Daily Pivots: (S1) 1.0802; (P) 1.0826; (R1) 1.0849; More….. EUR/USD’s strong rebound and break of 1.0869 resistance suggests that pullback from 1.0947 has completed as a correction a 1.0776. More importantly, rise from 1.0601 is Read more…
Daily Pivots: (S1) 1.2830; (P) 1.2847; (R1) 1.2873; More… Intraday bias in GBP/USD is turned neutral first with current strong recovery. Another fall will remain in favor as long as 1.2863 resistance holds. Below 1.2706 Read more…
Daily Pivots: (S1) 0.8753; (P) 0.8797; (R1) 0.8823; More… USD/CHF’s decline from 0.9223 continues today and break of near term falling channel support indicates downside acceleration. Intraday bias stays on the downside. Sustained trading below Read more…
Daily Pivots: (S1) 148.42; (P) 151.16; (R1) 152.72; More… USD/JPY’s steep decline from 161.94 reaccelerates to as low as 147.01 so far. There is no sign of bottoming yet and intraday bias stays on the Read more…
Risk aversion is intensifying in early US session after non-farm payroll report significantly missed expectations on all fronts. This follows yesterday’s poor manufacturing data, which has already sparked discussions about a hard landing for the Read more…
Updated at 9:22 AM EDT The U.S. economy added fewer-than-expected new jobs last month, data indicated Friday. with softer wage gains underscoring concerns that the Federal Reserve’s reluctance to lower interest rates is choking off Read more…
US non-farm payroll employment grew only 114k in July, well below expectation of 176k. That’s all well below average monthly gain of 215k over the prior 12 months. Unemployment rate jumped from 4.1% to 4.3%, Read more…
The price of gold (XAUUSD) continues its upward trajectory, hitting a new peak at 2460 USD per troy ounce on Friday. The surge in gold prices is largely driven by growing expectations that the US Read more…
Further weakness in the US ISM Manufacturing PMI & Employment sub-component increases the risk of a hard landing scenario. A Fed interest rate cut that is implemented late in the US economic cycle where a Read more…
Market picture The crypto market lost 0.75% in 24 hours to $2.29 trillion. A day earlier, we noted a decline in cryptocurrencies in contrast to the positivity in equities on Wednesday, and then synchronised selling Read more…