Daily Pivots: (S1) 1.0826; (P) 1.0839; (R1) 1.0848;
EUR/USD is losing some downside momentum but intraday bias stays on the downside for 161.8% projection of 1.1172 to 1.0992 from 1.1095 at 1.0804. Break there will target 200% projection at 1.0735 next. On the upside, above 1.0888 minor resistance w
Dragon Payments Ltd., which was formerly known as the London Block Exchange (LBX), shut down its operations late last week with an announcement that it is being liquidated after a “winding up order” (a court order that forces an insolvent company into obligatory liquidation) that was p
Daily Pivots: (S1) 1.0929; (P) 1.0957; (R1) 1.0972;
Intraday bias in EUR/USD remains on the downside as fall from 1.1239 is in progress. Corrective rise from 1.0879 should have completed with three waves up to 1.1239. Deeper fall should be seen for retesting 1.0879 low. On the upside, above 1.0985 m
GBP/USD pulls back from the weekly high, takes a U-turn from near-term key resistance line.
23.6% Fibonacci retracement, six-week-old rising trend line are on sellers’ radar.
GBP/USD remains modestly changed to 1.3090 during the Asian session on Friday. The pair earlier bounced off a multi-week-old
It was a rough morning.
The major indices opened lower and continued to drop in the morning. At one point, the S&P was down almost 1.0%.
The early losses were tied to ongoing coronavirus concerns and a rising death toll in China. There are now more than 8,000 confirmed cases and 171 deaths.
USD/JPY remains on the road to recovery.
Mixed clues from China keep the risk-tone directionless and fragile.
Fed isn’t expected to alter monetary policy but the Chair’s press conference will be the key.
USD/JPY keeps the range between 109.00 and 109.30, currently declining to 109.12, as Wednesday’
Aussie fourth quarterly CPI has arrived with the headline slightly better than expected at +0.7 pct Q/Q vs a Reuters poll +0.6 pct – (slightly AUD bullish). There was also a beat in the YoY Trimmed Mean which is bullish AUD and an upside correction can be expected vs the greenback.
Data as follows
Daily Pivots: (S1) 1.1007; (P) 1.1022; (R1) 1.1035;
Intraday bias in EUR/USD remains on the downside as fall from 1.1239 is in progress for 1.0981 support. Break there should confirm completion of corrective rise from 1.0879 at 1.1239. Further fall should then be seen to retest 1.0879 low. On the up
AUD/USD is reporting gains, validating seller exhaustion signaled by Wednesday's Doji.
A bullish Doji reversal would be confirmed if Thursday's close is above 0.6856.
AUD/USD picked up a bid around the 100-day average at 0.6840 about an hour ago and jumped to 0.6879 on the back of an upbeat Aussie
Daily Pivots: (S1) 0.8516; (P) 0.8534; (R1) 0.8548;
Intraday bias in EUR/GBP stays neutral first and, with 0.8479 minor support intact, further rise is mildly in favor. Above 0.8595 will extend the rebound from 0.8276 to 38.2% retracement of 0.9324 to 0.8276 at 0.8676. However, firm break of 0.8479
WTI holds on to recovery gains, backed by a week-start gap-up.
Libyan oil exports are stopped, the Berlin conference favors no external meddling.
Receding odds of the US-Iran war, the US off might trigger the pullback.
WTI begins the week’s trading with a leap from Friday’s close of $58.60 to $59.2
EUR/USD recovered to 1.1172 last week but reversed and dropped sharply from there. The development suggests that a head and shoulder top could be formed (ls: 1.1199, h: 1.1239, rs: 1.1172. Focus is now on 1.1085 support this week. Break there will argue that whole corrective rise from 1.0879 has com
Iranian Supreme Leader Ali Khamenei was on the wires some minutes ago, via Reuters, noting that the US showed its terrorist nature by killing the Quds Force Commander Soleimani earlier this month.
Soleimani killing was a disgrace for the US administration.
Increasing sanctions on
AUD/USD respects better than forecast increase in Industrial Production and Retail Sales.
The US gaining an upper hand in the latest trade deals helps greenback to cheer the recently upbeat US data.
Few more of the US data-dossier, Fedspeak and trade/political headlines will be in focus for now.
USD/CNH looks set to revisit the weekly low of 6.8659.
A deeper drop looks unlikely as the US-China phase one deal was priced in advance.
USD/CNH is reversing lower from the descending or bearish 5-day moving average (MA) resistance and risks revisiting the weekly low of 6.8659.
The pair is curre