Daily Pivots: (S1) 0.7082; (P) 0.7106; (R1) 0.7147; More… Intraday bias sin AUD/USD is turned neutral first with current recovery. On the upside, above 0.7167 will resume the rebound to 0.7313 resistance. Firm break there Read more…
Daily Pivots: (S1) 1.2633; (P) 1.2694; (R1) 1.2731; More… Range trading continues in USD/CAD and intraday bias remains neutral first. With 1.2648 minor support intact, further rise is mildly in favor. On the upside, break Read more…
Daily Pivots: (S1) 1.1414; (P) 1.1440; (R1) 1.1465; More… Intraday bias in EUR/USD is turned neutral as it failed to break through 1.1482 resistance for now. A medium term bottom could be in place at Read more…
Daily Pivots: (S1) 1.3499; (P) 1.3527; (R1) 1.3564; More… Range trading continues in GBP/USD and intraday bias remains neutral. On the upside, break of 1.3627 will resume the rebound to 1.3748 resistance. Firm break there Read more…
Daily Pivots: (S1) 0.9218; (P) 0.9240; (R1) 0.9258; More…. Intraday bias in USD/CHF remains neutral as range trading continues. Further rise will remain mildly in favor as long as 0.9090 support holds. break of 0.9372 Read more…
Daily Pivots: (S1) 114.89; (P) 115.13; (R1) 115.35; More… USD/JPY rises slightly today but stays in range of 114.14/115.68, and intraday bias remains neutral first. Overall, consolidation pattern from 116.34 is still extending. On the Read more…
Dollar strengthens mildly in Asia today but overall markets have been quiet this week so far. Euro continues to consolidate last week’s sharp gain, ahead of a key near term resistance against the greenback. Commodity Read more…
Australia NAB business confidence rose from -12 to 3 in January, turned positive. Business conditions, however, dropped from 8 to 3. Looking at some details, trading conditions dropped from 14 to 7. Profitability conditions dropped Read more…
RBNZ is currently commencing Central Bank Digital Currency (CBDC) proof-of-concept design work, which is a “multi-stage and multi-year effort”. The consultation on an issues paper Future of Money – Cash System Redesign, which closes on Read more…
The short-term Elliott wave view in WTI (CL) shows that we are looking for more upside to complete a 5 waves impulse structure, before a 3 swings pullback at least. The impulse move started from Read more…