Daily Pivots: (S1) 0.9806; (P) 0.9851; (R1) 0.9882; More…. Intraday bias in EUR/CHF stays neutral as consolidation from 0.9953 is in progress. Downside of retreat should be contained by 0.9798 resistance turned support to bring Read more…
Silver climbs as the US dollar retreats across the board. A rally above October’s high of 21.20 may have put the precious metal back on track. The psychological level of 22.00 at the start of Read more…
The Australian dollar rallied as risk appetite made its way back. The pair has been looking to consolidate its gains after it broke July’s high at 1.5400. The new demand zone above 1.5280 and over Read more…
The US dollar crumbled after data showed a deceleration in last month’s inflation. Its recent vertical ascent might just need more breathing room. After hovering above 145.10, a sharp fall suggests a mass liquidation from Read more…
The Euro started a decent increase above the 1.0050 and 1.0080 resistance levels against the US Dollar. The EUR/USD pair gained pace above the 1.0120 level to move into a positive zone. There was close Read more…
Daily Pivots: (S1) 1.3230; (P) 1.3401; (R1) 1.3492; More…. Intraday bias in USD/CAD remains on the downside as fall from 1.3976 is in progress. Strong support should be seen at 1.3207 cluster support (61.8% retracement Read more…
Daily Pivots: (S1) 0.6459; (P) 0.6546; (R1) 0.6705; More… Intraday bias in AUD/USD remains on the upside as rise from 0.6169 is in progress. Break of 0.6680 support turned resistance will carry larger bullish implications. Read more…
Daily Pivots: (S1) 0.9545; (P) 0.9722; (R1) 0.9813; More… USD/CHF’s decline accelerated to as low as 0.9617s so far, and there is no sign of bottoming yet. Sustained trading below 61.8% retracement of 0.9369 to Read more…
Asian Indices: Australia’s ASX 200 index rose by 193 points (2.77%) and currently trades at 7,157.00 Japan’s Nikkei 225 index has risen by 786.27 points (2.86%) and currently trades at 28,232.37 Hong Kong’s Hang Seng Read more…
The US headline inflation fell to 7.7% in October, versus 8.0% expected by analysts and from 8.2% printed a month earlier. It is a fairly nice easing. And more importantly, core inflation fell more than Read more…