The EURJPY cross accelerated steep rally on Wednesday, hitting the highest levels since January 2015 and on track for the biggest daily gains since Feb 3. Yen remains strongly pressured by BoJ’s ultra-easy monetary policy, Read more…
Daily Pivots: (S1) 165.80; (P) 166.45; (R1) 167.66; More… GBP/JPY’s break of 168.40 resistance suggests resumption of larger up trend. Sustained trading above 167.93 fibonacci level will carry larger bullish implication. Next near term target Read more…
Daily Pivots: (S1) 132.00; (P) 132.50; (R1) 133.13; More… USD/JPY’s rally is still in progress and intraday bias remains on the upside. Next target is 61.8% projection of 114.40 to 131.34 from 126.35 at 136.81. Read more…
Daily Pivots: (S1) 1.0665; (P) 1.0689 (R1) 1.0727; More… Intraday bias in EUR/USD remains neutral for the moment. On the downside, break of 1.0626 minor support will indicate rejection by 55 day EMA, and turn Read more…
Daily Pivots: (S1) 1.2483; (P) 1.2541; (R1) 1.2652; More… Intraday bias in GBP/USD remains neutral for the moment. On the downside, break of 1.2429 support suggest that rebound from 1.2154 has completed. Intraday bias will Read more…
Daily Pivots: (S1) 0.9637; (P) 0.9675; (R1) 0.9745; More… Intraday bias in USD/CHF stays mildly on the upside for retesting 1.0063 high. Firm break there will resume larger up trend. However, break of 0.9567 will Read more…
After two straight positive closes, US stocks are heading lower in subdued trading ahead of key data later in the week. With treasury yields back over the critical 3% level and oil prices ticking over Read more…
The euro is in positive territory on Wednesday. In the European session, EUR/USD is trading at 1.0727, up 0.20% on the day. ECB to terminate QE, start rate-hike cycle It has been a calm week Read more…
Daily Pivots: (S1) 141.31; (P) 141.69; (R1) 142.38; More…. EUR/JPY roses to as high as 144.20 so far today. Sustained break of 144.06 could bring even further medium term upside acceleration. Next near term target Read more…
The main focus remains on Yen’s selloff today, on the back of widening yield spread between Japan JGB and other major benchmark treasuries. Meanwhile, Euro appears to be strengthening in general too. Traders are probably Read more…