Daily Pivots: (S1) 1.0548; (P) 1.0583; (R1) 1.0607; More… Intraday bias in EUR/USD remains neutral as consolidation from 1.0487 is extending. Stronger recovery cannot be ruled out. But near term outlook will stay bearish as Read more…
Daily Pivots: (S1) 1.2167; (P) 1.2219; (R1) 1.2258; More… Intraday bias in GBP/USD stays neutral as consolidation from 1.2109 is extending. While stronger rise cannot be ruled out, near term outlook will stay bearish as Read more…
Daily Pivots: (S1) 0.9107; (P) 0.9135; (R1) 0.9180; More…. Intraday bias in USD/CHF remains neutral for consolidation below 0.9244. Deeper retreat cannot be ruled out. But near term outlook will stay bullish as long as Read more…
The US government didn’t shut down yesterday, as US policymakers agreed on a short-term funding deal that will keep the lights on until November 17th. But the new deal excludes any new aid package for Read more…
Market movers today Euro area unemployment figures for august are released. The labour market has been surprisingly strong this year despite the monetary policy tightening and cooling economy. In July, the unemployment rate remained at Read more…
DXY: The DXY (US Dollar Index) chart is currently experiencing bullish momentum, with several factors contributing to this trend. These factors include the price being above the bullish Ichimoku cloud and within a bullish ascending Read more…
Daily Pivots: (S1) 148.76; (P) 149.13; (R1) 149.73; More… USD/JPY’s rally resumed today by breaking through 149.70 resistance and intraday bias is back on the upside. Current rise from 127.20 should target a retest on Read more…
USD/JPY is making notable advances today, resuming recent up trend, and edging closer to 150 psychological handle. AT the same time, Nikkei rebounds, reclaiming 32000 mark. The combined risk-on sentiment could be attributed to investors’ Read more…
Key Highlights EUR/USD is attempting a recovery wave from the 1.0485 zone. A major bearish trend line is forming with resistance near 1.0640 on the 4-hour chart. GBP/USD declined toward 1.2100 before it found support. Read more…
Japanese manufacturing sector is facing challenges as evidenced by the drop in PMI Manufacturing to 48.5 in September, down from August’s 49.6, the lowest level since February. Additionally, the average reading for Q3 stands at Read more…