Daily Pivots: (S1) 1.0768; (P) 1.0788; (R1) 1.0809; More… Intraday bias in EUR/USD remains neutral for the moment. Further rally is in favor as long as 1.0723 minor support holds. On the upside, break of Read more…
Daily Pivots: (S1) 1.2526; (P) 1.2547; (R1) 1.2581; More… Intraday bias in GBP/USD remains neutral for the moment. Further rise is mildly in favor with 1.2445 support intact. On the upside, break of 1.2633 will Read more…
Daily Pivots: (S1) 0.9057; (P) 0.9072; (R1) 0.9099; More…. Intraday bias in USD/CHF remains neutral at this point. Further decline is in favor as long as 55 4H EMA (now at 0.9083) holds. On the Read more…
Daily Pivots: (S1) 155.74; (P) 156.00; (R1) 156.47; More… Intraday bias in USD/JPY stays mildly on the upside at this point. Rebound from 151.86, as the second leg of the corrective pattern from 160.20, is Read more…
Yen’s decline persisted in Asian session, continuing to reverse its strong gains from earlier in the month. Traders seem confident that Japan will not intervene as long as Yen remains above 160 level against Dollar, Read more…
Key Highlights Gold started a downside correction from the $2,380 zone. A key bearish trend line is forming with resistance at $2,370 on the 4-hour chart. Oil prices are showing bearish signs below $80.00. Bitcoin Read more…
The U.S. retail industry has faced hundreds of store closures and liquidations this year as once popular retailers struggle to keep their brick-and-mortar operations relevant for shoppers. Among the major retailers closing down as a Read more…
IMF projects Japan’s economic growth to continue, with a noticeable increase in consumption anticipated later this year. According to a report, Japan’s growth rate is expected to decelerate to 0.9% in 2024, largely due to Read more…
Fed Vice Chair Philip Jefferson indicated that with the economy showing robust job growth, Fed can focus “even more so” on ensuring that inflation returns to its 2% target. Jefferson acknowledged the slow progress in Read more…
UK set to report further softening in employment conditions Data accuracy issues persist, but wage growth could still move the pound GBPUSD needs to gain buying confidence above 1.2700 BoE leans towards a rate cut The Bank Read more…