Your Friend LLC

Intraday bias in USD/CHF remains neutral as the pair still lacks decisive momentum for a meaningful rebound. Price actions from 1.0506 are treated as correction to rise from 0.9916 only. We still expect it to be contained by mentioned 1.0141/0175 (61.8% retracement of 0.9916 to 1.0506 at 1.0141) support zone….

USD/JPY’s sharp fall in early US session suggests that recovery from 90.74 might have completed at 92.03 already after hitting 4 hours 55 EMA. Intraday bias is cautiously on the downside and break of 90.74 support will indicate that whole fall from 93.74 has resumed for 87.36 support next. Break…

The 4H time-frame shows a break of near-term downsloping trendline ahead of the European session. There was a ?knee? in the stochastic and it is still bullish. We may have a rally back towards the 93.00 area in the US session. If the market breaks above 93.30, an intermediate bullish…

In the 4H time-frame, where the reward to risk ratio for the 1.57 projection should be made, there is topping action, and stochastic reading is in overbought position, though not yet showing that its done. The upsloping trendline, and the powerline at 1.6240 can be used as signals. But it…

Having reached a one-month high midweek against the U.S. dollar, the euro is hovering above $1.4500 in early Thursday trading awaiting the outcome of the monthly ECB meeting. While there is no change to interest rate settings expected, investors eagerly await policy makers’ approach to the progress or plans of…

The USD is trading mixed to lower in reaction to a statement from the Feds’ Dudley that short-term interest rates may stay low for as long as two more years and improving risk appetite as Asian equity markets rally, GBP supported by statement from Moody’s that UK officials are aware…

The European Central Bank announced their interest rates, as they left them steady, the lowest on records at 1%. The ECB withholds their stance on further rate cuts as inflation rates are still below the banks set target rates of 2% while growth remains impaired in the euro zone. The…

The Federal Reserve Bank released its Beige Book yesterday, which showed that conditions improved slightly over the holiday season, as spending moderately rose and that provided support for economic growth; although the Feds signaled that conditions in the labor market remained weak over the past period, while price pressures remained…

Though Aussie is continuing to trade higher, a strong break above the Resistance at 0.9325 was not seen during the day. If it continues to trade lower, we might see a downmove once again towards the Support region 0.9200-0.9180. However, the broader picture continue to remain bullish and a break…

The dollar index traded flat ahead of the ECB press conference, however, the market had two important exceptions from two major pairs moving in opposite directions. At a time when the euro and the pound had a 40-pip range overnight, the aussie advanced as much as 90 pips to reach…