Daily Pivots: (S1) 1.2237; (P) 1.2293; (R1) 1.2352; More… Intraday bias in GBP/USD remains on the downside as this point. Current fall from 1.3141 should target 1.2075 fibonacci level. On the upside, above 1.2423 minor Read more…
Daily Pivots: (S1) 0.8991; (P) 0.9035; (R1) 0.9090; More…. Intraday bias in USD/CHF remains on the upside at this point. Current rise from 0.8551 is in progress for 0.9146 cluster resistance. On the downside, break Read more…
The Swiss National Bank (SNB) and the Bank of England (BoE) surprised by maintaining their rates unchanged at yesterday’s trading session. The Bank of Japan (BoJ) surprised by maintaining its ultra-lose monetary policy stance unchanged. Read more…
Daily Pivots: (S1) 147.10; (P) 147.78; (R1) 148.24; More… USD/JPY dipped to 147.31 but quickly recovered. Intraday bias is turned neutral first. For now, further rally is in favor as long as 147.00 support holds. Read more…
In a move that left many market observers bemused, Yen declined in Asian trading session after BoJ opted for continuity, leaving its monetary policy untouched. Notably, the bank refrained from dropping any hints about potential Read more…
Key insights from the week that was. The September RBA meeting minutes presented a detailed account of the Board’s deliberations and their assessment of risks. In recent months, the Board has stopped describing its considerations Read more…
DXY: The DXY (US Dollar Index) chart currently shows a bullish overall momentum, supported by several technical factors. This bullish sentiment indicates a potential scenario where the price could continue its upward movement towards the Read more…
BoJ maintains a steady course today and keeps monetary policy unchanged. It also chooses choosing not to make any adjustments in the statement that would suggest a departure from its existing negative interest rate stance Read more…
Japan’s Manufacturing PMI further declined from 49.6 to 48.6 in September, falling short of the anticipated 49.9, marking the most pronounced contraction since February. PMI Services also receded from 54.3 to 53.3. PMI Composite, which Read more…
In September, Australia’s Manufacturing PMI slipped to a 3-month low, declining from 49.6 to 48.2. In contrast, PMI Services showcased resilience, rising from 47.8 to a 4-month high of 50.5. PMI Composite also surged from Read more…