EURJPY ended Monday in the green, recovering the negative gap and is now challenging the 129.00 psychological level. The pair has been in a descending movement in the short-term timeframe after the pullback of the Read more…
American stocks retreated modestly on Monday as the tensions in Russia rose. The Dow Jones fell by more than 400 points while the S&P 500 fell by more than 20 points. The Nasdaq 100 index Read more…
The Governor has formally released himself from the guideline in 2021 that rates would not rise until the Wage Price Index lifts by 3%. He is now referring to a broader measure of labour costs Read more…
Markets The ongoing military action by Russia in Ukraine and markets assessing the consequences of reciprocal sanctions between Russian and the West caused an outright risk-off start for the week. Sentiment stayed nervous throughout the Read more…
Just a week ago, we were living in a united world, where there were tensions. But now, the world is divided between the Russians and the rest. The economic implications are as severe as the Read more…
Daily Pivots: (S1) 1.1149; (P) 1.1197; (R1) 1.1269; More… Intraday bias in EUR/USD remains neutral for consolidation above 1.1105. Further fall is expected with 1.1287 resistance intact. On the downside, sustained break of 1.1120 will Read more…
Daily Pivots: (S1) 1.3349; (P) 1.3390; (R1) 1.3464; More… Intraday bias in GBP/USD remains neutral for the moment, as consolidation from 1.3272 could extend. Further fall is expected as long as 1.3485 support turned resistance Read more…
Daily Pivots: (S1) 0.9130; (P) 0.9205; (R1) 0.9242; 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) 114.63; (P) 115.20; (R1) 115.54; More… Intraday bias in USD/JPY remains neutral as sideway trading continues. On the upside, firm break of 116.34 will resume larger up trend from 102.58 to 118.65 Read more…
Daily Pivots: (S1) 0.7197; (P) 0.7232; (R1) 0.7299; More… AUD/USD’s rise from 0.6966 resumed by breaking 0.7282 and intraday bias is back on the upside. Decisive break of 0.7313 resistance will argue that correction from Read more…