EURUSD has been on a downward path since registering on July 18 a new 2023 high, which is also the highest print since February 25, 2022. Seven consecutive red candles reveal the euro bulls’ inability to hold Read more…
Daily Pivots: (S1) 180.61; (P) 181.57; (R1) 183.22; More… Intraday bias in GBP/JPY remains neutral and outlook is unchanged. On the downside, break of 179.45 will resume the correction from 183.90 to 55 D EMA Read more…
Daily Pivots: (S1) 180.61; (P) 181.57; (R1) 183.22; More… Intraday bias in GBP/JPY remains neutral and outlook is unchanged. On the downside, break of 179.45 will resume the correction from 183.90 to 55 D EMA Read more…
UK’s economic landscape appears increasingly precarious, as evidenced by disappointing July PMI readings. Manufacturing PMI plunged to a 38-month low of 45.0, from 46.5 and underperforming expectation of 46.1. the Services PMI dipped to a Read more…
Daily Pivots: (S1) 1.2811; (P) 1.2858; (R1) 1.2899; More… Intraday bias in GBP/USD remains mildly on the downside for the moment. Fall from 1.3141 short term top should extend to r 55 D EMA (now Read more…
Daily Pivots: (S1) 0.6707; (P) 0.6747; (R1) 0.6772; More… Intraday bias in AUD/USD remains mildly on the downside at this point. Deeper decline should be seen but downside should be contained above 0.6594 support to Read more…
Daily Pivots: (S1) 0.6707; (P) 0.6747; (R1) 0.6772; More… Intraday bias in AUD/USD remains mildly on the downside at this point. Deeper decline should be seen but downside should be contained above 0.6594 support to Read more…
DXY: The DXY (US Dollar Index) chart indicates a bearish overall momentum, attributed to the price being below a significant descending trend line, suggesting a potential continuation of the bearish trend. The price may potentially Read more…
Japan’s PMI Manufacturing dropped slightly from 49.8 in June to 49.4 in July, falling short of the forecasted 50.1. Despite this, PMI Manufacturing Output showed a minor uptick, climbing from 48.1 to 48.4. PMI Services Read more…
Key Highlights EUR/USD started a downside correction from the 1.1275 zone. It broke a key bullish trend line with support near 1.1160 on the 4-hour chart. GBP/USD is also correcting lower below the 1.3000 support. Read more…