Daily Pivots: (S1) 1.1100; (P) 1.1233; (R1) 1.1314; More… Intraday bias in GBP/USD remains neutral for the moment. On the upside, break of 1.1494 will resume the rise from 1.0351 to 61.8% projection of 1.0351 Read more…
Daily Pivots: (S1) 0.9993; (P) 1.0029; (R1) 1.0094; More… Intraday bias in USD/CHF remains neutral for the moment. On the upside, break of 1.0072, and sustained trading above 1.0063, will confirm larger up trend resumption. Read more…
Daily Pivots: (S1) 147.59; (P) 148.23; (R1) 149.39; More… Intraday bias in USD/JPY stays on the upside for the moment. Current up trend would target 61.8% projection of 130.38 to 140.33 from 145.89 at 149.91. Read more…
Daily Pivots: (S1) 0.6206; (P) 0.6261; (R1) 0.6352; More… Intraday bias in AUD/USD remains neutral for the moment. Further decline is expected as long as 0.6362 support turned resistance holds. Firm break of 100% projection Read more…
The forex markets are rather steady in quiet Asian session today. Dollar is paring some gains while Euro and Yen are soft too. Sterling is leading the way higher, followed by commodity currencies. But overall, Read more…
USD/JPY: The current general bias for USDJPY on the H4 chart is bullish. To add to this bias, the price is currently trading above the Ichimoku cloud, indicating a bullish market. Price has maintained its Read more…
New Zealand BusinessNZ Performance of Services Index dropped from 58.6 to 55.8 in September. Looking at some details, activity/sales dropped from 67.5 to 59.2. Employment ticked down from 50.7 to 50.5. New orders/business dropped from Read more…
There is no clear sign of intervention by Japan so far, as USD/JPY is trading in tight range close to 32-yr high. Finance Minister Shunichi Suzuki just said, “if we see excessive volatility caused by Read more…
BoE Governor Andrew Bailey indicated that a larger rate hike could be delivered at the upcoming meeting in November. He said, “we will not hesitate to raise interest rates to meet the inflation target… And, Read more…
Key Highlights EUR/USD failed to recover above 1.0000 and started a fresh decline. A key bearish trend line is forming with resistance near 0.9850 on the 4-hours chart. Gold and oil are showing signs of Read more…