Bank of England Deputy Governor Sarah Breeden suggested that the recent rebound in oil prices is unlikely to trigger persistent inflation, arguing that the UK’s weak economic backdrop should prevent higher energy costs from feeding Read more…
Intraday bias in EUR/USD stays neutral at this point, as consolidations continue above 1.1323. With 1.1499 support turned resistance intact, further decline is expected. On the downside, break of 1.1323 will resume the fall from Read more…
No change in USD/JPY’s outlook as consolidations continue below 162.83. Intraday bias stays neutral at this point. In case of another fall, downside should be contained by 38.2% retracement of 155.01 to 162.83 at 159.84. Read more…
GBP/USD’s rally resumed and the break of 1.3459 resistance argues that whole correction from 1.3867 has completed at 1.3139. Intraday bias is back on the upside for 1.3657 resistance for confirmation. For now, risk will Read more…
Intraday bias in USD/CHF remains neutral for the moment. On the upside, break of 0.8150 will resume the rally from 0.7660 and target 100% projection 0.7603 to 0.8041 from 0.7600 at 0.8198. However, firm break Read more…
Intraday bias in AUD/USD remains mildly on the upside at this point. Firm break of 38.2% retracement of 0.7277 to 0.6864 at 0.7022 will target 61.8% retracement at 0.7119 next. On the downside, however, below Read more…
USD/CAD’s fall from 1.4247 is seen as a correction to rally from 1.3480. Downside should be contained by 1.3965 cluster support (38.2% retracement of 1.3480 to 1.4247 at 1.3954 to bring rebound. On the upside, Read more…
GBP/JPY’s up trend resumed by breaking through 217.99 and intraday bias is back on the upside. Current rally should target 220.90 fibonacci projection level next. On the downside, below 217.99 minor support will turn intraday Read more…
No change in EUR/JPY’s outlook as sideway trading continues. Intraday bias remains neutral for the moment. While the price actions from 182.10 are looking corrective, stronger rebound cannot be ruled out. On the upside, firm Read more…
EUR/GBP’s fall resumed after brief consolidations and intraday bias is back on the downside. 61.8% retracement of 0.8221 to 0.8863 at 0.8466 was already met. Sustained break there will pave the way to 0.8221 support. Read more…