The US dollar consolidates over growing expectations of a slower pace of tightening by the Fed. On the daily chart, the greenback is above the 30-day moving average and may continue to attract trend followers. Read more…
Jay Powell will probably hammer the dovish hopes, and the latest risk rally when he speaks following the FOMC decision today. This is, at least, what the latest economic data from the US suggests. Last Read more…
Market movers today Today markets will zoom in on the FOMC meeting. It is too early to turn soft for the Fed, and we look for a 75bp hike and hawkish communication as further tightening Read more…
Daily Pivots: (S1) 169.47; (P) 170.22; (R1) 170.94; More… Intraday bias in GBP/JPY remains neutral for consolidation below 172.11. Downside of retreat should be contained above 164.95 support to bring another rally. Break of 172.11 Read more…
Daily Pivots: (S1) 145.87; (P) 146.49; (R1) 147.02; More…. EUR/JPY is extending the consolidation from 148.38 and intraday bias remains neutral. In case of deeper fall, downside should be contained 140.88/144.06 support zone to bring Read more…
Daily Pivots: (S1) 0.8590; (P) 0.8607; (R1) 0.8619; More… Near term outlook in EUR/GBP stays bearish with 0.8779 resistance intact. Current decline from 0.9267 should target 0.8201/8388 support zone. However, break of 0.8770 will turn Read more…
Daily Pivots: (S1) 1.5381; (P) 1.5435; (R1) 1.5503; More… Intraday bias in EUR/AUD stays neutral as consolidation from 1.5704 is in progress. Deeper decline cannot be ruled out. But downside should be contained by 55 Read more…
Daily Pivots: (S1) 0.9846; (P) 0.9884; (R1) 0.9916; More…. EUR/CHF is staying in consolidation from 0.9953 and intraday bias remains neutral. In case of deeper retreat, downside should be contained by 0.9798 support to bring Read more…
Daily Pivots: (S1) 1.3551; (P) 1.3610; (R1) 1.3689; More…. Intraday bias in USD/CAD stays neutral first. For now, further rally will remain in favor as long as 1.3501 support holds. On the upside, decisive break Read more…
Daily Pivots: (S1) 0.6359; (P) 0.6411; (R1) 0.6446; More… Intraday bias in AUD/USD stays neutral at this point. On the upside, decisive break of 0.6535 resistance, and sustained trading above 55 day EMA (now at Read more…