Daily Pivots: (S1) 152.28; (P) 153.48; (R1) 154.31; More… Intraday bias in GBP/JPY is turned neutral at this point. Another fall is expected with 155.16 resistance intact. Break of 152.63 will resume the fall from Read more…
Daily Pivots: (S1) 127.62; (P) 128.19; (R1) 129.08; More…. EUR/JPY is losing some downside momentum. But further decline is expected as long as 130.27 resistance holds. Decline from 133.13, as another falling leg of the Read more…
DXY: On the H4 timeframe, prices are at pivot and in line with a recent swing high. We see the potential for a dip from our 1st resistance at 97.301 in line with 23.6% Fibonacci Read more…
Daily Pivots: (S1) 1.5201; (P) 1.5272; (R1) 1.5317; More… EUR/AUD’s fall continues today and break of 1.5250 low indicates resumption of larger down trend from 1.9799. Intraday bias stays on the downside for 100% projection Read more…
Euro is staying under selling pressure as Russia is continuing its invasion while Ukrainians are holding on defending their country. But selloff in Sterling has eased a little bit. Australia Dollar is extending recent rally Read more…
China Caixin PMI Services dropped from 51.4 to 50.2 in February. PMI Composite was unchanged at 50.1. Wang Zhe, Senior Economist at Caixin Insight Group said: “Overall, the manufacturing PMI rose in February, while the Read more…
BoJ board member Junko Nakagawa said “for the time being, inflationary pressure will remain strong, mainly for energy, food and industrial goods.” Core consumer prices may “briefly rise close to 2%.” However, “even if that Read more…
BoE Deputy Governor Jon Cunliffe said yesterday, “the events of the last few days have led to an abrupt shift in our expectations of the future and an increase in uncertainty.” “The heightened perception of Read more…
Referring to Russia invasion of Ukraine, BoE MPC member Silvana Tenreyro said yesterday, “recent developments will intensify the terms of trade shock that we were already experiencing, so will push up inflation and have a Read more…
Key Highlights Gold price rallied above the $1,920 and $1,950 resistance levels. A major bullish trend line is forming with support near $1,905 on the 4-hours chart. EUR/USD extended decline below 1.1120, and GBP/USD retested Read more…