Bitcoin and other major altcoins have merely bounced back and remain comfortably above their recent lows on signs that inflation in the US is indeed cooling and the Fed might be able to scale down Read more…
The Aussie dollar eases from one-week high on Tuesday after failing to benefit more from positive news that China slashed Covid quarantine for international travelers. The price action fell back below 10DMA (0.6951) which caps Read more…
Shallow pullback from new multi-year high (136.70) found solid ground at 134.26 (Fibo 23.6% of 126.36/136.70) and subsequent bounce accelerated on Tuesday, retracing over 76.4% of 136.70/134.26 pullback, and confirming that bulls regained full control. Read more…
June rollercoaster ride for Swissie It has been a tale of two Junes for the Swiss franc. USD/CHF rose about 400 points in the first half of the month and breached above the parity line. Read more…
Daily Pivots: (S1) 1.0550; (P) 1.0583 (R1) 1.0614; More… Intraday bias in EUR/USD remains neutral as consolidation continues. Further fall is in favor with 1.0786 resistance intact. On the downside, sustained break of 1.0339/48 will Read more…
Daily Pivots: (S1) 1.2225; (P) 1.2279; (R1) 1.2320; More… Intraday bias in GBP/USD stays neutral as sideway trading continues. Outlook stays bearish as long as 1.2666 resistance holds. On the downside, break of 1.1932 will Read more…
Daily Pivots: (S1) 0.9531; (P) 0.9575; (R1) 0.9608; More… Intraday bias in USD/CHF remains neutral and outlook is unchanged. Fall from 1.0048 is still seen as the third leg of the consolidation pattern from 1.0063. Read more…
Daily Pivots: (S1) 134.82; (P) 135.18; (R1) 135.85; More… USD/JPY rebounds notably today but stays below 136.70 resistance. Intraday bias stay neutral first. On the upside, decisive break of break of 61.8% projection of 114.40 Read more…
Yen is back as the worst performer on improving risk sentiment and rising yields. Dollar is trying to rally in early US session following rise in treasury yields. But strength is mainly seen against European Read more…
US goods exports rose USD 2B to USD 176.6B in May. Goods imports dropped USD -0.4B to USD 280.9B. Goods trade deficit narrowed from USD -106.7B to USD -104.3B, still above expectation of USD -101.7B. Read more…