Daily Pivots: (S1) 0.8285; (P) 0.8316; (R1) 0.8353; More… The break of 0.8304 support turned resistance suggests short term bottoming at 0.8201. Intraday bias is now mildly on the upside for 0.8405 resistance first. Break Read more…
Daily Pivots: (S1) 1.0058; (P) 1.0118; (R1) 1.0190; More…. Intraday bias in EUR/CHF remains neutral for consolidation above 0.9970. Stronger recovery cannot be ruled out. But upside should be limited well below 1.0298 support turned Read more…
Daily Pivots: (S1) 1.0849; (P) 1.0903; (R1) 1.0958; More… Intraday bias in EUR/USD remains neutral for consolidation above 1.0805 temporary low. Stronger recovery cannot be ruled out. But upside should be limited by 1.1120 support Read more…
Daily Pivots: (S1) 1.3074; (P) 1.3109; (R1) 1.3137; More… With 4 hour MACD crossed above signal line, intraday bias in GBP/USD is turned neutral first. Some consolidations could be seen, but recovery should be limited Read more…
Daily Pivots: (S1) 0.9258; (P) 0.9282; (R1) 0.9316; More…. Intraday bias in USD/CHF remains neutral for the moment. Choppy rise from 0.8925 would still be in favor to extend higher as long as 0.9090 support Read more…
Daily Pivots: (S1) 115.36; (P) 115.58; (R1) 115.88; More… USD/JPY is still bounded in sideway trading between 114.40 and 116.34 and intraday bias remains neutral first. On the upside, firm break of 116.34 will resume Read more…
Daily Pivots: (S1) 0.7229; (P) 0.7288; (R1) 0.7332; More… Intraday bias in AUD/USD remains neutral at this point. Some more correction could be seen and deeper pull back cannot be ruled out. But further rally Read more…
China PPI slowed from 9.1% yoy to 8.8% yoy in February, above expectation of 0.8% yoy. Senior National Bureau of Statistics statistician Dong Lijuan said, PPI was “affected by the increased commodity prices globally such Read more…
Australia Westpac consumer sentiment index dropped -4.2% to 96.6 in March, down from 100.8. That’s the worst reading since September 2020, which was also the last time thee index was below the 100-level. Westpac said: Read more…
RBA Governor Philip Lowe reiterated in a speech that Australia has the “scope to wait and assess incoming information” before working on interest rates. He highlighted two issues that policymakers are “paying close attention to”. Read more…