The US dollar tanked after wage growth was slower than expected in December. The pair previously came under pressure near last June’s highs around 1.0750. A double top at 1.0710 capped the euro’s advance and Read more…
Daily Pivots: (S1) 159.03; (P) 159.52; (R1) 160.33; More… Intraday bias in GBP/JPY remains neutral for the moment. On the downside, break of 155.33 will resume the fall from 172.11 to 153.70 fibonacci level. Nevertheless, Read more…
Daily Pivots: (S1) 140.11; (P) 140.78; (R1) 141.32; More…. Intraday bias in EUR/JPY remains neutral for the moment. On the downside, break of 137.37 will resume the decline from 148.38 to 135.40 fibonacci level. However, Read more…
Daily Pivots: (S1) 0.8774; (P) 0.8822; (R1) 0.8847; More… Intraday bias in EUR/GBP stays neutral for the moment. Further rally is expected as long as 55 day EMA (now at 0.8724) holds. Break of 0.8876 Read more…
Daily Pivots: (S1) 1.5420; (P) 1.5516; (R1) 1.5573; More… EUR/AUD’s fall from 1.5976 resumed by breaking through 1.5414. Intraday bias is back on the downside for 38.2% retracement of 1.4281 to 1.5976 at 1.5329. Strong Read more…
Daily Pivots: (S1) 1.1924; (P) 1.2012; (R1) 1.2181; More… Intraday bias in GBP/USD remains mildly on the upside for the moment. Correction from 1.2445 could have completed after hitting 55 day EMA. Retest of 1.2445 Read more…
Daily Pivots: (S1) 0.9228; (P) 0.9319; (R1) 0.9368; More… Intraday bias in USD/CHF remains neutral for the moment. On the upside, break of 0.9407 will resume the rebound to 38.2% retracement of 1.0146 to 0.9199 Read more…
Daily Pivots: (S1) 131.14; (P) 132.96; (R1) 133.92; More… Intraday bias in USD/JPY remains neutral for the moment. On the upside, firm break of 134.49 should confirm short term bottoming, and bring stronger rise to Read more…
Daily Pivots: (S1) 1.3365; (P) 1.3515; (R1) 1.3596; More…. USD/CAD drops further today and intraday bias stays on the downside. For now, price actions from there are still more likely corrective than not. Hence, while Read more…
Markets It was not about the December US payrolls report last Friday, but about the non-manufacturing ISM. The post-payrolls reaction – zooming in on slightly disappointing wage growth rather than on all other strong employment Read more…