Daily Pivots: (S1) 0.6364; (P) 0.6390; (R1) 0.6436; More… Outlook in AUD/USD is unchanged as consolidation form 0.6284 is in progress. Intraday bias stays neutral at this point. Outlook will stay bearish as long as Read more…
Daily Pivots: (S1) 1.0533; (P) 1.0554; (R1) 1.0587; More… No change in EUR/USD’s outlook as consolidation from 1.0447 is extending. Intraday bias remains neutral for the moment. On the upside, firm break of 1.0616 resistance Read more…
Daily Pivots: (S1) 1.2185; (P) 1.2215; (R1) 1.2266; More No change in GBP/USD’s outlook as consolidation form 1.2036 is still in progress. On the upside, firm break of 1.2270 resistance will confirm short term bottoming. Read more…
Daily Pivots: (S1) 0.9036; (P) 0.9080; (R1) 0.9111; More…. USD/CHF’s correction from 0.9243 is still in progress. Intraday bias stays on the downside for 38.2% retracement of 0.8551 to 0.9243 at 0.8979. On the upside, Read more…
Daily Pivots: (S1) 148.22; (P) 148.73; (R1) 149.02; More… USD/JPY recovers after breaching 148.24 minor support and intraday bias stays neutral. Consolidation from 150.15 is still extending. On the downside, below 148.24 minor support will Read more…
Japanese Yen is trading on a softer note in Asian session as the rebound witnessed yesterday begins to lose steam. A notable comment from Japan’s Finance Minister Shunichi Suzuki raised some interest among market observers. Read more…
Key Highlights GBP/USD is attempting a recovery wave above the 1.2150 resistance. A major bearish trend line is forming with resistance near 1.2250 on the 4-hour chart. EUR/USD is struggling to recover above 1.0600 and Read more…
Australia NAB Business Confidence for September remained stable at a level of 1. Meanwhile, a decline was observed in Business Conditions, which slid from 14 to 11. A deeper dive into the components reveals trading Read more…
Australia’s Westpac Consumer Sentiment Index showed a positive move, climbing 2.9% from 79.7 to 82 in October. Despite the uptick, a score of 82 still paints a subdued picture, correlating with a decline in per Read more…
BoE MPC Catherine Mann emphasized the significance of the duration of inflation in guiding her future policy decisions. Mann pointedly remarked, “Going forward, a very important ingredient for my decision-making is the duration of inflation, Read more…