Another hawkish speech from the Federal Reserve (Fed) Chair Jerome Powell turned into a risk rally yesterday. Equities gained, and the bond yields fell. Yet, yesterday’s speech from the Fed Chair Powell was hawkish. He Read more…
Market movers today Three voting FOMC members are scheduled to speak today starting with John Williams at 15:15 CET at a Wall Street Journal event, followed by Kashkari and Waller in the evening. Also Bostic Read more…
USD/JPY: Looking at the H4 chart, my overall bias for USDJPY is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect the price Read more…
Daily Pivots: (S1) 157.05; (P) 158.32; (R1) 159.19; More… Intraday bias in GBP/JPY stays neutral and outlook is unchanged. On the downside, break of 155.33 low will resume the fall form 172.11 to 153.70 fibonacci Read more…
Daily Pivots: (S1) 139.83; (P) 141.08; (R1) 141.88; More…. Outlook in EUR/JPY remains unchanged and intraday bias stays neutral. On the upside, decisive break of 142.84 will argue that the correction from 148.38 has completed Read more…
Daily Pivots: (S1) 0.8888; (P) 0.8914; (R1) 0.8931; More… Intraday bias in EUR/GBP remains neutral at this point. Outlook stays bullish as long as 0.8270 support holds. On the upside, break of 0.8977 will resume Read more…
Daily Pivots: (S1) 1.5344; (P) 1.5465; (R1) 1.5537; More… Intraday bias in EUR/AUD is back on the downside with break of 4 hour 55 EMA. Deeper fall would be seen back to retest 1.5254/71. Firm Read more…
Daily Pivots: (S1) 0.9855; (P) 0.9907; (R1) 0.9941; More…. EUR/CHF dips to as low as 0.9870 as corrective pattern from 1.0095 extends. Deeper fall could still be seen but downside should be contained by 38.2% Read more…
Daily Pivots: (S1) 1.3362; (P) 1.3416; (R1) 1.3451; More…. Intraday bias in USD/CAD remains neutral at this point. While the choppy fall from 1.3704 might still extend lower, strong support is expected to 1.3224 key Read more…
Daily Pivots: (S1) 0.6898; (P) 0.6943; (R1) 0.7004; More… Intraday bias in AUD/USD remains neutral for the moment. Correction from 0.7156 could still extend lower. But downside should be contained by 38.2% retracement of 0.6169 Read more…