The Dow Jones 30 inches higher as investors await the Fed’s policy meeting. A short squeeze above the September high at 32600 has put the bears on the defensive. Heightened volatility shows that wrong-footed traders Read more…
Silver slips as the dollar index recoups recent losses. The price has stabilised over the daily support and psychological level of 18.00. A series of higher highs led sellers to cover their positions. The market Read more…
The euro retreats over muted GDP growth in the eurozone. The price action is hovering around parity in an attempt to hold onto its recent gains, a sign of the bulls’ strong attachment to this Read more…
Daily Pivots: (S1) 169.91; (P) 171.02; (R1) 171.70; More… GBP/JPY retreated after hitting 172.11 and intraday bias is turned neutral first. Downside of retreat should be contained above 164.95 support to bring another rally. Break Read more…
Daily Pivots: (S1) 146.55; (P) 147.16; (R1) 147.60; More…. Intraday bias in EUR/JPY stays neutral as consolidation from 148.38 is extending. In case of another fall, downside should be contained 140.88/144.06 support zone to bring Read more…
Daily Pivots: (S1) 0.8585; (P) 0.8606; (R1) 0.8638; More… EUR/GBP is losing downside momentum but further decline is expected with 0.8779 resistance intact. Current decline from 0.9267 should target 0.8201/8388 support zone. However, break of Read more…
ECB President Christine Lagarde said in an interview, “Inflation is still far too high in the euro area as a whole… Higher energy and food prices are still the main drivers of price increases. We Read more…
Daily Pivots: (S1) 0.9930; (P) 0.9964; (R1) 1.0001; More… EUR/USD is staying above 0.9847 minor support and intraday bias remain neutrals first. Further rise is in favor as long as 0.9847 minor support holds. Break Read more…
Daily Pivots: (S1) 1.1414; (P) 1.1514; (R1) 1.1567; More… Intraday bias in GBP/USD remains neutral as consolidation from 1.1664 is extending. Further rise is expected as long as 1.1256 minor support holds. On the upside, Read more…
Daily Pivots: (S1) 0.9972; (P) 1.0003; (R1) 1.0047; More… USD/CHF retreated after touching 1.0030 minor resistance and intraday bias stays neutral first. On the upside, break of 1.0030 minor resistance will suggest that pull back Read more…