GBP/USD rises as the jobs market boom continues GBP/USD is extending its rebound from a 2-year low last week, heading towards 1.20 following UK jobs data. Unemployment held steady at 3.8%, defying forecasts of a Read more…
A sense of caution has taken hold of financial markets as investors adopt a guarded stance ahead of another week packed with key economic reports and risk events. Asian shares got no love this morning, Read more…
The internal structure of the USDCNH pair hints at the primary zigzag pattern Ⓐ-Ⓑ-Ⓒ, which in the long term forms a cycle correction IV. The correction model today looks completed in two parts out of Read more…
Cable keeps positive tone and attacks again pivotal 1.20 resistance zone (psychological / Fibo 38.2% of 1.2406/1.1760 bear-leg / trendline resistance), after Monday’s action spiked to 1.2033 but failed to sustain gains and closed below Read more…
Euro jumps broadly after Reuters reported that ECB policymakers will discuss whether to raise interest rate by 50bps this Thursday, as a option to the pre-committed 25bps hike. But ECB spokesperson declined to comment so Read more…
Daily Pivots: (S1) 164.16; (P) 165.13; (R1) 166.08; More… Intraday bias in GBP/JPY stays on the upside at this point. Consolidation from 168.67 should have completed with three waves to 160.37. Further rally should be Read more…
Daily Pivots: (S1) 139.42; (P) 140.11; (R1) 140.84; More…. Intraday bias in EUR/JPY remains on the upside at this point. Consolidation pattern from 144.23 should have completed with three waves to 136.85. Further rally should Read more…
Daily Pivots: (S1) 0.8462; (P) 0.8484; (R1) 0.8509; More… intraday bias in EUR/GBP remains neutral at this point. On the upside break of 0.8552 resistance will suggest that pull back from 0.8720 has completed. That Read more…
Daily Pivots: (S1) 1.4836; (P) 1.4871; (R1) 1.4928; More… Sideway consolidation continues in EUR/AUD and intraday bias remains neutral. Further decline is in favor with 1.5043 resistance intact. On the downside, decisive break of 1.4759 Read more…
Daily Pivots: (S1) 0.9858; (P) 0.9896; (R1) 0.9954; More…. Intraday bias in EUR/CHF remains neutral for the moment. On the upside, break of 0.9953 minor resistance will suggests short term bottoming at 0.9804, on bullish Read more…