Daily Pivots: (S1) 149.24; (P) 149.53; (R1) 150.11; More… Intraday bias in USD/JPY remains neutral as it’s still bounded in range below 150.15. On the upside, firm break of 150.15 will resume larger up trend Read more…
Daily Pivots: (S1) 0.9019; (P) 0.9053; (R1) 0.9120; More…. Focus stays on 0.9081 resistance in USD/CHF. Firm break there will suggest that pull back from 0.9243 has completed at 0.8985, after drawing support from 38.2% Read more…
Daily Pivots: (S1) 1.0489; (P) 1.0565; (R1) 1.0603; More… Focus stays on 1.0518 minor support in EUR/USD. Firm break there will confirm that corrective recovery from 1.0447 has completed at 1.0639, after hitting near term Read more…
Daily Pivots: (S1) 1.2121; (P) 1.2226; (R1) 1.2281; More Intraday bias in GBP/USD remains mildly on the downside at this point. Recovery from 1.2035 should have completed at 1.2336, after hitting falling channel resistance. Deeper Read more…
As Middle East tensions escalate again ahead of the weekend, global financial markets are exhibiting a pronounced shift towards risk aversion. The news of Israel urging all civilians in Gaza City to evacuate, in anticipation Read more…
China inflation dips to 0.0% Australian dollar sinks after US inflation and employment data The Australian dollar is unchanged on Friday, trading at 0.6312. The Aussie was roughed up by the US dollar a day Read more…
Yesterday, another indicator of inflation in the United States was published — the CPI (Consumer Price Index). Like the PPI (Producer Price Index), the values of which were published on Wednesday, the CPI index indicated Read more…
This week, Saudi energy minister Prince Abdulaziz bin Salman visited Moscow to discuss plans for oil production in the context of the Israeli-Palestinian conflict. The Russian president announced that Saudi Arabia and Russia’s production cuts Read more…
Gold price rose to the highest in more than two weeks on Friday, as bulls regained control after pausing on Thursday, following short-lived drop, inspired by higher than expected US inflation in September. Prevailing view Read more…
The Japanese yen is slightly lower on Friday. In the European session, USD/JPY is trading at 149.63, down 0.12%. The US inflation report for September was unchanged at 3.7% y/y, but this was higher than Read more…