Daily Pivots: (S1) 1.0241; (P) 1.0272; (R1) 1.0325; More…. Further decline is expected in EUR/CHF with 1.0335 resistance intact. Corrective rebound from 0.9970 could have completed at 1.0513. Break of 1.0086 will bring retest of Read more…
Daily Pivots: (S1) 1.0677; (P) 1.0715 (R1) 1.0784; More… Intraday bias in EUR/USD remains neutral for the moment. On the upside, break of 1.0786, and sustained trading above 55 day EMA (now at 1.0757) will Read more…
Daily Pivots: (S1) 1.2500; (P) 1.2543; (R1) 1.2618; More… Intraday bias in GBP/USD remains neutral at this point. On the upside, above 1.2666 will resume the rebound from 1.2154. Sustained of 55 day EMA (now Read more…
Daily Pivots: (S1) 0.9556; (P) 0.9597; (R1) 0.9621; More… No change in USD/CHF’s outlook and intraday bias remains neutral for the moment. Strong support is expected from 61.8% retracement of 0.9193 to 1.0063 at 0.9525 Read more…
Daily Pivots: (S1) 129.53; (P) 129.88; (R1) 130.26; More… USD/JPY is losing some upside momentum as seen in 4 hour MACD. But further rally is still expected with 128.45 minor support intact. Decisive break of Read more…
Daily Pivots: (S1) 1.2527; (P) 1.2607; (R1) 1.2649; More… USD/CAD’s fall from 1.3075 is still in progress, and intraday bias stays on the downside for 1.2401 support. Decisive break there will argue that whole rebound Read more…
Market movers today The most important data release of the day will be the US May Jobs Report. While the ADP report released yesterday was weaker than expected, most indicators still point towards labour demand Read more…
The most anticipated OPEC+ meeting of the year turned out to be a damp squib in the end. OPEC+ agreed to increase output in July and August to 648,000 bpd from the previously agreed 432,000 Read more…
Daily Pivots: (S1) 0.7181; (P) 0.7226; (R1) 0.7310; More… AUD/USD’s rebound from 0.6828 extends further and intraday bias stays on the upside. Breach of 0.7265 resistance is a sign that whole corrective fall from 0.8006 Read more…
Commodity currencies remain in the driving seat for the week, with Aussie having a slight upper hand over Loonie. Both are supported by firmer risk sentiments, as well as expectations for more tightening. Yen is Read more…