Daily Forex News

At this point, intraday bias in EUR/USD remains neutral as it’s still staying in range of 1.4807/5047. On the downside, though, break of 1.4807 will affirm the case that rise from 1.4626 has completed and will fall further to 1.4626 support next. On the upside, though, break of 1.5047/5061 resistance…

GBP/USD’s fall extends further to as low as 1.6616 so far. At this point, intraday bias remains cautiously on the downside as long as 1.6750 minor resistance holds and further fall could be seen to 1.6516 support next. Break there will indicate that whole rise from 1.5706 has completed with…

Intraday outlook in USD/CHF remains neutral for the moment as it’s still bounded in range of 1.0032/0208. On the downside, break of 1.0032/34 will bring fall resumption to parity first and then 0.9634 key support. On the upside, however, break of 1.0208 will indicate that fall from 1.0337 has completed…

EUR/JPY’s fall is still in progress and is set to take on 131.56 support first. Break will confirm that whole decline from 138.74 has resumed for 129.02 support next. On the upside, while some recovery might be seen, upside is expected to be limited below 133.99 resistance and bring another…

GBPJPY’s fall extends further in early US session and reaches as low as 147.52 so far. The break of 148.23 support indicates that fall from 151.57 is resuming for 146.36 support. Break there will confirm that whole decline from 153.21 has resumed too, for 144.51 support and then 139.69 low….

USD/JPY’s break of 88.73 confirms that whole decline from 92.31 has resumed. Intraday bias remains on the downside and further fall should be seen to 88.00 support first. Break will bring medium term down trend resumption to 87.12 low. On the upside, above 89.13 minor resistance will turn intraday bias…

Risk aversion dominates the markets as global stocks pay little attention to upgraded forecasts from OECD and weaken broadly. Japanese yen is the biggest winner with persistent strength seen today. Dollar also followed as gold dips to 1133 but subsequent recovery in gold but dollar buys are still hesitating to…

Despite yesterday’s brief bounce to 134.01, as the single currency ran into heavy selling pressure there and slipped again today, suggesting initial downside bias remains for marginal weakness to 131.50/60, however, as broad outlook is still consolidative and as long as support at 131.01 holds, we are keeping our count…

Despite recovering to 0.9338 yesterday, the intra-day selloff suggests a temporary top has possibly been formed at 0.9407 on Monday and downside risk is seen for correction to 0.9140/45 (previous resistance turned support), however, only break there would confirm and further fall to 0.9100 would follow.

Despite early retreat from 1.6001 to 1.5597, as the currency pair found support right above indicated calculated level at 1.5525 (61.8% Fibonacci retracement of 1.5231-1.6001) and rebounded from there, suggesting upside bias remains for another rise to 1.6001. However, it is necessary to see a breach of next resistance at…