The British Pound started a fresh decline from the 1.2650 resistance against the US Dollar. The GBP/USD pair traded below the 1.2620 support zone to enter a short-term bearish zone. The pair even declined below Read more…
Daily Pivots: (S1) 1.0742; (P) 1.0764 (R1) 1.0803; 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) 1.2557; (P) 1.2606; (R1) 1.2652; More… Intraday bias in GBP/USD remains neutral for the moment. On the upside, above 1.2666 will resume the rebound from 1.2154. Sustained of 55 day EMA (now Read more…
Daily Pivots: (S1) 0.9569; (P) 0.9595; (R1) 0.9625; More… Outlook is USD/CHF is unchanged. Strong support is still expected at 61.8% retracement of 0.9193 to 1.0063 at 0.9525 to complete the pull back from 1.0063. Read more…
Daily Pivots: (S1) 127.04; (P) 127.43; (R1) 128.00; More… Immediate focus is now on 129.77 resistance in USD/JPY. Break there should confirm that pull back from 131.34 has completed at 126.35. Larger up trend should Read more…
Daily Pivots: (S1) 0.7151; (P) 0.7177; (R1) 0.7205; More… AUD/USD is losing some upside momentum, but further rise is expected with 0.7034 support intact. Firm break of 0.7265 resistance will raise the chance of larger Read more…
Markets Core bonds were back on offer at the final trading day of the month. US Treasuries underperformed German Bunds on a combination of hawkish Fed speech (Waller), better-than-expected economic data (Chicago PMI, Conference Board Read more…
May is finally over, but inflation worries, the war, and high energy prices welcome the new month with us. Yesterday’s meeting between Joe Biden and Jerome Powell reminded investors that inflation is the policymakers’ primary Read more…
Market movers today Today focus will be on a range of PMI data released throughout the day. Manufacturing PMIs will be released for Sweden and Norway in the morning, followed by the revised final figures Read more…
Daily Pivots: (S1) 1.2624; (P) 1.2656; (R1) 1.2682; More… USD/CAD’s fall from 1.3075 is still in progress and intraday bias stays on the downside for 1.2401 support. Firm break there will argue that whole rebound Read more…