Daily Pivots: (S1) 1.3452; (P) 1.3470; (R1) 1.3499; More… A temporary low is in place at 1.3439 with current recovery and intraday bias in USD/CAD is turned neutral first. Upside of recovery should be limited Read more…
Daily Pivots: (S1) 190.24; (P) 190.85; (R1) 191.33; More… GBP/JPY is still bounded in consolidation below 191.99 and intraday bias remains neutral for the moment. On the upside, above 191.99 will target 61.8% retracement of Read more…
Daily Pivots: (S1) 160.36; (P) 160.87; (R1) 161.29; More…. EUR/JPY is still bounded in consolidations below 163.86 and intraday bias stays neutral. On the upside, break of 163.86 will target 61.8% retracement of 175.41 to Read more…
Daily Pivots: (S1) 0.8413; (P) 0.8427; (R1) 0.8445; More…. Intraday bias in EUR/GBP remains on the downside as fall from 0.8624 is in progress for retesting 0.8382 low. Strong support could be seen from there Read more…
Daily Pivots: (S1) 1.6352; (P) 1.6417; (R1) 1.6454; More… Intraday bias in EUR/AUD remains on the downside as fall from 1.7180 is extending. Rise from 1.5996 could have completed at 1.7180 already, and deeper fall Read more…
Key Highlights Gold gained pace and traded above the $2,500 resistance. A connecting bullish trend line is forming with support at $2,495 on the 4-hour chart. Oil prices faced resistance near $78.40 and trimmed some Read more…
Businesses sentiment rose strongly in August, as the prospect and then delivery of an OCR cut was brought forward. Key results (August 2024) Business confidence: 50.6 (Prev: 27.1) Expectations for own trading activity: 37.1 (Prev: Read more…
NZD/USD surges notably today in response to strong business confidence data in New Zealand. The solid break of medium term falling trend line strengthens that case that corrective pattern from 0.6537 has completed at 0.5849. Read more…
New Zealand’s ANZ Business Confidence surged in August, reaching 50.6, the highest level in a decade, up from 27.1 in July. This sharp increase was accompanied by a notable rise in the own activity outlook, Read more…
Atlanta Fed President Raphael Bostic signaled that it “may be time to move” towards lowering interest rates, though he remains cautious about committing to a cut in September. Speaking at an event overnight, Bostic emphasized Read more…