Daily Pivots: (S1) 146.43; (P) 147.32; (R1) 148.11; More… Outlook in USD/JPY remains bearish with 38.2% retracement of 161.94 to 141.67 at 149.41 intact and intraday bias stays neutral. Below 145.42 minor support will turn Read more…
Daily Pivots: (S1) 0.8623; (P) 0.8667; (R1) 0.8697; More… Outlook is USD/CHF remains bearish with 38.2% retracement of 0.9223 to 0.8431 at 0.8734 intact. On the downside, below 0.8631 minor support will bring retest of Read more…
Daily Pivots: (S1) 1.0915; (P) 1.0927; (R1) 1.0944; More….. No change in EUR/USD’s outlook as range trading continues. While deeper retreat cannot be ruled out, downside should be contained well above 1.0776 support. On the Read more…
Daily Pivots: (S1) 1.2743; (P) 1.2769; (R1) 1.2790; More… GBP/USD’s rebound from 1.2664 extends higher today but stays below 1.2839 resistance. Intraday bias stays neutral for the moment. On the downside, break of 1.2664 will Read more…
Sterling is making notable gains after UK employment data revealed an unexpected drop in the unemployment rate for June. Additionally, July’s figures showed continued growth in payrolled employment and a rebound in wage growth. This Read more…
UK payrolled employment rose 24k or 0.1% mom in July. Median monthly pay increased by 5.6% up sharply from June’s 3.8% yoy, but below May’s 6.0% yoy. Claimant count jumped 135k versus expectation of 14.5k. Read more…
In focus today Today is light in terms of tier-1 data releases. Hence, focus will be on the German ZEW figures coming at 11.00 CET, where analysts expect -74.0 for the current situation figure, and Read more…
Short Term Elliott Wave in FTSE suggests that the index has completed a bearish sequence from 5.15.2024 high. The decline made a zig zag Elliott Wave structure. Down from 5.15.2024 high, wave A ended at Read more…
Australia’s wage price index rose by 0.8% qoq in Q2, slightly down from the previous quarter’s 0.9% qoq increase and falling short of expectations for another 0.9% qoq rise. On an annual basis, wage growth Read more…
Australia’s Westpac Consumer Sentiment Index saw a modest increase of 2.8% mom in August, rising from 82.7 to 85.0. Westpac attributed this uptick to a “small sigh of relief” from consumers after RBA decided to Read more…