NZD/USD attempts to rebound The US dollar slips as rising claims for unemployment benefits suggest a looser job market. After breaking below the daily demand zone around 0.6110, the kiwi has been struggling to find Read more…
Daily Pivots: (S1) 1.2438; (P) 1.2489; (R1) 1.2577; More… Intraday bias in GBP/USD remains mildly on the upside for the moment. Rebound from 1.2306 is in progress for retesting 1.2678 high. Decisive break there would Read more…
Daily Pivots: (S1) 1.2438; (P) 1.2489; (R1) 1.2577; More… Intraday bias in GBP/USD remains mildly on the upside for the moment. Rebound from 1.2306 is in progress for retesting 1.2678 high. Decisive break there would Read more…
Daily Pivots: (S1) 0.6511; (P) 0.6547; (R1) 0.6608; More… AUD/USD’s strong break of 0.6558 minor resistance confirm short term bottoming at 0.6457, just ahead of 61.8% projection of 0.7156 to 0.6563 from 0.6817 at 0.6451. Read more…
Main focus now turns to US non-farm payroll report today. Markets are expecting 180k job growth in May. Unemployment rate is expected to tick up from 3.4% to 3.5%. Meanwhile, average hourly earnings are expected Read more…
Thanks to the incredible advancements in horizontal drilling and fracking technology, the United States has experienced a mind-blowing shale revolution. They’ve become the heavyweight champion of crude oil production, leaving Saudi Arabia and Russia in Read more…
Despite coming under some pressure against its US counterpart lately, the British pound remains the best performing currency year-to-date. Will it continue performing well henceforth? With underlying inflation creeping up again in April, investors are Read more…