In anticipation of the release of one of the most important reports, the NonFarm Payrolls, the US currency has suffered losses across almost all fronts. Earlier this week, the EUR/USD currency pair tested and settled Read more…
Gold price started a fresh increase above the $2,342 resistance level. Crude oil prices are gaining bullish momentum and might soon test $85.00. Important Takeaways for Gold and Oil Prices Analysis Today Gold price started Read more…
Markets An uneventful session yesterday put the UK elections in the spotlights. It’s already clear by now that Labour won enough seats to secure a majority (at least 326 seats of the 650 up for Read more…
Daily Pivots: (S1) 1.3610; (P) 1.3648; (R1) 1.3679; More… Intraday bias in USD/CAD remains neutral first. Break of 1.3589 will resume the corrective fall from 1.3845 to 100% projection of 1.3845 to 1.3589 from 1.3790 Read more…
Daily Pivots: (S1) 0.6708; (P) 0.6720; (R1) 0.6738; More… AUD/USD’s rally is in progress and intraday bias stays on the upside. Current rise from 0.6361 should target 61.8% projection of 0.6361 to 0.6713 from 0.6619 Read more…
Daily Pivots: (S1) 160.92; (P) 161.30; (R1) 161.66; More… Intraday bias in USD/JPY remains neutral for the moment and some more consolidations could be seen first. Further rally is expected as long as 160.25 minor Read more…
Daily Pivots: (S1) 0.8983; (P) 0.9012; (R1) 0.9031; More… USD/CHF is staying consolidation below 0.9049 and intraday bias remains neutral. Further rise is mildly in favor as long as 0.8956 support holds. Above 0.9049 will Read more…
Daily Pivots: (S1) 1.0791; (P) 1.0804; (R1) 1.0825; More…. EUR/USD’s rebound from 1.0665 is still in progress and intraday bias stays on the upside. Further rally would be seen to 1.0915 resistance next. On the Read more…
The UK’s Labour Party is set to win a highly anticipated landslide victory in the general election. Cable is upbeat near 1.2770 and the FTSE futures are pointing at a positive start to the session. Read more…
Key insights from the week that was. In Australia, the Minutes from the RBA June Meeting provided more colour around the Board’s deliberations, in particular its considerations for monetary policy in the context of lingering Read more…