Daily Pivots: (S1) 1.1330; (P) 1.1352; (R1) 1.1392; More… No change in EUR/USD’s outlook as range trading continues. Intraday bias stays neutral for the moment. On the upside, sustained trading above 55 day EMA (now Read more…
Daily Pivots: (S1) 0.9219; (P) 0.9249; (R1) 0.9264; More…. Intraday bias in USD/CHF is turned neutral again with current retreat. Overall, with 0.9084 support intact, choppy rise from 0.8925 could still extend higher. Break of Read more…
Daily Pivots: (S1) 115.05; (P) 115.37; (R1) 115.60; More… Intraday bias in USD/JPY remains neutral as consolidation from 116.34 could extend further. But downside of retreat should be contained well well above 114.26 resistance turned Read more…
Daily Pivots: (S1) 0.7172; (P) 0.7193; (R1) 0.7231; More… Intraday bias in AUD/USD stays neutral for the moment. On the upside, break of 0.7277 will resume the rebound from 0.6992. Such development would also revive Read more…
Daily Pivots: (S1) 1.2534; (P) 1.2607; (R1) 1.2647; More… With the strong break of 1.2619 support, USD/CAD’s should have completed a head and should top pattern (ls: 1.2852, h: 1.2963, rs: 1.2812). The development argues Read more…
Overall, Fed Chair Jerome Powell’s renomination hearings seemed to be well received by the markets. US stocks closed broadly higher overnight, followed by rallies in Asian indexes. Yen and Dollar are both under some selling Read more…
In the latest regional Economic Report, BoJ upgraded assessment on all nine regions. All reported that their respective economies “had been picking up or had shown signs of a pick-up, with the impact of the Read more…
WTI crude oil follows broad based risk-on sentiment and closed higher overnight. Rise from 62.90 resumed by breaking through 80.63 temporary top and hits as high as 81.79 so far. Current rally is expected to Read more…
In a speech to regional branch managers, BoJ Governor Haruhiko Kuroda said “Japan’s economy is picking up as a trend, although it remains in a severe state due to the impact of the coronavirus pandemic.” Read more…
US stocks closed generally higher overnight after upbeat comments from Fed Chair Jerome Powell. In the nomination hearing before Senate Banking committee, he said that the current surge in Omicron infections will only have “short-lived” Read more…