Daily Pivots: (S1) 1.2280; (P) 1.2327; (R1) 1.2363; More… Intraday bias in GBP/USD remains neutral as consolidation from 1.2259 is extending. Some more consolidations could be seen but upside of recovery should be limited by Read more…
Daily Pivots: (S1) 0.9918; (P) 0.9947; (R1) 0.9987; More…. Intraday bias in USD/CHF remains mildly on the upside, and further rise could still be seen to 261.8% projection of 0.9149 to 0.9459 from 0.9193 at Read more…
Daily Pivots: (S1) 129.97; (P) 130.27; (R1) 130.75; More… Intraday bias in USD/JPY remains neutral and outlook is unchanged. Further is expected as long as 128.61 support holds. Above 131.34 will target 261.8% projection of Read more…
Daily Pivots: (S1) 0.6905; (P) 0.6946; (R1) 0.6980; More… Intraday bias in AUD/USD stays mildly on the downside for the moment. Current fall is part of the corrective pattern from 0.8006. Deeper decline would be Read more…
Markets The equity sell-off took a breather yesterday. European stocks eked out gains of less than 1%. Markets in the US slid early in the open but rebounded later, ending the session with gains for Read more…
EUR/USD The single European currency is still locked in the range that started last week as any upward movement is denied by the bears. The strong dollar does not allow the euro to rise for Read more…
It’s D-day of the week: we will see whether inflation in the US started easing in April after hitting a four-decade high in March, and if yes, by how much. The consensus of analyst estimates Read more…
Market movers today Today markets will zoom in on US CPI data. April could very well mark the peak in US inflation but we will continue to watch mom moves closely. We expect a solid Read more…
Daily Pivots: (S1) 1.2976; (P) 1.3014; (R1) 1.3067; More… Intraday bias in USD/CAD stays on the upside for now, despite some loss in upside momentum. Current Sustained break of 1.3022 fibonacci level will carry larger Read more…
The forex markets are stuck in very tight range in Asia session today, as traders are awaiting another set of consumer inflation data from the US. For now, Dollar, Euro and Yen are the stronger Read more…