Month: September 2022

The Australian dollar can’t find its footing and continues to lose ground against the surging US dollar. AUD/USD was down considerably earlier today but has pared most of these losses. In the North American session, Read more…

Daily Pivots: (S1) 144.29; (P) 144.60; (R1) 145.14; More… No change in USD/JPY’s outlook as consolidation continues. Intraday bias remains neutral first. Further rally is expected as long as 139.37 resistance turned support holds. Break Read more…

Daily Pivots: (S1) 0.9852; (P) 0.9912; (R1) 0.9975; More USD/CHF is staying in consolidation from 0.9964 and intraday bias stays neutral. In case of another retreat, downside should be contained by 4 hour 55 EMA Read more…

Daily Pivots: (S1) 0.9551; (P) 0.9610; (R1) 0.9652; More… Intraday bias in EUR/USD stays mildly on the downside despite loss of downside momentum. Current down trend should target 161.8% projection of 1.0368 to 0.9863 from Read more…

Daily Pivots: (S1) 1.0645; (P) 1.0742; (R1) 1.0829; More… GBP/USD is staying in consolidation above 1.0351 temporary low and intraday bias remains neutral. While stronger recovery cannot be ruled out, upside should be limited by Read more…

In a surprised move, BoE announced to intervene in the gilt markets. While 10-year gilt yield drops notably on the news, the recovery in FTSE is just mild. Sterling also just fluctuates and it’s trading Read more…

So, the Bank of England finally intervenes after coming under so much pressure to act as they saw borrowing costs soar, while bonds, sterling and the FTSE all got a hammering. In response, we saw Read more…

US goods exports dropped -0.9% mom to USD 179.8B in August. Goods imports dropped -1.7% mom to USD 267.1B. Trade deficit came in at US D-87.3B, comparing with July’s USD -90.2B. Wholesale inventories rose 1.3% Read more…