Daily Pivots: (S1) 0.9130; (P) 0.9145; (R1) 0.9174; More…. USD/CHF’s rally continues today and breaks 0.9146/60 cluster resistance. There is no sign of topping yet, and intraday bias stays on the upside. Next target is Read more…
The Monthly CPI lifted 0.6% in August as expected. Inflation was restrained by various government energy rebates but there is still an upside risk to both our CPI and Trimmed Mean forecasts. As reported by Read more…
DXY: The DXY chart currently displays bullish momentum, as the price is above the bullish Ichimoku cloud, suggesting a potential bullish continuation towards the 1st resistance. The 1st support at 105.73, noted as an overlap Read more…
Gold is under intensifying selling pressure this week. The prominent drivers behind this selloff are strengthening Dollar and, crucially, surging treasury yields. As a result, the yellow metal finds itself back at a crucial support Read more…
The minutes from BoJ meeting held on July 27 and 28 have unveiled differing perspectives among board members regarding the future direction of monetary policy. While a consensus was apparent on the immediate need to Read more…
Australia CPI for August rose from 4.9% yoy to 5.2% yoy, in line with market expectations. Digging into the specifics, the sectors showing the most substantial annual gains were housing, which surged by 6.6%, followed Read more…
Key Highlights AUD/USD declined below the 0.6450 and 0.6440 support levels. A major bullish trend line is forming with support near 0.6400 on the 4-hour chart. EUR/USD is showing heavy bearish signs below 1.0650. Gold Read more…
In this blog, we will take a look at the reaction from extreme area in NZDJPY, how buyers appeared in the area as expected and produced a strong reaction higher. We will look at how Read more…
Dow Jones index broke key support level 34000.00 Likely to fall to support level 33500.00 Dow Jones index recently broke key support level 34000.00 (low of the previous wave a) intersecting with the 38.2% Fibonacci Read more…
AUDCAD reversed from key support level 0.8630 Likely to rise to resistance level 0.8700 AUDCAD recently reversed up from the key support level 0.8630 (which has been repeatedly reversing the pair from last November) intersecting Read more…