Daily Pivots: (S1) 0.9313; (P) 0.9497; (R1) 0.9597; More… Intraday bias in USD/CHF stays on the downside at this point. Further fall should be seen to 0.9369 support, and then 0.9287 fibonacci level. On the Read more…
Daily Pivots: (S1) 137.34; (P) 139.91; (R1) 141.35; More… Intraday bias in USD/JPY stays on the downside at this point. Deeper fall would be seen to 161.8% projection of 151.93 to 145.53 from 146.78 at Read more…
Daily Pivots: (S1) 1.3206; (P) 1.3283; (R1) 1.3331; More…. Intraday bias in USD/CAD stays on the downside as fall form 1.3976 is in progress. Strong support should be seen from 1.3207 cluster support (61.8% retracement Read more…
USD/JPY: The current general bias for USDJPY on the H4 chart is bearish. To add confluence to this, the price is below the Ichimoku cloud which indicates a bearish market. Towards the end of last Read more…
Daily Pivots: (S1) 0.6618; (P) 0.6667; (R1) 0.6757; More… AUD/USD retreats mildly today, but intraday bias stays on the upside. Current rise from 0.6169 would target 161.8% projection of 0.6169 to 0.6521 from 0.6271 at Read more…
Dollar recovers mildly in quiet trading in Asia, digesting some of last week’s losses. Yen and Canadian Dollar are following the greenback, while Swiss Franc leads Europeans lower. But overall, major pairs and crosses are Read more…
Fed Governor Christopher Waller said over the weekend, “we’re at a point we can start thinking maybe of going to a slower pace,” but “we’re not softening”. “Quit paying attention to the pace and start Read more…
BoJ Governor Haruhiko Kuroda said in a speech that Japan’s situation “differs” from both the US and the Eurozone. The country is still “on its way to recovery”. Output gap has “remained in negative territory”, Read more…
Despite the UK economy contracting by less than expected in Q3, investors continued to scale back their BoE rate-hike bets. However, they may have to reexamine those bets next week, as the economic agenda includes Read more…
Key Highlights EUR/USD started a steady increase above the 1.0200 resistance. It broke many hurdles near 1.0100 and 1.0200 on the 4-hours chart. USD/JPY declined heavily below the 142.50 support zone. Gold price rallied above Read more…