EUR/USD’s decline extended to as low as 1.0487 last week before recovering mildly. Initial bias remains neutral this week for some more consolidations. While stronger rebound cannot be ruled out, near term outlook will stay bearish as long as 1.0764 support turned resistance holds. Break of 1.0487 will resume the fall from 1.1274 to 1.0199 […]
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The NFP report will provide insights into the health of the US labor market and may influence the Federal Reserve’s interest rate decisions. The consensus forecast is 160,000 jobs added, with the unemployment rate expected Read more…
At the start of the current trading week, there was a sharp pullback in major currency pairs. GBP/USD climbed to 1.2580, EUR/USD tested 1.0400 as resistance, and USD/CAD temporarily dropped below 1.4200. However, dollar sellers Read more…
Daily Pivots: (S1) 193.47; (P) 194.64; (R1) 195.81; More… Intraday bias in GBP/JPY stays mildly on the downside for the moment. Rise from 188.07 might have completed at 198.84 already. Deeper fall would be seen Read more…