Market movers today ECB minutes from the March meeting will be released today, focus will naturally be on the inflation outlook, recession risks and the pace of future policy normalization. Euro Area February Retail Sales Read more…
The FOMC minutes gave the clarity that every investors was looking for: the Federal Reserve (Fed) will be scaling back its near $9 trillion balance sheet by $95 billion per month, more than a trillion Read more…
DXY: On the H1 timeframe, prices have approached pivot. We see the potential for a dip from our 1st resistance at 99.777 in line with which is an area of Fibonacci confluences towards our 1st Read more…
Daily Pivots: (S1) 161.44; (P) 161.86; (R1) 162.19; More… GBP/JPY is staying in consolidation from 164.61 and intraday bias remains neutral. Outlook remains bullish with 158.04 resistance turned support intact, and further rally is expected. Read more…
Daily Pivots: (S1) 134.58; (P) 135.03; (R1) 135.35; More…. Intraday bias in EUR/JPY remains neutral as consolidation from 137.50 is extending. With 133.70 minor support intact, further rally is expected. On the upside, sustained break Read more…
Daily Pivots: (S1) 0.8325; (P) 0.8340; (R1) 0.8353; More… Intraday bias in EUR/GBP stays neutral for the moment. On the downside, break of 0.8294 will argue that rebound from 0.8201 has completed at 0.8511, and Read more…
Daily Pivots: (S1) 1.4386; (P) 1.4464; (R1) 1.4587; More… A temporary low is formed at 1.4318 in EUR/AUD with current recovery, and intraday bias is turned neutral first. Outlook stays bearish as long as 1.4940 Read more…
Daily Pivots: (S1) 1.0134; (P) 1.0170; (R1) 1.0204; More…. Further fall remains in favor in EUR/CHF with 1.0242 minor resistance intact. Rebound from 0.9770 could have completed at 1.0400 already, ahead of 38.2% retracement of Read more…
Daily Pivots: (S1) 1.0869; (P) 1.0903 (R1) 1.0932; More… Intraday bias in EUR/USD remains mildly on the downside for retesting 1.0805 low first. Firm break there will resume larger down trend from 1.2248. Next target Read more…
Daily Pivots: (S1) 1.3040; (P) 1.3074; (R1) 1.3102; More… Intraday bias in GBP/USD remains neutral as consolidation from 1.2999 is still extending. Further decline is mildly in favor with 1.3297 resistance intact. On the downside, Read more…