Daily Pivots: (S1) 1.3870; (P) 1.3900; (R1) 1.3934; More… Intraday bias in GBP/USD remains neutral and outlook is unchanged. On the upside, break of 1.4008 should reaffirm the bullish case that correction from 1.4240 has completed. Further rise should be seen back to retest 1.4240 high. However, break...
Daily Pivots: (S1) 1.2063; (P) 1.2090; (R1) 1.2119; More…. No change in EUR/USD’s outlook as further rise is expected with 1.1992 minor support intact. Current rally from 1.1703 should target a test on 1.2242/2348 resistance zone. Decisive break there will resume larger up trend from 1.0635. On the...
Australian CPI, Inflation, Economic Recovery – Talking PointsAustralian Dollar sinks as inflation figures show easing price pressures in AU economyCPI print has implications for the Reserve Bank of Australia’s monetary policy outlookAUD/USD falls to key trendline after breaking below key inflection level through April Discover...
Daily Pivots: (S1) 1.1039; (P) 1.1055; (R1) 1.1067; More…. EUR/CHF is staying in consolidation from 1.1149 and intraday bias remains neutral. Deeper decline might be seen but downside should be contained by 1.0954 to bring rebound, and then rally resumption. On the upside, break of 1.1116 will argue...
Daily Pivots: (S1) 1.5431; (P) 1.5527; (R1) 1.5595; More… Intraday bias in EUR/AUD remains neutral and consolidation from 1.5250 could extend further. On the upside, break of 1.5672 will bring stronger rebound. But upside should be limited by 38.2% retracement of 1.6827 to 1.5250 at 1.5852. On the...
CRUDE OIL PRICE OUTLOOK:API reported a 4.32-million-barrel increase in crude inventories for the week ending April 23rdOPEC+ scrapped a meeting scheduled today as the oil cartel made no change to its tapering plan The DXY US Dollar index rebounded ahead of the FOMC press release, weighing on commodity...
Daily Pivots: (S1) 0.8679; (P) 0.8700; (R1) 0.8716; More… Range trading continues in EUR/GBP and intraday bias remains neutral first. On the upside, break of 0.8718 will resume the rebound from 0.8470, for 38.2% retracement of 0.9291 to 0.8470 at 0.8784. On the downside, break of 0.8587 will...