Eurozone PPI came in at 0.5% mom, -12.4% yoy in September, versus expectation of 0.3% mom, -12.5% yoy. For the month, Industrial producer prices increased by 2.2% in the energy sector, while prices remained stable Read more…
Crude oil bounced sharply back in October after attacks between Israel and Hamas. We have seen a jump of around 10% on crude oil to $90 in just a few days. In fact, back then, Read more…
EURJPY makes new 15-year high Intervention threat has not dented bullish appetite Bullish momentum indicators but exhaustion signs appear EURJPY is edging higher today, trying to record its fourth consecutive green candle. It has made Read more…
GBP/USD started a decent increase above the 1.2225 resistance. USD/CAD is recovering and might aim for a move toward the 1.3795 resistance. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound climbed above Read more…
The stock market saw modest gains on Monday, building upon the robust rally it experienced last week. The Nasdaq Composite, in particular, achieved its lengthiest positive streak since January, marking a significant milestone for the Read more…
GBPUSD trims gains after rejection from 200-SMA Buying appetite falls; support at 1.2260-1.2300 GBPUSD could not find enough buyers to expand Friday’ bull run above its 200-day simple moving average (SMA), closing with marginal losses Read more…
Markets The new trading week yesterday started with a countermove on last week’s overall easing in financial conditions. Maybe the market has been running a bit ahead of itself in declaring an end to the Read more…
Daily Pivots: (S1) 184.66; (P) 185.32; (R1) 185.90; More… Intraday bias in GBP/JPY remains on the upside for the moment. Current rise from 178.02 should target a retest of 186.76 resistance. Decisive break there will Read more…
Daily Pivots: (S1) 160.32; (P) 160.65; (R1) 161.17; More…. Break of 160.84 resistance indicates resumption of larger up trend in EUR/JPY. Intraday bias is back on the upside for 163.06 projection level next. On the Read more…
Daily Pivots: (S1) 0.8659; (P) 0.8673; (R1) 0.8696; More…. EUIR/GBP recovered after drawing support from 38.2% retracement of 0.8491 to 0.8752 at 0.8652 and intraday bias is turned neutral first. Pull back from 0.8752 could Read more…