Daily Pivots: (S1) 0.8443; (P) 0.8460; (R1) 0.8490; More… Intraday bias in USD/CHF stays neutral as range trading continues. With 0.8548 resistance intact, further decline is still expected. On the downside, break of 0.8374 will resume the fall from 0.9223 to retest 0.8332 low. Decisive break there will indicate larger down trend resumption. However, considering […]
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Dollar regained its dominance in the currency markets last week, surging ahead despite US Treasury yields struggling to break through resistance levels. Investors continued to adjust their expectations for Fed’s monetary policy, increasingly anticipating a Read more…
EUR/USD’s decline from 1.1213 resumed last week and fell to as low as 1.0495, before recovering just ahead of 100% projection of 1.1213 to 1.0760 from 1.0936 at 1.0483. Initial bias stays neutral this week Read more…
USD/JPY’s rise from 139.57 continued last week and hit as high as 156.74 before retreating. Initial bias stays neutral this week first and some consolidations could be seen. But further rally is expected as long Read more…