Daily Pivots: (S1) 0.9495; (P) 0.9553; (R1) 0.9596; More… Intraday bias in USD/CHF remains on the downside for the moment. Decline from 0.9868 is seen as a leg in the corrective pattern from 1.0063. Deeper Read more…
Daily Pivots: (S1) 1.0055; (P) 1.0127; (R1) 1.0193; More… EUR/USD’s rebound from 0.9863 is still in progress and intraday bias stays on the upside. Sustained trading above 55 day EMA (now at 1.0169) raise the Read more…
UK payrolled employment rose 71k or 0.2% mom in August. Comparing with the same month a year ago, payrolled employees rose 803k to 2.8% yoy. Monthly pay rose 6.5% yoy. Claimant count rose 6.3k, versus Read more…
USD/JPY: On the H4 chart, price is still respecting the ascending channel. We are still bullish bias- Price is currently testing along the trend line. If price continues with the bullish momentum, it should bring Read more…
Daily Pivots: (S1) 1.1618; (P) 1.1665; (R1) 1.1728; More… GBP/USD’s rebound from 1.1404 short term bottom is in progress. Intraday bias stays on the upside for 55 day EMA (now at 1.1924). On the downside, Read more…
Dollar and Yen are staying as the weakest ones for the week as focus turns to US inflation data. European majors are the strongest ones so far, even though Euro’s rise is losing some momentum. Read more…
US consumer inflation data will catch all attention today. Headline CPI is expected to decline -0.1% mom in August, with annual rate slowed from 8.5% yoy to 8.1% yoy. On the other hand, core CPI Read more…
Australia NAB business confidence improved from 8 to 10 in August. Business conditions rose from 19 to 20. Trading conditions rose from 26 to 30. Profitability conditions dropped from 18 to 16. Employment conditions also Read more…
Key Highlights GBP/USD started an upside correction above the 1.1650 resistance. It broke a major bearish trend line at 1.1580 on the 4-hours chart. The UK Claimant count could change -9.2K in August 2022. The Read more…
AUD/JPY and NZD/JPY formed bullish engulfing candles today, trading to their highest levels since 2015. With the US Dollar Index (DXY) falling for the fourth straight day, commodities, such as Gold and Silver, are getting Read more…