Daily Pivots: (S1) 1.1309; (P) 1.1335; (R1) 1.1368; More… Intraday bias in EUR/USD remains neutral for the moment. Price action from 1.1185 are seen as corrective move. Break of 1.1284 will argue that larger down Read more…
Daily Pivots: (S1) 1.3532; (P) 1.3567; (R1) 1.3589; More… Intraday bias in GBP/USD remains neutral and outlook is unchanged. Pull back from 1.3478 should be contained by 1.3489 support to bring another rally. As noted Read more…
Daily Pivots: (S1) 0.9095; (P) 0.9134; (R1) 0.9161; More…. Intraday bias in USD/CHF remains neutral as range trading continues. On the downside, firm break of 0.9084 support will argue that choppy rise from 0.8925 has Read more…
Key Highlights EUR/USD started a fresh decline below the 1.1380 support. It traded below a bullish trend line with support near 1.1370 on the 4-hours chart. GBP/USD extended decline below the 1.3620 support zone. The Read more…
Daily Pivots: (S1) 113.49; (P) 113.82; (R1) 114.04; More… Intraday bias in USD/JPY remains mildly on the downside at this point. Considering bearish divergence condition in in daily MACD, it’s probably already in correction to Read more…
The forex markets are pretty steady in Asian session even though others trade with a slight risk-off tone. Major pairs and crosses are stuck inside Friday’s range for now. But volatility is guaranteed ahead, with Read more…
Japan PMI Manufacturing ticked up from 54.3 to 54.6 in January, below expectation of 55.0. PMI Services dropped sharply from 52.1 to 46.6. PMI Composite also dropped from 52.5 to 48.8. Usamah Bhatti, Economist at Read more…
Australia PMI Manufacturing dropped from 57.7 to 55.3 in January. PMI Services tumbled sharply from 55.1 to 45.0. PMI Composite also dropped from 54.9 to 45.3, first contraction follow three months of growth. All are Read more…
ECB Governing Council member Olli Rehn said over the weekend, “personally, I expect the economic data to remain relatively good despite being affected by the Omicron variant.” He added that rate hikes in 2023 would Read more…
Flash PMI data is released across Asia, Europe and the US. And on the back of last week’s risk-off week then markets may be more sensitive to soft data should it disappoint. US equities suffered Read more…