The yen softened after the Bank of Japan signaled no shift in its ultra-loose monetary policy. The US dollar bounced off the critical floor at 113.50 from the daily chart. A bullish RSI divergence revealed Read more…
The sterling fell back after a slowdown in Britain’s wage growth in November. Sentiment favors the pound after it rallied above the daily resistance at 1.3700. However, an overbought RSI has cut back buyers’ appetite. Read more…
Silver’s rebound from 21.39 resumed by breaking through 23.42 and hitting as high as 23.63 so far. Further rise is now in favor as long as 22.79 support holds. Next target is 100% projection of Read more…
EUR/USD Yesterday, the pair continued to lose ground against the U.S. dollar, reaching the support at 1.1320. It seems that the bears have started to lose momentum and, at the time of writing, the price Read more…
Markets The new paradigm that dominates trading since the start of the year simply continued as trading resumed post Martin Luther King Day. Markets ever more see inflation as an obstacle to growth rather than Read more…
Daily Pivots: (S1) 155.23; (P) 156.07; (R1) 156.65; More… Intraday bias in GBP/JPY remains neutral first. Overall, further rise is still expected with 154.86 support intact. On the upside, decisive break of 158.19 high will Read more…
Daily Pivots: (S1) 129.27; (P) 130.23; (R1) 130.75; More…. The break of 129.59 support dampens our bullish view and indicates that rebound from 127.36 has completed at 131.59 already. Intraday bias is back on the Read more…
Daily Pivots: (S1) 0.8312; (P) 0.8345; (R1) 0.8364; More… Intraday bias in EUR/GBP is back on the downside as recent down trend is resuming. Further fall would be seen to 0.8276 key long term support. Read more…
Daily Pivots: (S1) 1.5724; (P) 1.5799; (R1) 1.5839; More… Intraday bias in EUR/AUD remains neutral and outlook is unchanged. On the downside, break of 1.5559 will resume the fall from 1.6168 to retest 1.5250/5354 support Read more…
Daily Pivots: (S1) 1.0368; (P) 1.0403; (R1) 1.0426; More…. Intraday bias in EUR/CHF is back on the downside for 1.0324 low, as corrective rebound from there should have completed at 1.0510. Firm break of 1.0324 Read more…