US Session: Orders and Options Watch

EUR: Although option-defensive bids from Asian CBs limited euro’s downside in early European session, renewed selling interest emerged at 1.3064 and the single currency dropped again from there, finally triggered option barrier at 1.3000 and next barrier at 1.2950 is now in focus with bids from same parties still noted

GBP/USD Mid-Day Outlook

Intraday bias in GBP/USD remains on the downside for 1.5422 support. Recent fall from 1.6165 is still in favor to continue and break of 1.5422 will confirm resumption for 1.5271 support next. On the upside, above 1.5561 minor resistance will turn bias neutral and extend the consolidation from 1.5422. But

USD/CHF Mid-Day Outlook

USD/CHF’s rally extends further to as high as 0.9494 so far and intraday bias remains on the upside for 61.8% projection of 0.8567 to 0.9330 from 0.9065 at 0.9537. On the downside, below 0.9341 minor support will turn bias neutral and bring consolidations. But break of 0.9065 support is need

US Session: Orders and Options Watch

EUR: Although option-defensive bids from Asian CBs limited euro’s downside in early European session, renewed selling interest emerged at 1.3064 and the single currency dropped again from there, finally triggered option barrier at 1.3000 and next barrier at 1.2950 is now in focus with bids from same parties still noted

GBP/USD Mid-Day Outlook

Intraday bias in GBP/USD remains on the downside for 1.5422 support. Recent fall from 1.6165 is still in favor to continue and break of 1.5422 will confirm resumption for 1.5271 support next. On the upside, above 1.5561 minor resistance will turn bias neutral and extend the consolidation from 1.5422. But

USD/JPY Mid-Day Outlook

USD/JPY’s break of 78.09 minor resistance suggests that pull back from 78.28 is finished at 77.13 already and rebound from 76.57 is resuming. Intraday bias is back on the upside for 78.28 and then 100% projection of 76.57 to 78.28 from 77.13 at 78.84. Nonetheless, note that such rebound is

USD/CHF Mid-Day Outlook

USD/CHF’s rally extends further to as high as 0.9494 so far and intraday bias remains on the upside for 61.8% projection of 0.8567 to 0.9330 from 0.9065 at 0.9537. On the downside, below 0.9341 minor support will turn bias neutral and bring consolidations. But break of 0.9065 support is need

EUR/USD Mid-Day Outlook

EUR/USD drops further to as low as 1.2965 and intraday bias remains on the downside. Current fall should now target 1.2873 first. Break will pave the way to 1.1875 low next. On the upside, 1.3099 minor resistance will turn bias neutral and bring recovery. But upside should be limited below

USD/JPY Mid-Day Outlook

USD/JPY’s break of 78.09 minor resistance suggests that pull back from 78.28 is finished at 77.13 already and rebound from 76.57 is resuming. Intraday bias is back on the upside for 78.28 and then 100% projection of 76.57 to 78.28 from 77.13 at 78.84. Nonetheless, note that such rebound is

Trade Idea Wrap-up: USD/CHF – Buy at 0.9395

Although the greenback has risen again after brief pullback to 0.9430 and further gain to 0.9520/25 would be seen, loss of near term upward momentum should prevent sharp move beyond 0.9551-52 (1.618 times projection of 0.9067-0.9299 measuring from 0.9176 and 100% projection of 0.9182-0.9391 measuring from 0.9343) and reckon 0.9590-00