The Federal Reserve (Fed) doves got a big energy boost yesterday by a slightly lower-than-expected inflation report. The headline inflation fell to 3.2% in October from 3.7% printed a month earlier, and core inflation eased Read more…
UK CPI showed a marked slowdown in October, dipping below market expectations. The annual CPI rate decelerated from 6.7% yoy to 4.6% yoy , falling short of the anticipated 4.7% yoy. This decline reflects a Read more…
Market movers today Joe Biden and Xi Jinpeng meet in San Francisco. US retail sales will be the first hard data point on how consumption has developed after the very strong September. Leading indicators and Read more…
Daily Pivots: (S1) 0.6408; (P) 0.6461; (R1) 0.6560; More… Intraday bias in AUD/USD stays on the upside at this point. Decisive break of 0.6510 cluster resistance (38.2% retracement of 0.6894 to 0.6269 at 0.6508) will Read more…
Daily Pivots: (S1) 1.3637; (P) 1.3741; (R1) 1.3796; More… Intraday bias in USD/CAD remains on the downside for the moment. Fall from 1.3853 is seen as the third leg of the corrective pattern from 1.3897. Read more…
Daily Pivots: (S1) 149.77; (P) 150.78; (R1) 151.39; More… Intraday bias in USD/JPY remains neutral for the moment and some more sideway trading could be seen. Further rally is in favor as long as 149.17 Read more…
Daily Pivots: (S1) 0.8837; (P) 0.8933; (R1) 0.8988; More…. Intraday bias in USD/CHF remains on the downside for the moment. Decisive break of 0.8886 support will resume whole decline from 0.9243, and target 100% projection Read more…
Daily Pivots: (S1) 1.0752; (P) 1.0820; (R1) 1.0947; More… Intraday bias in EUR/USD stays on the upside at this point. Further rally should be seen to 61.8% retracement of 1.1274 to 1.0447 at 1.0958 next. Read more…
DXY: The current chart for DXY exhibits a bearish overall momentum, implying the likelihood of a bearish continuation, primarily targeting the 1st support level. The 1st support level at 105.40 holds significance as it aligns Read more…
Daily Pivots: (S1) 1.2337; (P) 1.2421; (R1) 1.2583; More… GBP/USD’s rally extends to as high as 1.2504 so far. Intraday bias remains on the upside at this point. Sustained trading above 38.2% retracement of 1.3141 Read more…