EUR/USD tried to resume the fall from 1.1213 last week but failed to break through 1.0330 support and recovered. Initial bias is turned neutral this week first. While stronger recovery cannot be ruled out, outlook will remain bearish as long as 1.0629 resistance holds. Firm break of 1.0330 will confirm decline resumption and target 61.8% […]
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The financial markets were jolted by Fed’s hawkish rate cut last week, sending ripples across stocks, bonds, currencies, precious metals, and even cryptocurrencies. Fed’s indication of prolonged restrictive monetary policy fueled risk aversion, pushing Dollar Read more…
USD/JPY’s rally from 139.57 resumed last week but retreated quickly after hitting 157.91. Initial bias stays neutral this week for consolidations. But outlook will remain bullish as long as 153.15 support holds. Break of 157.91 Read more…
GBP/USD’s fall from 1.3433 attempted to resume last week by breaching 1.2486, but quickly recovered after dipping to 1.2474. Initial bias is turned neutral this week for consolidations. Outlook will stay bearish as long as Read more…