Daily Pivots: (S1) 1.4720; (P) 1.4761; (R1) 1.4825; More… EUR/AUD’s rebound from 1.4281 extends higher today and intraday bias is back on the upside. Stronger rally would be seen back towards 1.5396 resistance. On the Read more…
Daily Pivots: (S1) 0.9738; (P) 0.9760; (R1) 0.9790; More…. Intraday bias in EUR/CHF remains neutral and outlook is unchanged. Corrective rise from 0.9550 might still extend higher. But upside should be limited by 38.2% retracement Read more…
Daily Pivots: (S1) 1.3084; (P) 1.3147; (R1) 1.3182; More… Intraday bias in USD/CAD remains neutral as range trading continues. But further rally is still in favor with 1.2971 support intact. On the upside, decisive break Read more…
Daily Pivots: (S1) 0.6722; (P) 0.6746; (R1) 0.6793; More… Intraday bias in AUD/USD stays on the downside for 0.6680 low. Decisive break there will resume larger down trend. Next target is long term fibonacci level Read more…
Daily Pivots: (S1) 142.63; (P) 143.81; (R1) 144.94; More… Intraday bias in USD/JPY stays on the upside at this point. Further rally would be seen to 147.68 long term resistance. Break there will target 161.8% Read more…
Daily Pivots: (S1) 0.9726; (P) 0.9798; (R1) 0.9836; More… Intraday bias in USD/CHF is turned neutral first but further rally is expected as long as 0.9691 support holds. On the upside, break of 0.9884 resistance Read more…
Daily Pivots: (S1) 1.1449; (P) 1.1494; (R1) 1.1583; More… GBP/USD recovered after hitting 1.1409 long term support, and intraday bias is turned neutral first. Further decline is in favor as long as 1.1608 minor resistance Read more…
Daily Pivots: (S1) 0.9918; (P) 0.9965; (R1) 1.0053; More… EUR/USD recovers notably, but stays below 1.0078 resistance. Intraday bias remains neutral and further decline is expected. Decisive break of 61.8% projection of 1.0773 to 0.9951 Read more…
RBA Governor Philip Lowe reiterated in a speech that “further increases in interest rates will be required over the months ahead”. But policy is “not on a pre-sent path” due to uncertainties. Also, “all else Read more…
Fed Vice Chair Lael Brainard said yesterday that “monetary policy will need to be restrictive for some time to provide confidence that inflation is moving down” to 2% target. She added Fed will need “several months Read more…