Daily Pivots: (S1) 0.6529; (P) 0.6571; (R1) 0.6601; More… Range trading continues in AUD/USD and intraday bias remains neutral for the moment. Risk stays mildly on the downside at this point. Break of 0.6524 will Read more…
Daily Pivots: (S1) 1.3551; (P) 1.3585; (R1) 1.3625; More… Intraday bias in USD/CAD remains neutral at this point as range trading continues. On the upside, firm break of 1.3265 minor resistance will confirm short term Read more…
As the markets eagerly await FOMC rate decision and the release of new economic projections, Dollar is currently holding steady within a narrow range. The spotlight is particularly on the revised dot plot, as it Read more…
DXY: The DXY (US Dollar Index) chart currently has a bullish overall momentum, with price trading within a bullish ascending channel. In this scenario, price could potentially continue its bullish momentum towards the 1st resistance Read more…
US stock market closed generally higher overnight. In particular, DOW now stands just about 1% shy of its all-time high after recent rally. The current uptrend in major indexes is primarily fueled by an increasing Read more…
Key Highlights Crude oil prices declined heavily below the $73.50 support. A connecting bearish trend line is forming with resistance near $71.45 on the 4-hour chart. Gold prices also declined and traded below the $2,000 Read more…
Asian Development Bank upgrades growth forecasts Developing Asia for 2023, raising projection from 4.7% to 4.9%. This upgrade is primarily attributed to stronger than expected growth in two of the region’s largest economies, China and Read more…
Japan’s Tankan survey for Q4 show signs of strength in both manufacturing and non-manufacturing sectors. Yet, the cautious outlook among manufacturers suggests uncertainty about future economic conditions. Large Manufacturing Index rose from 9 to 12, Read more…
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Silver trades sideways today after a quick 12% correction Sell-off stopped a tad below a busy resistance area Momentum indicators are sending mixed signals Silver is trading sideways today, bouncing off the October 5, 2023 Read more…