Yen accelerated higher in US session as the selloff in NASDAQ intensified. Profit-taking in heavyweight technology and semiconductor names deepened concerns that valuations in the AI space may have run too far, too fast. The move fueled risk aversion and sparked a flight to traditional safe havens, leaving commodity currencies under heavy pressure. Kiwi and […]
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Daily Pivots: (S1) 1.3298; (P) 1.3332; (R1) 1.3390; More… Intraday bias in GBP/USD stays neutral at this point. Consolidations from 1.3216 could extend further. But risk will stay on the downside as long as 1.3482 Read more…
Daily Pivots: (S1) 0.7853; (P) 0.7888; (R1) 0.7913; More…. Intraday bias in USD/CHF remains neutral and more consolidations could be seen below 0.7921. Further rally is still expected as long as 0.7746 support holds. Rise Read more…
Markets There was little ‘real’ market relevant news from the conflict in the Middle East, yesterday. There was hardly any progress on ideas/strategies to secure a passage through the Strait of Hormuz. Visibility on how Read more…