Daily Pivots: (S1) 1.2110; (P) 1.2137; (R1) 1.2179; More GBP/USD is still bounded in sideway trading and intraday bias stays neutral. With 1.2336 resistance intact, downside breakout is expected. On the downside, firm break of Read more…
Daily Pivots: (S1) 0.9062; (P) 0.9087; (R1) 0.9105; More…. Intraday bias in USD/CHF is turned neutral with current retreat. For now, further rise is in favor as long as 0.9007 support holds. Above 0.9111 will Read more…
The short-term Elliott wave view in the AUDUSD suggests that the decline from the 02 February 2023 peak has ended as a diagonal structure where wave 1 ended at $0.6458 low. A bounce to $0.6899 Read more…
As widely expected, the Federal Reserve (Fed) maintained its interest rates unchanged at this week’s meeting and President Jerome Powell cited that the recent surge – especially in the long end of the US yield Read more…
Market movers today We have more central bank meetings on the menu today. We expect Norges Bank to leave rates unchanged at 4.25%. All eyes will instead be on what signals the bank puts out Read more…
Daily Pivots: (S1) 150.50; (P) 151.10; (R1) 151.54; More… Intraday bias in USD/JPY is turned neutral first with current retreat. A temporary top was formed at 151.69, just ahead of 151.93 key resistance. Some consolidations Read more…
Dollar experienced a pronounced dip as yields fell and stocks surged overnight, with the selling pressure continuing into Asian session. This comes even though Chair Jerome Powell left the door open for more tightening, after Read more…
BoE stands at a critical juncture as it is expected to maintain its policy interest rate at 5.25% today, marking the second consecutive pause in tightening. This decision comes in the wake of September’s UK Read more…
DXY: The XAU/USD (Gold/US Dollar) chart currently exhibits a bearish overall momentum. However, there’s a potential short-term bullish scenario in which the price could bounce off the 1st support at 1977.14, which is identified as Read more…
Australia’s economic outlook has taken a concerning turn as the trade surplus for September contracted significantly, recording its lowest monthly surplus since March 2021. The data released indicates a shrinkage from prior month’s AUD 10.16B Read more…