Daily Pivots: (S1) 1.2177; (P) 1.2236; (R1) 1.2314; More… GBP/USD’s rally from 1.1759 is in progress and intraday bias stays on the upside. Next target is 1.2405 resistance. Firm break there will target 1.2666 key Read more…
Daily Pivots: (S1) 0.9473; (P) 0.9505; (R1) 0.9528; More… Focus stays on 0.9471 resistance turned support in USD/CHF. Strong support should be seen there to bring rebound. On the upside, above 0.9598 minor resistance will Read more…
Daily Pivots: (S1) 130.96; (P) 132.26; (R1) 132.92; More… USD/JPY’s decline from 139.37 is still in progress and intraday bias stays on the downside. Further fall would be seen towards 126.35 support. But strong support Read more…
Daily Pivots: (S1) 1.2786; (P) 1.2821; (R1) 1.2874; More… USD/CAD recovered after dipping to 1.2766 and intraday bias is turned neutral first. Further decline is mildly in favor with 1.2945 minor resistance intact. Below 1.2766 Read more…
Short Term Elliott Wave view in AUDJPY suggests cycle from 6/8/2022 peak looks incomplete and can see further downside. Decline from 6/8/2022 peak is unfolding as a double three Elliott Wave structure. Down from there, Read more…
Daily Pivots: (S1) 0.6982; (P) 0.7014; (R1) 0.7060; More… AUD/USD edged higher to 0.7045 but quickly retreated again. Intraday bias stays neutral for the moment. On the upside, break of 0.7045 will resume the rebound Read more…
Yen’s strong rally continues in Asian session today, with help from risk-off sentiment as well as extended decline in US benchmark yields. Stocks are trading lower while investors are cautiously waiting for any concrete action Read more…
AUD/JPY’s decline continues today after RBA delivered the 50bps rate hike as expected, and turned a bit cautious about the policy normalization path ahead. Of course, Yen’s persistent, broad-based rally elsewhere is a factor pressing Read more…
RBA raises the cash rate target by 50bps to 1.85% as widely expected. It also maintains hawkish bias, and noted, “the Board expects to take further steps in the process of normalising monetary conditions over Read more…
At its meeting today, the Board decided to increase the cash rate target by 50 basis points to 1.85 per cent. It also increased the interest rate on Exchange Settlement balances by 50 basis points Read more…