Daily Pivots: (S1) 0.9461; (P) 0.9488; (R1) 0.9522; More… Intraday bias in USD/CHF remains neutral for the moment. Recovery from 0.9369 should be limited well below 0.9648 resistance to bring another fall. On the downside, Read more…
Daily Pivots: (S1) 134.15; (P) 134.83; (R1) 135.74; More… Range trading continues in USD/JPY and intraday bias stays neutral first. Overall, corrective pattern from 139.37 will extend further. On the upside, above 135.57 will resume Read more…
Daily Pivots: (S1) 1.2850; (P) 1.2893; (R1) 1.2959; More… Intraday bias in USD/CAD stays neutral first. On the upside, firm break of 1.2984 resistance will argue that corrective fall from 1.3222 has completed with three Read more…
Markets Since the beginning of the year up until mid-June, investors turned a blind eye to growth risks, focusing solely on inflation developments and changing reaction functions of central banks (normalization/tightening). This resulted in an Read more…
Gold consolidates as FOMC minutes hint at a slower pace of rate hikes. The price has met stiff pressure at the support-turned-resistance (1805), which lies at the origin of the July sell-off. A fall below Read more…
The pound softens as a 40-year high inflation rate could threaten Britain’s economic growth. After failing to hold above 0.8420, the euro has retreated to the start of the previous bullish breakout. 0.8380 is a Read more…
The New Zealand dollar weakened despite a 50bp hike by the RBNZ as risk sentiment fades. The pair hit resistance at 0.6460 and has given up most of its recent gains. A drop below 0.6300 Read more…
Daily Pivots: (S1) 0.6889; (P) 0.6959; (R1) 0.7008; More… AUD/USD’s fall from 0.7135 is still in progress and intraday bias stays mildly on the downside for 0.6868 support. Firm break there argue that whole rebound Read more…
Dollar is on the strong side in quiet trading in Asia, together with Yen and Swiss Franc. But the greenback is just staying in familiar range against. On the other hand, Euro and Sterling are Read more…
Australia employment contracted -40.9k in July, much worse than expectation of 25.0k growth. Full time jobs decreased by 86.9k while part time jobs rose 46k. Unemployment rate dropped from 3.5% to 3.4%. Participation rate dropped Read more…