Daily Pivots: (S1) 0.7003; (P) 0.7035; (R1) 0.7087; More… AUD/USD recovered after dipping to 0.6982 and intraday bias is turned neutral first. Risk stays mildly on the downside as long as 0.7141 resistance holds. Below Read more…
Daily Pivots: (S1) 1.0818; (P) 1.0846; (R1) 1.0891; More… Intraday bias in EUR/USD remains neutral as sideway trading continues in very tight range. With 1.0765 support intact, further rally remains in favor. On the upside, Read more…
Daily Pivots: (S1) 1.2278; (P) 1.2325; (R1) 1.2365; More… Intraday bias in GBP/USD remains neutral at this point as range trading continues. On the downside, firm break of 1.2252 minor support will turn bias to Read more…
Daily Pivots: (S1) 129.73; (P) 130.13; (R1) 130.51; More… Intraday bias in USD/JPY remains neutral for the moment as range trading continues. On the downside, break of 127.20 will resume the whole decline from 151.93 Read more…
USDJPY has been moving sideways over the last week, holding within the 61.8% Fibonacci retracement level of the upward wave from 114.64 to 151.93 at 128.70 and the 131.20 resistance level. The pair exited from Read more…
The FTSE 100 treads water ahead of major central bank decisions. The RSI’s double top in the overbought zone is a sign of overextension and the index needs to consolidate after reclaiming last year’s top Read more…
The New Zealand dollar dips as the Q4 unemployment rate disappoints. The pair has been grinding the recent of 0.6530 without success and a break below 0.6440 may prompt some bulls to look for the Read more…
The Canadian dollar recouped losses after November’s GDP beat expectations. On the daily chart, the pair is still in a flag consolidation. A break above the previous resistance of 1.3400 eased some pressure but was Read more…
Markets The build-up to a Fed decision usually brings lackluster trading. This time around, things might be different. For starters because of the January EMU CPI release. Spanish and Belgian data on Monday triggered a Read more…
Weak economic data ran to the rescue of the equity bulls on Tuesday. The Federal Reserve (Fed) President Jerome Powell will be thrown to the spotlight today, to potentially shoot a couple of doves down Read more…