Daily Pivots: (S1) 1.2365; (P) 1.2405; (R1) 1.2469; More… Intraday bias in GBP/USD is turned neutral with current retreat. On the downside, break of 1.2205 minor support will indicate short term topping, bearish divergence condition Read more…
Daily Pivots: (S1) 0.9207; (P) 0.9253; (R1) 0.9290; More… USD/CHF continues to lose downside momentum, but there is no sign of bottoming yet. Intraday bias stays mildly on the downside for 61.8% projection of 1.0146 Read more…
Daily Pivots: (S1) 134.66; (P) 135.32; (R1) 136.13; More… Intraday bias in USD/JPY remains neutral first as range trading continues. On the downside, firm break of 133.61 support and 133.07 medium term fibonacci level will Read more…
Daily Pivots: (S1) 0.8576; (P) 0.8596; (R1) 0.8617; More… EUR/GBP’s break of 0.8674 resistance indicates short term bottoming at 0.8545. Intraday bias is back on the upside for 0.8827 resistance. Firm break there will argue Read more…
Daily Pivots: (S1) 1.5497; (P) 1.5550; (R1) 1.5619; More… EUR/AUD’s strong break of 1.5747 resistance confirms resumption of larger rally from 1.4281. Intraday bias is back on the upside. Next target is 61.8% projection of Read more…
EURCHF remained on the sidelines on Thursday following the ECB policy announcement, completing a symmetrical triangle below the 200-day simple moving average (SMA) at 0.9868. The formation occurred within a short distance above the 7½-year Read more…
Daily Pivots: (S1) 143.90; (P) 144.32; (R1) 145.17; More…. EUR/JPY’s rebound from 140.75 resumed after brief retreat and intraday bias is back on the upside. Outlook is unchanged that correction from 148.38 could have completed Read more…
Dollar rebounds broadly following risk-off sentiment as delayed reaction to Fed’s hawkish projections overnight. SNB, BoE and ECB met expectations with 50bps rate hike. Euro is strong as ECB maintains hawkish bias, with upward revision Read more…
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US retail sales dropped -0.6% mom to USD 689.4B in November, worse than expectation of -0.1% mom. Ex-auto sales dropped -0.2% mom to USD 562.9B, worse than expectation of 0.2% mom rise. Ex-gasoline sales dropped Read more…