Daily Pivots: (S1) 1.3557; (P) 1.3590; (R1) 1.3639; More… Intraday bias in USD/CAD remains neutral for the moment. On the downside, break of 1.3545 minor support will suggest that recovery from 1.3439 has completed, and Read more…
Daily Pivots: (S1) 0.6731; (P) 0.6776; (R1) 0.6808; More… Intraday bias in AUD/USD is back on the upside with break of 0.6766 resistance. Further break of 0.6823 will confirm resumption of rally from 06348. Next Read more…
Daily Pivots: (S1) 1.1080; (P) 1.1135; (R1) 1.1172; More…. Intraday bias in EUR/USD is now on the upside with breach of 1.1153 resistance. Firm break of 1.1200 will resume larger rally from 1.0665 to 1.1274 Read more…
Daily Pivots: (S1) 1.3145; (P) 1.3221; (R1) 1.3290; More… GBP/USD’s breach of 1.3265 resistance suggests that larger rally is resuming. Intraday bias is mildly on the upside at this point, and further rise should be Read more…
Daily Pivots: (S1) 0.8409; (P) 0.8445; (R1) 0.8498; More… No change in USD/CHF’s outlook as it’s still bounded in range of 0.8374/8548. Intraday bias remains neutral for the moment. With 0.8548 resistance intact, further decline Read more…
Daily Pivots: (S1) 140.89; (P) 141.80; (R1) 143.16; More… USD/JPY’s break of 143.03 resistance suggests short term bottoming at 139.57, on bullish convergence condition in 4H MACD. That also came just ahead of 139.26 fibonacci Read more…
Market reactions were indecisive after Fed’s much-anticipated rate cut overnight. The initial optimism that sparked a rally in US stocks quickly fizzled out, with major indexes closing in the red, while Treasury yields staged a Read more…
Australia’s employment grew by a robust 47.5k in August, significantly exceeding expectations of 25.3k. While full-time employment declined slightly by -3.1k, part-time jobs saw a sharp increase of 50.6k, boosting the overall figure. The employment-to-population Read more…
New Zealand’s GDP contracted by -0.2% qoq in Q2, slightly better than the expected -0.4% qoq decline. Despite the overall negative figure, 7 out of 16 industries posted increases, with manufacturing leading the growth. GDP Read more…
Key Highlights USD/CAD started a decent increase above the 1.3500 resistance. A key bullish trend line is forming with support at 1.3550 on the 4-hour chart. GBP/USD remained in a bullish zone above the 1.3150 Read more…