Daily Pivots: (S1) 1.1159; (P) 1.1247; (R1) 1.1408; More… Intraday bias in GBP/USD stays on the upside. Rise from 1.0351 short term bottom would target 61.8% retracement of 1.2292 to 1.0351 at 1.1551. Strong resistance Read more…
USDJPY is struggling to surpass the 145.00 psychological mark and have a closing day above it, switching the short-term picture from bullish to neutral. The technical oscillators are suggesting a bearish move as the stochastic Read more…
The Nasdaq 100 climbed after a decline in US job openings in August. The index bounced off a two-year low (10800) and a close above 11300 prompted short-term sellers to cover their positions. A rally Read more…
The New Zealand dollar rallied as the RBNZ raised its cash rate by 50bp. As the pair hovers above March 2020’s lows around 0.5500, the RSI’s oversold condition triggered a ‘buy-the-dips’ behaviour. Recent highs are Read more…
The Australian dollar struggled as the RBA slowed the pace of tightening with a mere 25bp hike. A previous break above 0.6500 flushed out some selling interests and gave the aussie a little breathing room. Read more…
Markets Monday’s strong corrective rally on core bond markets initially continued as the RBA slowed down its tightening pace from 50 bps to 25 bps as downside economic risks grab more attention. It polished global Read more…
Global equities, bonds, commodities and currencies rallied, as the US dollar eased further yesterday. Soft US JOLTS data, and softer-than-expected Reserve Bank of Australia (RBA) hike sent a wave of optimism across the global markets. Read more…
Market movers today Today, we get the final September service PMIs globally and the ISM service index in the US. Earlier in the week, the US ISM manufacturing index disappointed by falling to 50.9 vs. Read more…
USD/JPY: The price is moving in a clear bullish trend on the H4 chart. In addition, the price is above the ichimoku cloud, a bullish market indicator. Overnight, the price responded lower off of the Read more…
Daily Pivots: (S1) 0.9862; (P) 0.9930; (R1) 1.0055; More… EUR/USD’s rebound from 0.9534 is still in progress and intraday bias stays on the upside. Considering bullish convergence condition in daily MACD, sustained break of 55 Read more…