Daily Pivots: (S1) 0.8744; (P) 0.8776; (R1) 0.8815; More… Intraday bias in EUR/GBP remains neutral first. On the downside, sustained trading below 55 day EMA (now at 0.8656) will extend the fall from 0.9267 (as Read more…
Daily Pivots: (S1) 1.5253; (P) 1.5286; (R1) 1.5344; More… Intraday bias in EUR/AUD stays neutral first and further rally is expected with 1.5047 support intact. Firm break of 1.5416 will carry larger bullish implication. Next Read more…
Daily Pivots: (S1) 0.9669; (P) 0.9693; (R1) 0.9708; More…. Intraday bias in EUR/CHF stays neutral first. On the upside, above 0.9798 will resume the rebound to 0.9864 resistance. Firm break there will solidify the case Read more…
Gold prices are continuing the decline from the 1,730 resistance level, dropping back below the long-term descending trend line. In trend indicators, the 20- and 50-day simple moving averages (SMAs) are acting as support and Read more…
The Nasdaq 100 tumbles as the Fed is likely to stick to its aggressive hike policy. The index has previously bounced off its two-year low at 10840 and a break above 11500 temporarily eased the Read more…
Gold slipped after the US dollar regained strength over upbeat nonfarm payrolls. The precious metal came under pressure near September’s high at 1730. As the RSI showed exhaustion, a combination of short-term profit-taking and fresh Read more…
The US dollar finds support from a stronger-than-expected jobs report in September. The pair has been consolidating its gains after a vertical ascent lately. An overbought RSI on the daily chart calls for a limited Read more…
Markets Friday’s strong US jobs report dashed any hopes – fueled by weaker data at the beginning of last week – that the Fed is able to ease the tightening pace any time soon. Especially Read more…
Friday’s US jobs data wasn’t exactly what investors had wished for. The US economy added 263’000 new nonfarm jobs in September (slightly higher than 250’000 expected), the wages grew 0.3% over the month (as expected), Read more…
Market movers today It is the big inflation week with US CPI being the main mover coming on Thursday. If it comes out high again it will seal a 75bp hike by the Fed later Read more…