Daily Pivots: (S1) 1.3118; (P) 1.3154; (R1) 1.3219; More… Intraday bias in GBP/USD stays neutral for consolidation above 1.3080 temporary low. Upside of recovery should be limited by 1.3270 support turned resistance. On the downside, Read more…
Daily Pivots: (S1) 1.0944; (P) 1.1019; (R1) 1.1149; More… Intraday bias in EUR/USD remains neutral first despite the strong rebound from 1.0805, and outlook as unchanged. As long as 1.1120 support turned resistance holds, larger Read more…
Yen and Swiss Franc are both under selling pressure following the strong rebound in global stock markets. While it’s too early to conclude that risk appetite has returned from the shadow of Russia invasion of Read more…
A tremendous amount of uncertainty was added to ECB outlook from Russia’s invasion of Ukraine. There were expectations that ECB could announce an earlier end to its asset purchase program at today’s meeting, paving the Read more…
Japan corporate goods price index rose 9.3% yoy in February, above expectation of 8.7% yoy. At 110.7, the index hit the highest level marked since 1985. That’s also the highest rise on record, as led Read more…
DXY: On the H4 timeframe, prices are resting on a strong support. We see the potential for further bullish continuation from our 1st support at 97.846 in line with 50% Fibonacci retracement and 127.2% Fibonacci Read more…
The pound has fallen victim to the market turmoil sparked by the Ukraine conflict, plunging more than 3.5% since late February when tensions with Russia started to rapidly escalate. Investors still expect that the Bank Read more…
Key Highlights AUD/USD started a steady increase above 0.7300. A key bullish trend line is forming with support near 0.7290 on the 4-hours chart. EUR/USD corrected higher above 1.0950, and GBP/USD consolidated near 1.3100. The Read more…
EUR/USD surged higher on Wednesday as the European Union (EU) discussed increased defence and energy sector spending ahead of the European Central Bank (ECB) interest rate decision on Thursday. The pair recently traded at 1.1083, Read more…
With hope and optimism that a ceasefire agreement between Russia and Ukraine can be reached, the DXY has moved lower and GBP/USD has gone bid. As markets see a glimmer of hope that there may Read more…