Eurozone’s PMI Manufacturing was finalized at 44.4 in December, up slightly from November’s 44.2. Despite this minor uptick, marking a seven-month high, the index remained below the critical 50.0 threshold, signaling a continued deterioration in Read more…
Daily Pivots: (S1) 179.07; (P) 179.80; (R1) 180.30; More… Intraday bias in GBP/JPY stays neutral as range trading continues. Further decline is expected as long as 184.15 resistance holds. On the downside, break of will Read more…
Daily Pivots: (S1) 155.24; (P) 156.10; (R1) 156.55; More… Range trading continues in EUR/JPY and intraday bias stays neutral. On the upside, above 158.55 will resume the corrective rebound from 153.15. On the downside, break Read more…
Daily Pivots: (S1) 0.8653; (P) 0.8677; (R1) 0.8693; More… Break of 0.8649 minor support argues that EUR/GBP’s rebound from 0.8548 has completed at 0.8713. Intraday bias is back on the downside for retesting 0.8548 support. Read more…
Daily Pivots: (S1) 1.6146; (P) 1.6225; (R1) 1.6283; More.. EUR/AUD’s decline is resuming by breaching 1.6137 and intraday bias is back on the downside for 100% projection of 1.7062 to 1.6319 from 1.6844 at 1.6106. Read more…
Daily Pivots: (S1) 0.9245; (P) 0.9298; (R1) 0.9341; More… Intraday bias in EUR/CHF is turned neutral with current recovery, and some more consolidations would be seen above 0.9252. But further decline is expected as long Read more…
EURUSD in the red again today after making a new 5-month high The key resistance area at 1.1032 is playing a key role in this move Momentum indicators signal that the current bullish move has Read more…
Auld Lang Syne to 2023 and welcome 2024! Here is a recap of the key highlights that shocked global markets in 2023 and the potential emerging themes to look out for in 2024 as well Read more…
In focus today We wish our readers a Happy New Year on this first trading day of 2024. Today’s calendar looks light with the most important data release being the Eurozone M3 measure of money Read more…
Daily Pivots: (S1) 0.6779; (P) 0.6812; (R1) 0.6845; More… Intraday bias in AUD/USD stays neutral at this point. On the upside, decisive break of 0.6894 resistance will extend the rally from 0.6269 towards 0.7156 key Read more…