Daily Pivots: (S1) 1.0544; (P) 1.0587 (R1) 1.0669; More… Intraday bias in EUR/USD remains neutral as consolidation from 1.0470 is still in progress. Stronger recovery cannot be ruled out. But upside should be limited by Read more…
Daily Pivots: (S1) 1.2513; (P) 1.2575; (R1) 1.2699; More… GBP/USD is still bounded in consolidation from 1.2410 and intraday bias remains neutral. Stronger rebound cannot be ruled out, but upside should be limited below 1.2999 Read more…
Daily Pivots: (S1) 0.9675; (P) 0.9763; (R1) 0.9808; More…. With current retreat, a short term top could be formed at 0.9851 in USD/CHF already, just ahead of medium term projection level at 0.9864. Intraday bias Read more…
Markets The Fed yesterday as expected raised its policy rate by 50 bps, bringing the target range to 0.75%-1.0%. More 50 bps hikes are likely in coming meetings. In a direct address to the American Read more…
The Fed raised the interest rate by 50bp for the first time since 2000 and said there will be more 50bp hikes in the coming meetings. And the major US indices rallied as the Fed Read more…
Market movers today After the Fed decision yesterday, markets will shift their attention to the Bank of England (BoE) meeting today. In line with consensus and market pricing, we expect BoE to hike the Bank Read more…
Daily Pivots: (S1) 129.79; (P) 130.04; (R1) 130.38; More… USD/JPY dips notably as correction from 131.24 extends, but stays well above 126.91 support. Near term outlook remains bullish with further rally expected. On the upside, Read more…
Dollar dropped notably overnight after Fed Chair Jerome Powell surprised the markets by ruling out a 75bps rate hike. The comment also boosted US stocks sharply higher. Risk-on sentiment helped commodity currencies rebound. But European Read more…
DXY: On the H4, with price expected to reverse off the ichimoku cloud resistance, we have a bearish bias that price will drop from our 1st resistance at 102.900 where the 38.2% Fibonacci retracement and Read more…
BoE is widely expected to continue with its tightening cycle, and raise Bank rate by 25bps to 1.00% today. Focus is firstly on the voting, on the whether any hawks would push for faster pace Read more…