Daily Pivots: (S1) 157.02; (P) 157.45; (R1) 158.18; More…. Range trading continues in EUR/JPY and intraday bias remains neutral. Risk stays on the downside with 158.64 resistance intact. On the downside, break of 156.57 support, Read more…
Daily Pivots: (S1) 0.8638; (P) 0.8650; (R1) 0.8669; More…. Range trading continues in EUR/GBP and intraday bias remains neutral. On the upside, decisive break of 0.8700 resistance will carry larger bullish implication and bring stronger Read more…
Daily Pivots: (S1) 1.6394; (P) 1.6474; (R1) 1.6519; More… EUR/AUD’s fall from 1.7062 resumed by breaking through 1.6452 support. Intraday bias is back on the downside for 1.6000 fibonacci level, as a larger scale correction. Read more…
The global markets experienced a noticeable shift in momentum as major US stock indexes concluded with substantial gains overnight, and treasury yields took a step back. This favorable swing persisted into Asian trading hours, marked Read more…
Australian Dollar experienced a significant surge in today’s Asian trading session, fueled in part by the vigorous rebound observed in Hong Kong stocks, the Chinese Yuan, and Copper prices. The rebound in stocks could attributed Read more…
Key Highlights USD/JPY is moving higher above the 148.80 resistance zone. A key bullish trend line is forming with support near 148.80 on the 4-hour chart. EUR/USD tested 1.0500 and is currently recovering higher. Gold Read more…
Japan’s industrial output for August surprised by remaining steady month-on-month, outpacing expectations of a -0.8% mom decline. The seasonally adjusted index of production at factories and mines held its ground at 103.8, based on 2020 Read more…
Richmond Fed President Thomas Barkin highlighted the existing uncertainties surrounding the economic outlook in remarks made overnight. He stated, “The range of potential outcomes, to me, is still pretty broad,” emphasizing the unpredictability of the Read more…
The Reserve Bank Board meets next week on October 3 with Governor Bullock presiding over her first meeting. We are certain that the Board will decide to continue the pause that began at the July Read more…
Key insights from the week that was. The Monthly CPI Indicator rose 0.6% (5.2%yr) in August, above the 0.3% (4.9%yr) print in July but still broadly in line with a trend deceleration since the peak Read more…