Daily Pivots: (S1) 1.1003; (P) 1.1073; (R1) 1.1127; More… Break of 1.1023 minor support argues that GBP/USD’s rebound from 1.0351 has completed at 1.1494. Intraday bias is back on the downside for retesting 1.0351 low. Read more…
Daily Pivots: (S1) 0.9951; (P) 0.9981; (R1) 0.0030; More… USD/JPY’s rally resumed with break of 0.9964 resistance. Intraday bias is back on the upside for 1.0063 high first. Decisive break there will resume larger up Read more…
Daily Pivots: (S1) 145.30; (P) 145.55; (R1) 145.97; More… USD/JPY is still limited by 145.89 resistance and intraday bias stays neutral. Overall, further rally is expected as long as 139.37 resistance turned support holds. Break Read more…
Daily Pivots: (S1) 0.5928; (P) 0.6648; (R1) 0.7020; More… Intraday bias in AUD/USD remains on the downside for the moment. Current down trend should target 100% projection of 0.7660 to 0.6680 from 0.7135 at 0.6155 Read more…
Risk sentiment is morose this week with the escalating tensions in Ukraine, rising Covid cases in China, mounting tensions between US and China, the selloff in US and other treasuries, the relentless appreciation in the Read more…
Market movers today IMF will publish new forecasts today and will almost certainly revise lower global growth. But it will be interesting to see by how much. Their call on inflation developments will also be Read more…
USD/JPY: Looking at the H4 chart, the current overall bias for USDJPY is bullish . To add confluence to this bias, the price is currently above the Ichimoku cloud which indicates a bullish market. Overnight, Read more…
UK payrolled employment rose 69k in September, or 0.2% mom, to 29.7m. Total growth over the 12-month period was 714k. Median monthly pay rose 6.3% yoy to GBP 2131. In the three-month period to August, Read more…
Daily Pivots: (S1) 1.3728; (P) 1.3756; (R1) 1.3808; More… USD/CAD’s rally resumed by breaking 1.3832 and intraday bias is back on the upside. Current up trend should target 161.8% projection of 1.2005 to 1.2947 from Read more…
Dollar extends its near term rally in Asian session, with support from risk-off sentiment, while US 10-year yield is flirting with 4% handle. Yen is also firm, and has the potential to overwhelm the greenback Read more…