Daily Pivots: (S1) 0.7043; (P) 0.7081; (R1) 0.7126; More… Intraday bias in AUD/USD is turned neutral first. On the upside, above 0.7126 will extend the rebound from 0.6828 to 55 day EMA (now at 0.7175). Read more…
Daily Pivots: (S1) 126.13; (P) 127.10; (R1) 127.85; More… USD/JPY’s correction from 131.34 could still extend lower. But downside should be contained by 125.09 cluster support (38.2% retracement of 114.40 to 131.34 at 124.86) to Read more…
Daily Pivots: (S1) 0.9599; (P) 0.9621; (R1) 0.9645; More… No change in USD/CHF’s outlook as fall from 1.0063 could extend lower. But downside should be contained by 61.8% retracement of 0.9193 to 1.0063 at 0.9525 Read more…
Daily Pivots: (S1) 1.2510; (P) 1.2551; (R1) 1.2620; More.. GBP/USD’s recovery from 1.2154 extends higher but stays below 1.2637 resistance. Intraday bias remains neutral for the moment. On the upside, firm break of 1.2637 resistance Read more…
The recovery in Dollar and Yen appeared to be rather short-lived, as overall risk sentiment was steady. FOMC minutes affirmed market expectations of 50bps rate hikes ahead, which is not news. That triggered little reaction Read more…
RBNZ Governor Adrian Orr told a parliamentary committee today, “the single biggest risk to this nation at the moment is enabling current high CPI inflation to become embedded in future ongoing inflation expectation.” Orr said Read more…
In the minutes of the May 3-4 FOMC minutes, Fed said, “most participants judged that 50 basis point increases in the target range would likely be appropriate at the next couple of meetings”. That is Read more…
DXY: On the H4, with prices below the ichimoku indicator and past the bollinger band’s basis line in a downtrend, we have a bearish bias that price will drop to our 1st support at 101.560 Read more…
May 3–4, 2022 A joint meeting of the Federal Open Market Committee and the Board of Governors of the Federal Reserve System was held in the offices of the Board of Governors on Tuesday, May Read more…
Whilst the FOMC minutes helped lift the dollar and Wall Street on the day, but we’re not convinced the dollar low is in just yet. The USD was broadly higher overnight as the FOMC minutes Read more…