Category: Investments

GBPCAD is improving from the 29½-month low of 1.6315 but the near six-week decline from 1.7376 high remains intact below the 1.6714-1.6786 resistance boundary. The falling simple moving averages (SMAs) continue to endorse a deteriorating Read more…

Futures trade mixed after US core PCE rose 5.4% YoY, below the 5.5% forecast and as spending slows This won’t change the Fed’s outlook. Oil tumbles 5% as the US considers a record reserves release. Read more…

Daily Pivots: (S1) 0.8465; (P) 0.8482; (R1) 0.8512; More… EUR/GBP retreats sharply after hitting 0.8551 and intraday bias is turned neutral first. At this point, further rise is still in favor as long as 0.8294 Read more…

Daily Pivots: (S1) 121.03; (P) 122.12; (R1) 122.92; More… USD/JPY is holding on to 121.17 support and intraday bias remains neutral. Further rally is still mildly in favor. On the upside, above 125.09 will target Read more…

Daily Pivots: (S1) 0.9195; (P) 0.9258; (R1) 0.9295; More…. Intraday bias in USD/CHF stays on the downside, as fall from 0.9459 is in progress for 0.9149 support. Firm break there will turn near term outlook Read more…

Daily Pivots: (S1) 1.3085; (P) 1.3134; (R1) 1.3185; More… Sideway consolidation continues in GBP/USD and intraday bias remains neutral. Outlook remains bearish with 1.3297 resistance intact, and further decline is expected. On the downside, break Read more…

Daily Pivots: (S1) 1.1104; (P) 1.1137 (R1) 1.1192; More… EUR/USD retreats notably after hitting 1.1184 today. Intraday bias is turned neutral first. For now, further rise is mildly in favor as long as 1.0943 support Read more…

Dollar rises in early US session with help from solid job and strong inflation data. But Yen is even stronger as it continues to pare back recent steep losses. On the other hand, Euro turned Read more…