Daily Pivots: (S1) 0.8386; (P) 0.8418; (R1) 0.8440; More… EUR/GBP’s rally resumes and hits as high as 0.8544 so far. The break of 0.8511 resistance reaffirm that 0.8201 is a medium term bottom. Intraday bias Read more…
Daily Pivots: (S1) 129.79; (P) 130.04; (R1) 130.38; More… Intraday bias in USD/JPY remains neutral as consolidation from 131.24 might extend further. Near term outlook stays bullish with 126.91 support intact and further rally is Read more…
Daily Pivots: (S1) 0.9675; (P) 0.9763; (R1) 0.9808; More…. Intraday bias in USD/CHF remains neutral for consolidation below 0.9851. In case of another fall, downside should be contained by 38.2% retracement of 0.9193 to 0.9851 Read more…
Daily Pivots: (S1) 1.0544; (P) 1.0587 (R1) 1.0669; More… EUR/USD is still bounded in consolidation from 1.0470 and intraday bias remains neutral. Another recovery could still be seen. But upside should be limited by 1.0756 Read more…
Daily Pivots: (S1) 1.2513; (P) 1.2575; (R1) 1.2699; More… GBP/USD’s down trend resumes by breaking through 1.2410 support. Intraday bias is back on the downside for 161.8% projection of 1.3641 to 1.2999 from 1.3297 at Read more…
Sterling drops sharply today even after BoE raised interest rate as expected. The trigger was the warning that of recession as high inflation hurts real incomes of household and profits of businesses. Aussie and Kiwi Read more…
US initial jobless claims rose 19k in the week ending April 30, above expectation of 176k. Four-week moving average of initial claims rose 8k to 188k. Continuing claims dropped -19k to 1384k in the week Read more…
USDCHF has bounced toward the mid-Bollinger band after testing the 50-period simple moving average (SMA) currently around the 0.9700 mark. The soaring simple moving averages (SMAs) are defending the more than one-month uptrend in the Read more…
AUDUSD is extending today’s losses and is currently trading below the two-week high of 0.7265 hit on Wednesday. The RSI turned lower after the pullback off the 50 level. At the moment, it continues to Read more…
The Fed raised interest rates by 50 bps and announced the start of QT on Wednesday as largely expected. Less anticipated were Fed Chair Powell’s comments discounting the near-term prospects of hikes greater than 50 Read more…