Daily Pivots: (S1) 1.0730; (P) 1.0753; (R1) 1.0780; More… Intraday bias in EUR/USD remains on the upside despite some loss of upside momentum. Current rally from 0.9534 would target 61.8% projection of 0.9630 to 1.0733 Read more…
At this point so far, Euro is the strongest one for the week, while Swiss Franc is the weakest, thanks to the upside breakout and rally yesterday. Dollar is more on the soft side too Read more…
On January 12, the Bureau of Statistics will publish the figures for the Consumer Price Index (CPI), a key index for determining interest rates. While we await the release, experts forecast a decline in the Read more…
USD/JPY: Looking at the H4 chart, my overall bias for USDJPY is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect the price Read more…
Key Highlights Crude oil price started a decent increase from the $72.50 zone. A key bullish trend line is forming with support near $75.20 on the 4-hours chart. Gold price is still struggling to clear Read more…
Boston Fed President Susan Collins said in a New York Times interview that “25 or 50 would be reasonable ” for rate hike in February. She added, “I’d lean at this stage to 25, but Read more…
ECB Governing Council member Pablo Hernandez De Cos said yesterday, “we plan to continue increasing interest rates significantly in the next meetings.” Also, tightening will continue “until reaching sufficiently restrictive levels to ensure that the Read more…
During the Asian time zone earlier today, Australia released stronger economic data that gave a lift to AUD/NZD. The new monthly CPI indicator for November showed that inflation increased from 6.9% in November to 7.3% Read more…
Copper is often referred to as “Dr. Copper” because it is used to gauge the health of the global economy. If the price of copper is moving higher, the world economy is thought to be Read more…
USDCHF rising inside impulse wave 1 Likely to reach resistance level 0.9400 USDCHF continues to rise inside the active impulse wave 1, which previously started from the powerful support level 0.9220 (which has been reversing Read more…