Daily Pivots: (S1) 1.0482; (P) 1.0557; (R1) 1.0599; More… No change in EUR/USD’s as it’s still bounded in range of 1.0481/0733. Intraday bias stays neutral for the moment. On the downside, break of 1.0481 will Read more…
Credit: Robert Triggs / Android Authority Samsung is projecting its lowest quarterly profit in eight years. The slump comes from a weakened demand for chips and smartphones. Samsung blames the current global economic situation, high Read more…
Daily Pivots: (S1) 1.1981; (P) 1.2034; (R1) 1.2111; More… Intraday bias in GBP/USD is back on the downside with break of 1.1899 temporary low. Sustained trading below 55 day EMA (now at 1.19383) will extend Read more…
The forex markets are largely in tight range in Asian session today. Dollar is currently the strongest one for the week, after the rally attempt overnight. But traders are still holding their bets ahead of Read more…
Focuses will once again turn to US non-farm payrolls data today. Markets are expecting 200k job growth in December. Unemployment rate is expected to be unchanged at 3.7%. Average hourly earnings are expected to continue Read more…
St. Louis Fed President James Bullard said yesterday that FOMC aggressive actions in 2022 and planned rate hike in 2023 has “returned inflation expectations to a level consistent with the Fed’s 2% inflation target.” “During Read more…
ECB Governing Council member Francois Villeroy de Galhau said yesterday, “it would be desirable to reach the right ‘terminal rate’ by next summer, but it is too early to say at what level.” “We’ll then Read more…
Key Highlights USD/JPY is attempting a recovery wave above the 131.50 resistance zone. A major bearish trend line is forming with resistance near 133.60 on the 4-hours chart. Gold remains well supported above the $1,820 Read more…
The US ADP Employment Change for December showed that 235,000 private jobs were added to the economy vs an expectation of +150,000. November’s print was revised higher from +127,000 to +182,000. Keep in mind however Read more…
AUDCAD reversed from resistance area Likely to fall to support level 0.9071 AUDCAD currency pair recently reversed down sharply from the resistance area located between the pivotal resistance level 0.9325 (top of the previous correction Read more…