Month: October 2022

EURAUD reversed from resistance level 1.5335 Likely to fall to support level 1.500 EURAUD recently reversed down from the key resistance level 1.5335 (which has been reversing the price from the start of March), upper Read more…

Markets Core bonds kick off the final quarter of the year recovering from the massacre they had to endure over the course of August and September. It was the Bank of England that ushered in Read more…

US ISM Manufacturing PMI dropped from 52.8 to 50.9 in September, below expectation of 52.3. That’s the lowest level since May 2020. Looking at some details, new orers dropped from 51.3 to 47.1. Production rose Read more…

The week is off to an eventful start with the UK government announcing its first u-turn, speculation mounting ahead of the OPEC+ meeting and Japan warning of another possible FX intervention. Equity markets have been Read more…

Spot gold price rose on Monday, generating initial signal of bullish continuation after the action in past two days moved in a large swings but without direction, leaving a double – Doji candles, one with Read more…

Daily Pivots: (S1) 144.36; (P) 144.59; (R1) 144.96; More… Intraday bias in USD/JPY stays neutral first, and consolidation from 145.89 could extend. Further rally is expected as long as 139.37 resistance turned support holds. Break Read more…

Daily Pivots: (S1) 0.9779; (P) 0.9828; (R1) 0.9918; More… Intraday bias in USD/CHF remains neutral and outlook is unchanged. On the upside, above 0.9964 will resume the rally from 0.9369 to retest 1.0063 high. On Read more…

Daily Pivots: (S1) 0.9740; (P) 0.9797; (R1) 0.9859; More… Intraday bias in EUR/USD remains neutral and outlook is unchanged. Break of 0.9634 minor support will suggest that larger down trend is ready to resume. Intraday Read more…

Daily Pivots: (S1) 1.1052; (P) 1.1143; (R1) 1.1260; More… GBP/USD’s rebound from 1.0351 is in progress and intraday bias stays on the upside, Further rally would be seen to 61.8% retracement of 1.2292 to 1.0351 Read more…