Intense selloff in crude oil pulled the price of a barrel to around the $100pb level, which is the critical 50-DMA support to the latest crude rally. The question is, whether Washington could reverse the Read more…
Daily Pivots: (S1) 1.2470; (P) 1.2501; (R1) 1.2539; More… Intraday bias in USD/CAD remains neutral for consolidation above 1.2428 temporary low. Further decline is expected as long as 1.2591 resistance holds. Corrective pattern from 1.2005 Read more…
Daily Pivots: (S1) 0.7463; (P) 0.7492; (R1) 0.7513; More… Intraday bias in AUD/USD remains neutral and outlook is unchanged. Further rally is expected as long as 0.7372 minor support holds. On the upside, decisive break Read more…
Daily Pivots: (S1) 121.03; (P) 122.12; (R1) 122.92; More… Intraday bias in USD/JPY remains neutral at this point. Further rally is still in favor with 121.17 minor support intact. On the upside, above 125.09 will Read more…
Daily Pivots: (S1) 0.9194; (P) 0.9226; (R1) 0.9258; More…. Intraday bias in USD/CHF remains on the downside at this point. Fall from 0.9459 is in progress for 0.9149 support. Firm break there will turn near Read more…
Daily Pivots: (S1) 1.3085; (P) 1.3134; (R1) 1.3185; More… Intraday bias in GBP/USD remains neutral for the moment. Outlook remains bearish with 1.3297 resistance intact, and further decline is expected. On the downside, break of Read more…
Daily Pivots: (S1) 1.1024; (P) 1.1104 (R1) 1.1148; More… Intraday bias in EUR/USD remains neutral at this point, but further rally is mildly in favor as long as 1.0943 support holds. Break of 1.1184 will Read more…
The forex markets are rather steady in Asian session today. Focuses will turn to Eurozone CPI flash and US non-farm payrolls employment. Euro is so far still the strongest one for the week, but it Read more…
DXY: On the weekly, prices have approached a pivot. With RSI at all time high and divergence spotted, we see the potential for a dip from our 1st resistance at 99.183 in line with 78.6% Read more…
US non-farm payrolls report is expected to show 488k job growth in March. Unemployment rate is expected to tick down further from 3.8% to 3.7%. Average hourly earnings are expected to return to growth at Read more…