EURGBP erased Tuesday’s fast pickup, extending its two-day decline to a new one-month low of 0.8740 early on Friday. The bulls ran out of fuel near the 38.2% Fibonacci retracement of the 0.8201-0.9249 uptrend at Read more…
Daily Pivots: (S1) 1.0968; (P) 1.1030; (R1) 1.1073; More… Range trading continues in EUR/USD and intraday bias remains neutral. Outlook stays bullish as long as 1.0908 support holds. Further rally remains in favor for now. Read more…
Daily Pivots: (S1) 1.0968; (P) 1.1030; (R1) 1.1073; More… Range trading continues in EUR/USD and intraday bias remains neutral. Outlook stays bullish as long as 1.0908 support holds. Further rally remains in favor for now. Read more…
Daily Pivots: (S1) 0.6653; (P) 0.6680; (R1) 0.6719; More… AUD/USD’s rebound from 0.6572 extends higher today but stays well below 0.6804 resistance. Intraday bias remains neutral at this point. Near term outlook also stays bearish Read more…
China’s Caixin PMI Services dropped to 56.4 in April, down from 57.8 in March and slightly below the expected 56.5. According to Caixin, the sector experienced slower yet still sharp increases in activity and new Read more…
The Federal Reserve delivered its tenth consecutive rate hike on Wednesday, as expected, but reset its guidance to indicate increased emphasis on incoming data. Hence, Friday’s nonfarm payrolls will be the next test for the US dollar at 12:30 Read more…
Gold price pulled back from the zone of record highs, which was tested for the third time in post-Fed acceleration, sparked by fresh safe haven demand following the central bank’s dovish steer in rate outlook Read more…