Daily Pivots: (S1) 1.6537; (P) 1.6585; (R1) 1.6614; More… Intraday bias in EUR/AUD stays on the upside at this point. As noted before, corrective pullback from 1.7180 could have completed at 1.6256 already. Further rise Read more…
China’s exports grew by a robust 8.7% yoy to USD 308.7B in August, surpassing market expectations of 6.5% yoy growth. However, this impressive figure is largely attributed to base effect, as exports contracted by -8.8% Read more…
Key Highlights GBP/USD struggled near 1.3260 and started a downside correction. It traded below a key bullish trend line with support at 1.3140 on the 4-hour chart. EUR/USD is struggling to start a fresh increase Read more…
Australia’s NAB Business Confidence fell from 1 to -4 in August. Business Conditions also declined, dropping from 6 to 3. Trading conditions dipped by 2 points, while profitability slid by 1 point. Forward orders remained Read more…
Australia’s Westpac Consumer Sentiment Index saw a marginal decline of -0.5% mom in September, falling from 85.0 to 84.6, reflecting the ongoing pessimism that has gripped Australian consumers for more than two years. According to Read more…
ECB widely expected to deliver a second rate cut to 3.50% September’s data could be important for October’s meeting EURUSD looks bearish; next support could develop near 1.0990 Spotlight turns to economic growth too Inflation Read more…
The US Dollar Index (DXY) has rebounded since Friday’s jobs data release, driven by altered rate cut expectations. EUR/USD is particularly affected by the DXY recovery, with the Euro’s recent strength potentially waning due to Read more…
GBPUSD reversed from strong resistance level 1.3230 Likely to fall to support level 1.3000 GBPUSD currency pair recently reversed down from the strong resistance level 1.3230 (former strong support from the end of 2021). The Read more…
USDCHF reversed from support level 0.8400 Likely to rise to resistance level 0.8550 USDCHF currency pair recently reversed up from the key support level 0.8400 (which has been reversing the price since the end of Read more…
The stock market has been full of cross-currents following a 4% slide by the S&P 500 index from its July 16 record peak. A slowdown in the economy, particularly job growth, has convinced many experts Read more…