Daily Pivots: (S1) 1.2547; (P) 1.2580; (R1) 1.2624; More… Immediate focus is now on 1.2591 resistance in USD/CAD. Firm break there will suggest that fall from 1.2899 has completed. Intraday bias will be back on Read more…
Daily Pivots: (S1) 0.7458; (P) 0.7488; (R1) 0.7510; More… Intraday bias in AUD/USD remains neutral, but further rally is expected as long as 0.7455 support holds. As noted before, whole corrective decline from 0.8006 should Read more…
Daily Pivots: (S1) 123.63; (P) 123.81; (R1) 124.16; More… Range trading continues in USD/JPY and intraday bias remains neutral. Outlook stays bullish with 121.17 support intact and further rise is expected. On the upside, break Read more…
Daily Pivots: (S1) 0.9325; (P) 0.9336; (R1) 0.9355; More…. Intraday bias in USD/CHF remains neutral for the moment. Firm break of 0.9380 resistance will indicate that fall from 0.9459 has completed with three wave down Read more…
Daily Pivots: (S1) 1.3049; (P) 1.3077; (R1) 1.3103; More… No change in GBP/USD’s outlook as consolidation from 1.2999 is still extending. Intraday bias remains neutral and further decline is mildly in favor with 1.3297 resistance Read more…
Daily Pivots: (S1) 1.0850; (P) 1.0895 (R1) 1.0924; More… Intraday bias in EUR/USD stays on the downside for retesting 1.0805 low first. Firm break there will resume larger down trend from 1.2248. Next target is Read more…
Overall, the markets are rather steady so far in the last trading day of the week. Major Asian indexes are treading water. That followed a late rebound in US markets overnight. Euro weakens mildly and Read more…
WTI crude oil continued to gyrate lower this week. EU has yet confirmed banning Russian coal and even if they do, it’s not expected to take effect until August. Oil embargo is not in sight. Read more…
Atlanta Fed President Raphael Bostic said yesterday, “it’s time that we get off of our emergency stance — I think it’s really appropriate that we move our policy closer to a neutral position — but Read more…
Key insights from the week that was. This week witnessed a significant change in the RBA’s policy outlook. Rate expectations also drove market outcomes offshore. Beginning with the RBA, the April decision statement saw the Read more…