Daily Pivots: (S1) 1.5385; (P) 1.5542; (R1) 1.5666; More… Intraday bias in EUR/AUD is turned neutral first, as it recovered after dipping to 1.5414. On the downside, below 1.5414 will extend the fall form 1.5976 Read more…
Daily Pivots: (S1) 0.9841; (P) 0.9873; (R1) 0.9905; More…. EUR/CHF is still extending the consolidation pattern from 0.9953 and intraday bias remains neutral. On the upside, firm break of 0.9953 resistance will resume larger rally Read more…
Daily Pivots: (S1) 138.80; (P) 139.78; (R1) 141.68; More…. Intraday bias in EUR/JPY is turned neutral first with current recovery. Outlook stays bearish as long as 142.92 resistance holds. Break of 137.37 will resume the Read more…
Daily Pivots: (S1) 157.61; (P) 158.89; (R1) 161.28; More… Intraday bias in GBP/JPY is turned neutral first with current recovery. Further decline is still expected as long as 162.32 resistance holds. Break of 155.33 will Read more…
Overall, the movements in the markets remain indecisive. Yen is staying soft after reversing all of earlier gains in the week, but holds above near term support levels. Dollar is stuck in familiar range against Read more…
USD/JPY: Looking at the H4 chart, my overall bias for USDJPY is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to Read more…
China Caixin PMI Services rose from 46.7 to 48.0 in December, above expectation of 47.5. PMI Composite rose from 47.0 to 48.3, pointing to contraction in business activity for the fourth straight month. Wang Zhe, Read more…
In the minutes of the December FOMC meeting, the participants agreed that inflation was “unacceptably high”. They “concurred” that inflation data showed “welcome reductions in the monthly pace of price increases”, but “stressed that it Read more…
December 13–14, 2022 A joint meeting of the Federal Open Market Committee and the Board of Governors of the Federal Reserve System was held in the offices of the Board of Governors on Tuesday, December Read more…
Key Highlights Gold price started a fresh increase above the $1,825 resistance. A connecting bullish trend line is forming with support near $1,835 on the 4-hours chart. EUR/USD might attempt a fresh increase above the Read more…