Daily Pivots: (S1) 134.34; (P) 136.22; (R1) 137.24; More… Intraday bias in USD/JPY stays on the downside and deeper fall could be seen to 133.07 medium term fibonacci level. Some support could be seen there to bring recovery. Break of 137.66 support turned resistance will turn intraday bias neutral first. However, near term risk will […]
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I view the probabilities of downside and upside risks to inflation as broadly balanced. But at this point I am more worried about the possible consequences if the upside materialised, as this could require a Read more…
EUR/USD encountered significant pressure, testing a low of 1.0331 before rebounding to 1.0476, as market concerns mount over the potential economic slowdown in Europe and aggressive rate cuts by the European Central Bank (ECB). Recent Read more…
Gold switches to loses before reaching all-time high A consolidation phase likely in the short-term Gold felt Monday’s blues, retreating immediately toward its 20-day simple moving average (SMA) at 2,670 after five consecutive winning days. Read more…