US markets got little solace but more clarity from the FOMC Minutes overnight. It was clear from the minutes that the committee members remained highly focused on culling inflation, even if it was at the Read more…
Daily Pivots: (S1) 160.77; (P) 161.67; (R1) 162.95; More… Intraday bias in GBP/JPY stays on the downside at this point. Firm break of 159.97 support will raise the chance of rejection by 167.93 long term Read more…
Daily Pivots: (S1) 137.31; (P) 138.40; (R1) 139.53; More…. EUR/JPY’s fall from 144.26 extends lower and intraday bias remains on the downside. Sustained break of 137.83 support will raise the chance of rejection by 144.06 Read more…
Daily Pivots: (S1) 0.8516; (P) 0.8559; (R1) 0.8586; More… EUR/GBP is still bounded in range of 0.8484/8720 and intraday bias remains neutral. As long as 0.8484 support holds, further rise is in favor. Break of Read more…
Daily Pivots: (S1) 1.4928; (P) 1.5021; (R1) 1.5113; More… Break of 1.5059 minor support argues that EUR/AUD has formed at top at 1.5396, after failing to sustain above 1.5354 support turned resistance. Intraday bias is Read more…
Daily Pivots: (S1) 0.9859; (P) 0.9903; (R1) 0.9931; More…. EUR/CHF’s down trend is still in progress. Intraday bias stays on the downside for 0.9650 long term projection level. On the upside, break of 1.0044 minor Read more…
Daily Pivots: (S1) 1.0136; (P) 1.0207 (R1) 1.0251; More… Intraday bias in EUR/USD stays on the downside and further fall should be seen to 1.0090 long term projection level. Break there will target 100% projection Read more…
Daily Pivots: (S1) 0.6753; (P) 0.6790; (R1) 0.6817; More… Intraday bias in AUD/USD is staying neutral at this point. Strong support could still be seen from 0.6756/60 cluster support to complete the whole correction from Read more…
The stock markets are starting to display some resilience, despite hawkish FOMC minutes. US stocks managed to close higher after initial selloff. Nikkei is also showing some strength in Asian session. Dollar and Yen are Read more…
Australia AiG Performance of Services Index dropped -0.4 to 48.8 in June. Looking at some details, sales plummeted by -8.8 to 41.9. Employment surged 7.9 to 55.3. New orders ticked down by -0.8 to 58.9. Read more…