Daily Pivots: (S1) 0.8441; (P) 0.8494; (R1) 0.8544; More… Intraday bias in USD/CHF remains neutral at this point and further decline is expected with 0.8548 resistance intact. On the downside, break of 0.8374 will resume Read more…
Daily Pivots: (S1) 140.08; (P) 140.99; (R1) 141.69; More… Intraday bias in USD/JPY remains on the downside for 139.26 fibonacci level. Some support could be seen there to bring rebound. But outlook will remain bearish Read more…
Market activity in Asia has been unusually subdued today, with trading volumes even quieter than expected for the first session of the week. The holiday closures in Japan and China are partly responsible for the Read more…
Key Highlights EUR/USD attempted another increase from the 1.1000 support. A major bearish trend line is forming with resistance at 1.1110 on the 4-hour chart. Gold rallied to a new all-time high above $2,580. USD/JPY Read more…
New Zealand’s BusinessNZ Performance of Services Index edged up slightly in August, rising from 45.2 to 45.5, but still remains well below the long-term average of 53.2. The data shows that the service sector is Read more…
China’s latest economic data reveals cooling in key areas, with industrial production growing by 4.5% yoy in August, falling short of the 4.7% expected and marking a deceleration from July’s 5.1% rise. Retail sales showed Read more…
Influential financial media are promoting the need for a 50-basis point rate cut. The Fed’s blackout period starts 10 days before the rate decision is released, so the main influence on the markets during this Read more…
GBPCAD reversed from strong resistance level 1.7850 Likely to fall to support level 1.7700 GBPCAD currency pair today reversed down from the strong resistance level 1.7850, which stopped the previous impulse waves (i) and i Read more…
After the banking industry faced major criticism for allegedly overworking its employees following the death of Leo Lukenas III, a 35-year-old Bank of America employee who died after working 100-hour workweeks, two of Wall Street’s Read more…
Product development is a team sport, and it is no secret that automakers need help adapting to the upcoming electric future. Some automakers are seeking help from others; for instance, Hyundai and General Motors have Read more…