Daily Pivots: (S1) 1.3538; (P) 1.3573; (R1) 1.3605; More… Intraday bias in USD/CAD remains on the downside as fall from 1.4791 is in progress. Next target is 100% projection of 1.4414 to 1.3749 from 1.4014 at 1.3349. On the upside, break of 1.3650 minor resistance will turn intraday bias neutral and bring consolidations first. In […]
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EURUSD stabilizes after 3½-year high as Middle East tensions escalate. Technical picture continues to favor the bulls; next barrier likely near 1.1685. EURUSD surged to a three-and-a-half-year high of 1.1630, following weaker-than-expected U.S. inflation data Read more…
Gold trades within a narrow range on Tuesday morning, following almost 2% drop on Monday and daily close below psychological $3400 support (reverted to resistance and caps the action for now). Surprise drop despite escalation Read more…
This morning, the Bank of Japan (BOJ) released its interest rate decision, keeping the rate unchanged as widely expected. According to Forex Factory, the BOJ Policy Rate remains at 0.5%. BOJ Governor Kazuo Ueda noted Read more…