Daily Pivots: (S1) 1.0991; (P) 1.1023; (R1) 1.1044; More…. Intraday bias in EUR/USD remains neutral for the moment. Focus stays on 38.2% retracement of 1.0665 to 1.1200 at 1.0996. Strong rebound from there will retain Read more…
Daily Pivots: (S1) 1.2993; (P) 1.3052; (R1) 1.3103; More… The break of 1.3043 resistance turned support confirms short term topping at 1.3265. Intraday bias in GBP/USD is now on the downside for 55 D EMA Read more…
Daily Pivots: (S1) 0.8453; (P) 0.8491; (R1) 0.8561; More… Intraday bias in USD/CHF remains neutral for the moment Rejection by 0.8536 resistance will retain near term bearishness. Break of 0.8374 will resume the fall from Read more…
Daily Pivots: (S1) 141.20; (P) 141.87; (R1) 143.04; More… Intraday bias in USD/JPY is turned neutral with current recovery and some consolidations would be seen first. But further decline is expected as long as 147.20 Read more…
Daily Pivots: (S1) 1.3554; (P) 1.3589; (R1) 1.3610; More… USD/CAD failed to break through 1.3617 resistance decisively so far. Intraday bias remains neutral and further decline remains in favor. On the downside, below 1.3545 minor Read more…
Daily Pivots: (S1) 0.6639; (P) 0.6657; (R1) 0.6693; More… AUD/USD recovered after dipping to 0.6621 briefly and intraday bias is turned neutral first. Some consolidations would be seen but risk will stay on the downside Read more…
The stronger-than-anticipated core inflation data initially sent shockwaves through US equities overnight, sparking a deep sell-off. However, tech stocks led a remarkable recovery, with all major indexes finishing in green. Notably, S&P 500 posted a Read more…
ECB is widely expected to implement a 25bps rate cut today, marking the second adjustment in its current policy easing cycle. This cut would bring the deposit rate down to 3.50% and the main refinancing Read more…
BoJ board member Naoki Tamura indicated in a speech today that the likelihood of achieving 2% inflation target sustainably is improving. As a result, the central bank needs to gradually raise interest rates to neutral Read more…
Japan’s corporate goods price index decelerated to 2.5% yoy in August, falling below market expectations of 2.8% yoy, marking the first slowdown in eight months. The data reflects a cooling in price pressures, which has Read more…