Daily Pivots: (S1) 0.8985; (P) 0.9008; (R1) 0.9027; More…. Intraday bias in USD/CHF stays neutral and outlook is unchanged. On the upside, break of 0.9086 resistance will indicate that pull back from 0.9243 has completed, Read more…
Daily Pivots: (S1) 149.37; (P) 149.61; (R1) 150.05; More… Intraday bias in USD/JPY remains neutral as range trading continues. On the downside, below 148.24 minor support will turn bias to the downside for another down Read more…
Daily Pivots: (S1) 1.3589; (P) 1.3627; (R1) 1.3648; More…. Intraday bias in USD/CAD remains neutral for the moment. On the downside, break of 1.3568 will bring another falling leg to extend the near term corrective Read more…
Daily Pivots: (S1) 0.6339; (P) 0.6360; (R1) 0.6386; More… AUD/USD’s recovery continues today but stays below 0.6444 resistance. Intraday bias remains neutral and outlook stays bearish. On the downside, decisive break of 0.6284 will confirm Read more…
The Middle East sees a re-escalation in geopolitical tensions following a tragic strike on a Gaza hospital, leading to significant rise in both Oil and Gold prices. The effect of this development extends into Asian Read more…
Key Highlights Gold prices rallied significantly after the Israeli–Hamas war intensified. A connecting bullish trend line is forming with support near $1,895 on the 4-hour chart. Today, US President Joe Biden is scheduled to visit Read more…
China’s economy exhibited resilience in Q3, with GDP growing at 4.9% yoy, outpacing anticipated 4.5% yoy increase. However, this growth rate reflects deceleration from 6.3% yoy expansion observed in Q2. On quarterly basis, the economy Read more…
Australia’s economic outlook remains subdued as indicated by the Westpac Leading Index, which, though it rose slightly from -0.48% to -0.34% in September, continues to signal prolonged weak conditions. Fourteen successive months of subzero readings Read more…
RBA Governor Michele Bullock voiced concerns over stickiness in services inflation, rising house prices and tight labor market at an Australian Financial Security Authority event. “We’re seeing a slowdown in consumption,” Bullock said, pointing out Read more…
Silver reversed from support level 20.70 Likely to rise to resistance level 23.50 Silver recently reversed up with the weekly Hammer from the key support level 20.70 (which has been reversing the pair from the Read more…