Daily Pivots: (S1) 1.3570; (P) 1.3593; (R1) 1.3633; More… USD/CAD’s recovery is still limited by 1.3617 resistance and intraday bias remains neutral. Further decline will remain in favor as long as 1.3617 resistance holds. On Read more…
Daily Pivots: (S1) 0.8450; (P) 0.8476; (R1) 0.8495; More… Range trading continues in USD/CHF and intraday bias remains neutral. With 0.8356 resistance intact, further decline is expected. On the downside, break of 0.8374 will resume Read more…
Daily Pivots: (S1) 141.86; (P) 142.79; (R1) 143.37; More… USD’s fall from 161.94 resumed by breaking through 141.76 temporary low. Intraday bias is back on the downside for 140.25 support, and possibly further to 139.26 Read more…
Dollar softened across the board in today’s Asian session, dragged down by extended in US Treasury yields. Investors appear to be setting aside the first presidential debate between Kamala Harris and Donald Trump, focusing instead Read more…
Key Highlights Gold is consolidating gains below the $2,530 resistance. A key contracting triangle is forming with support at $2,495 on the 4-hour chart. Oil prices might extend losses and revisit the $65.00 support. The Read more…
In a speech today, BoJ board member Junko Nakagawa indicated that the central bank will raise interest rates further if the economic outlook aligns with their forecasts. Nevertheless, she also emphasized the need to carefully Read more…
In a speech today, RBA Assistant Governor Sarah Hunter highlighted that while conditions in the Australian labor market have eased since late 2022, the market remains “tight relative to full employment.” Looking ahead, Hunter expects Read more…
Gold prices went up by 0.30% on Tuesday as US Treasury yields dropped and the US dollar weakened, with traders waiting for important US inflation data. This data, along with the first presidential debate between Read more…
Nasdaq reversed from support zone Likely to rise to resistance level 19135.00 Nasdaq index recently reversed up from the support zone located between the key support level 18500.00, lower daily Bollinger Band and the 61.8% Read more…
Brent Crude oil broke key support level 72.60 Likely to fall to support level 68.00 Brent Crude oil recently broke the support zone located between the key support level 72.60 (former multi-month support from December) Read more…