Daily Pivots: (S1) 1.4626; (P) 1.4716; (R1) 1.4769; More… Intraday bias in EUR/AUD remains on the downside for the moment. Fall from 1.5327 is still in progress to retest 1.4561 low. Firm break there will Read more…
Daily Pivots: (S1) 1.0216; (P) 1.0266; (R1) 1.0293; More…. Intraday bias in EUR/CHF remains neutral for the moment. On the upside, break of 1.0400 would resume the rebound from 0.9970 to 1.0610 key structural resistance. Read more…
Daily Pivots: (S1) 1.0979; (P) 1.1013; (R1) 1.1064; More… Intraday bias in EUR/USD remains neutral at this point as range trading continues. On the downside, below 1.0899 minor support will turn bias back to the Read more…
Daily Pivots: (S1) 1.3154; (P) 1.3227; (R1) 1.3278; More… Intraday bias in GBP/USD remains neutral at this point. On the downside, break of 1.3119 minor support will turn bias back to the downside for retesting Read more…
Daily Pivots: (S1) 1.2535; (P) 1.2570; (R1) 1.2599; More… USD/CAD continues to lose downside momentum. But still, further decline is expected with 1.2629 resistance intact. Fall from 1.2899 would target retesting 1.2448 support. Nevertheless, on Read more…
Daily Pivots: (S1) 0.7464; (P) 0.7486; (R1) 0.7521; More… A temporary top is formed at 0.7506 on loss of upside momentum. Intraday bias in AUD/USD is turned neutral first. Further rally is expected as long Read more…
The forex markets are engaging in sideway trading in tight range in Asia today. The selling climax on Yen should have passed for the near term, with Yen pairs turned into consolidation mode. But the Read more…
DXY: On the H4 timeframe, prices are consolidating in a triangle pattern. We see the potential for a bounce from our 1st support at 98.623 in line with 50% Fibonacci retracement towards our 1st resistance Read more…
Japan PMI Manufacturing rose from 52.7 to 53.2 in March. Manufacturing output rose from 49.3 to 50.6. PMI Services rose from 44.2 to 48.7. PMI Composite rose from 45.8 to 49.3. Usamah Bhatti, Economist at Read more…
Australia PMI Manufacturing rose from 57.0 to 57.3 in March. PMI Services rose from 57.4 to 57.9, a 10-month high. PMI Composite rose from 56.6 to 57.1, also a 10-month high. Jingyi Pan, Economics Associate Read more…