Daily Pivots: (S1) 0.8810; (P) 0.8843; (R1) 0.8860; More… Intraday bias in USD/CHF remains neutral as consolidation from 0.8776 is still in progress. Further decline is expected as long as 0.8923 resistance holds. On the downside, break of 0.8776 will resume the fall from 0.9223 to 61.8% retracement of 0.8332 to 0.9223 at 0.8672 next. […]
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Markets November US CPI data came in bang in line with consensus. Monthly growth of 0.3% for both the headline and the core series resulted in annual readings of respectively 2.7% (from 2.6%) and 3.3% Read more…
Daily Pivots: (S1) 0.8221; (P) 0.8236; (R1) 0.8248; More… EUR/GBP’s down trend is still in progress and intraday bias stays on the downside for 0.8201 key support. Strong support could be seen there to bring Read more…
Australian Dollar staged an impressive rebound today, driven by robust employment data that surprised markets and cast doubt on the likelihood of a February rate cut by RBA. The stronger-than-expected labor market performance challenges the Read more…