Daily Pivots: (S1) 1.0870; (P) 1.0908; (R1) 1.0960; More… Intraday bias in EUR/USD stays neutral first as today’s dip is contained by 1.0854 minor support so far. On the downside, break of 1.0854 will bring Read more…
US initial jobless claims dropped -4k to 228k in the week ending August 26, slightly above expectation of 227k. Four-week moving average of initial claims rose 250 to 237.5k. Continuing claims rose 28k to 1725k Read more…
Bullish acceleration within long-term secular uptrend to print a fresh all-time high of 166.60 yesterday, 30 August. Current minor pull-back of 102 pips from 166.60 all-time high has almost reached a short-term oversold condition as Read more…
Bullish acceleration within long-term secular uptrend to print a fresh all-time high of 166.60 yesterday, 30 August. Current minor pull-back of 102 pips from 166.60 all-time high has almost reached a short-term oversold condition as Read more…
Bullish acceleration within long-term secular uptrend to print a fresh all-time high of 166.60 yesterday, 30 August. Current minor pull-back of 102 pips from 166.60 all-time high has almost reached a short-term oversold condition as Read more…
WTI oil futures (October delivery) snapped the 81.00 barricade and crawled moderately back above the 20-day simple moving average (SMA), which has been capping upside movements over the past two weeks. While the latest bullish Read more…
In a set of prepared remarks, Atlanta Fed President Raphael Bostic noted emphasizing that the current restrictive stance is appropriate. He urged for a cautious and patient approach, warning against the potential for “unnecessary economic Read more…
Markets took a breather in today’s Asian trading session after Dollar experienced a significant selloff overnight. For now, the greenback seems to have found some footing, as market participants shift their focus to the release Read more…
China’s official PMI Manufacturing for August rose slightly to 49.7, surpassing market expectations of 49.5. Despite the increment, this marks the fifth consecutive month that the metric is below the 50-threshold, signaling a contraction in Read more…
In a marked contrast to fellow BoJ board member Naoki Tamura’s recent remarks, Toyoaki Nakamura, known for his dovish stance, stressed the need for a more cautious approach towards tightening Japan’s monetary policy. Speaking at Read more…