidence index rose from -1 to 0 in April, while Business Conditions slipped from 16 to 14. A closer look at the details reveals that trading conditions declined from 24 to 20, Read more…
Minutes of BoJ’s meeting on March 9 and 10 show a continued commitment to monetary easing, with the aim of achieving price stability in a sustainable and stable manner, accompanied by wage increases. Neverthelesse, a Read more…
Risk-on, risk-off, and then risk-on. It’s a roller-coaster ride for investors last week,with a slew of heavy-weight events. In the end, commodity currencies ended as the best performers, with support from rebound in sentiment. Canadian Read more…
Risk-on, risk-off, and then risk-on. It’s a roller-coaster ride for investors last week,with a slew of heavy-weight events. In the end, commodity currencies ended as the best performers, with support from rebound in sentiment. Canadian Read more…