Eurozone PMI Services was finalized at 48.8 in September, down from August’s 49.8, a 19-month low. PMI Composite was finalized at 48.1, down from prior month’s 48.9, a 20-month low. Looking at some member state, Read more…
NZDUSD finally jumped above the weekly resistance of 0.5730 to top at 0.5800 in the wake of the RBNZ’s hawkish policy announcement early on Wednesday. Although the pair has already reversed its advance, the RSI continues to Read more…
The British Pound started a fresh increase from the 1.1000 zone against the US Dollar. The GBP/USD pair was able to climb above the 1.1100 and 1.1200 resistance levels. There was a close above the Read more…
Daily Pivots: (S1) 164.06; (P) 164.80; (R1) 166.17; More… Intraday bias in GBP/JPY stays on the upside as rise from 148.93 is in progress for retesting 169.10 high. Strong resistance could be seen there to Read more…
Daily Pivots: (S1) 142.61; (P) 143.34; (R1) 144.70; More…. Intraday bias in EUR/JPY remains mildly on the upside. Rise from 137.32 should target retesting 145.62 high. Firm break there will resume larger up trend. On Read more…
Daily Pivots: (S1) 0.8653; (P) 0.8699; (R1) 0.8749; More… Intraday bias in EUR/GBP remains mildly on the downside. Rise from 0.8201 could have completed at 0.9267 in three-wave corrective pattern. Sustained break of 55 day Read more…
Daily Pivots: (S1) 1.5144; (P) 1.5282; (R1) 1.5494; More… Intraday bias in EUR/AUD remains on the upside for the moment. Decisive break of 1.5396 key resistance carry larger bullish implication. Next target is 161.8% projection Read more…
Daily Pivots: (S1) 0.9750; (P) 0.9775; (R1) 0.9808; More…. Intraday bias in EUR/CHF remains mildly on the upside for 0.9864 key resistance. Firm break there will solidify the case of medium term bottoming at 0.9407, Read more…
Daily Pivots: (S1) 1.3453; (P) 1.3559; (R1) 1.3614; More… Intraday bias in USD/CAD remains on the downside at this point. Correction from 1.3832 could extend lower. But downside should be contained above 1.3222 resistance turned Read more…
Daily Pivots: (S1) 0.9741; (P) 0.9842; (R1) 0.9898; More… Intraday bias in USD/CHF remains neutral at this point, as consolidation form 0.9964 is still extending. Further rally is in favor as long as 0.9694 support Read more…