The US dollar steadied after the Fed minutes showed some consideration to the recession risk. The rally gained momentum after the greenback cleared the peak at 145.80. The rising trendline confirms that the uptrend has Read more…
The Australian dollar struggles over downbeat inflation expectations. The downtrend accelerated after the aussie cut through the demand area around 0.6400. An oversold RSI caused a rebound as intraday traders started to take profit. Still, Read more…
Markets Daily changes in European and US interest rate markets were modest compared to what we got used to of late. US yields eased between 1.5 bps (2-y) and 5.25 bps (5-y). Investors clearly didn’t Read more…
Daily Pivots: (S1) 158.96; (P) 160.82; (R1) 161.90; More… Intraday bias in GBP/JPY stays neutral at this point. On the downside, below 159.41 minor support will turn bias back to the downside for 148.93 again. Read more…
Daily Pivots: (S1) 141.78; (P) 142.21; (R1) 142.98; More…. Intraday bias in EUR/JPY stays neutral at this point. On the downside, break of 140.77 minor support will turn bias back to the downside, to extend Read more…
Daily Pivots: (S1) 0.8693; (P) 0.8780; (R1) 0.8831; More… Intraday bias in EUR/GBP is turned neutral again as it retreated after edging higher to 0.8869. On the downside, break of 0.8723 minor support will turn Read more…
Daily Pivots: (S1) 1.5415; (P) 1.5477; (R1) 1.5526; More… Intraday bias in EUR/AUD is turned neutral with current retreat. Some consolidations could be seen but outlook will remain bullish as long as 1.5165 support holds. Read more…
Daily Pivots: (S1) 0.9653; (P) 0.9672; (R1) 0.9700; More…. Intraday bias in EUR/CHF stays neutral for the moment. On the upside, above 0.9798 will resume the rebound to 0.9864 resistance. Firm break there will solidify Read more…
Daily Pivots: (S1) 0.9669; (P) 0.9702; (R1) 0.9735; More… EUR/USD continues to lose downside momentum, but further fall is in favor with 0.9816 resistance intact. Deeper decline would be seen to retest 0.9534 low. Firm Read more…
Daily Pivots: (S1) 1.0971; (P) 1.1052; (R1) 1.1181; More… GBP/USD continues to lose downside momentum but further fall is still in favor with 1.1178 minor resistance intact. Fall from 1.1494 would target 1.0351 low. However, Read more…