Daily Pivots: (S1) 144.06; (P) 144.67; (R1) 145.17; More… No change in USD/JPY’s outlook as range trading continues. Intraday bias stays neutral for the moment. Further rally is expected as long as 139.37 resistance turned Read more…
Daily Pivots: (S1) 0.9855; (P) 0.9903; (R1) 0.9972; More… USD/CHF retreated ahead of 0.9964 resistance as range trading continues. Intraday bias remains neutral first. Further rally is in favor as long as 0.9694 support holds. Read more…
Daily Pivots: (S1) 1.1159; (P) 1.1247; (R1) 1.1408; More… Intraday bias in GBP/USD remains on the upside as rise from 1.0351 short term bottom is in progress. Further rally would be seen to 61.8% retracement Read more…
Daily Pivots: (S1) 0.9770; (P) 0.9808; (R1) 0.9862; More… With break of 0.9863 support turned resistance, intraday bias in EUR/USD is back on the upside for 55 day EMA (now at 1.0033). Considering bullish convergence Read more…
European majors are trading generally higher today, as led by Euro this time. In particular, Euro looks set to reclaim parity against Dollar with current rebound. On the other hand, commodity currencies are trading lower Read more…
ECB Governing Council member Francois Villeroy de Galhau said in a Dutch newspaper NRC interview, “we will raise interest rates as much as necessary to bring core inflation down.” Villeroy added that ECB should continue raising Read more…
European markets flashed green on Tuesday, building on the previous session’s strong start to the final quarter of the year, as weakening US economic data raised hopes of a less aggressive stance by the Fed Read more…
Stocks rise as investors look to extend October’s rally to a second day after September’s steep rout and ahead of Friday’s critical non-farm payrolls report. Stock futures were firmly higher on Tuesday after posting a Read more…
The precious metals have shone again in the last seven days. Gold has gained over 5% in that time, while Silver gained 18% from last Wednesday’s low, including yesterday’s 8% surge. Such a powerful uptrend Read more…
Stock markets recovered earlier losses on Monday and are adding to that in early trade on Tuesday, with Asia also posting strong gains. The turnaround in risk appetite appears to have been driven by another Read more…