The US dollar rallied after Powell reaffirmed that the Fed would raise rates as high as needed. A rally above the daily resistance at 0.9640 has flushed out short-term sellers. This could be the start Read more…
Investors are again deserting the cryptocurrency market, a trend that is likely to continue for some time. It’s like the chorus of a song. The cryptocurrency market is depressed again. Prices begin to fall again Read more…
Daily Pivots: (S1) 0.6852; (P) 0.6930; (R1) 0.6972; More… AUD/USD’s fall from 0.7135 resumed by breaking through 0.6855 temporary low, and intraday bias is back on the downside. As noted before, corrective rebound from 0.6680 Read more…
Daily Pivots: (S1) 1.2947; (P) 1.2996; (R1) 1.3086; More… Intraday bias in USD/CAD is back on the upside with break of 1.3063 temporary top. As noted before, corrective decline from 1.3222 could have completed with Read more…
Daily Pivots: (S1) 0.9911; (P) 1.0000; (R1) 1.0053; More… Intraday bias in EUR/USD remains neutral and outlook stays bearish with 1.0121 minor resistance intact. Break of 0.9899 will resume larger down trend to 61.8% projection Read more…
Daily Pivots: (S1) 1.1682; (P) 1.1791; (R1) 1.1849; More… GBP/USD’s down trend resumed by breaking through 1.1716 temporary low. Intraday bias is back on the downside. Current decline should target 1.1409 long term support. On Read more…
Daily Pivots: (S1) 0.9602; (P) 0.9636; (R1) 0.9694; More… USD/CHF’s rise from 0.9369 resumed after brief retreat and intraday bias is back on the upside. Outlook is unchanged that triangle correction from 1.0063 could have Read more…
EUR/USD: The Global Economy Is in Danger Again So, EUR/USD broke through the key support level formed in 2016. It fixed a low at 0.9899 on Tuesday, August 23, the low the pair traded 20 Read more…
Daily Pivots: (S1) 136.67; (P) 137.12; (R1) 137.96; More… USD/JPY’s rise resumes by breaking through 137.70 and intraday bias is back on the upside for 139.37 high. Strong resistance could be seen there to limit Read more…
Dollar rises broadly in Asian session, extending the post-Powell rally. Risk-off sentiment is a factor giving the greenback another boost. At the same time, 10-year yield is back above 3.1% in Asia, giving Dollar another Read more…