Daily Pivots: (S1) 0.6567; (P) 0.6609; (R1) 0.6647; More… Intraday bias in AUD/USD remains neutral for the moment. Some more consolidations could be seen below 0.6674 first. But further rally is expected as long as Read more…
Daily Pivots: (S1) 1.3532; (P) 1.3579; (R1) 1.3606; More… USD/CAD’s fall from 1.3897 resumed after brief recovery. Intraday bias is back on the downside. Further fall should be seen to 1.3378 support next. On the Read more…
Daily Pivots: (S1) 186.36; (P) 186.97; (R1) 187.70; More… GBP/JPY is staying in consolidation below 188.63 and intraday bias remains neutral for the moment. While deeper retreat cannot be ruled out, near term outlook will Read more…
Daily Pivots: (S1) 160.68; (P) 161.31; (R1) 162.02; More…. EUR/JPY recovered after hitting 100% projection of 164.29 tot 161.22 from 163.77 at 160.63. Intraday bias is turned neutral first. While further decline cannot be ruled Read more…
Daily Pivots: (S1) 0.8609; (P) 0.8630; (R1) 0.8645; More…. Intraday bias in EUR/GBP remains on the downside at this point. As noted before, corrective rebound from 0.8491 could have completed at 0.8764 already. Decisive break Read more…
Daily Pivots: (S1) 1.6425; (P) 1.6506; (R1) 1.6567; More… EUR/AUD’s fall from 1.6844 is still in progress and intraday bias stays on the downside, with focus on 1.6449 support. Decisive break there will argue that Read more…
The competition between Dollar and Euro for the title of the week’s weakest performer remains intense. Current talking point is particularly on ECB, where economists are increasingly predicting an early rate cut following this week’s Read more…
DXY: The chart for DXY (US Dollar Index) displays a bullish overall momentum. Potential price action suggests a bullish bounce off the 1st support. The 1st support at 103.17 is identified as a pullback support. Read more…
China’s Caixin PMI Manufacturing index climbed from 49.5 to 50.7 in November, surpassing the expected 49.3. According to Caixin’s release, this improvement is attributed to sustained rise in total new work, which helped push production Read more…
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