Intraday bias in EUR/USD is turned neutral first with current retreat. On the downside, break of 1.1575 support will resume the fall from 1.1848 to retest 1.1408 low. Above 1.1865 will target 1.1795 resistance. Firm break there will argue that rise from 1.1408 is ready to resume through 1.1848. In the bigger picture, the strong […]
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Broadcom reports fiscal second-quarter earnings on June 3. The bar is high. The stock is up 80% over the past year and trades at 37 times forward earnings. One of the most respected semiconductor analysts Read more…
Intraday bias in USD/JPY is back on the upside with break of 159.64 temporary top. Rise from 155.01 should continue to retest 160.71 high. Strong resistance should be seen there to bring reversal. On the Read more…
Range trading continues in 1.3300/3508 in GBP/USD and intraday bias remains neutral. On the upside, above 1.3508 will extend the rebound from 1.3300 to 1.3657 resistance first. On the downside, below 1.3300 will bring deeper Read more…