Daily Pivots: (S1) 0.9322; (P) 0.9364; (R1) 0.9389; More…. Further decline is expected in EUR/CHF with 0.9444 resistance intact, despite relatively weak downside momentum as seen in 4H MACD. Rebound form 0.9029 should have completed Read more…
Daily Pivots: (S1) 1.3492; (P) 1.3509; (R1) 1.3519; More… Intraday bias in USD/CAD remains neutral as consolidation from 1.3439 is extending. Further decline will remain in favor as long as 1.3617 resistance holds. On the Read more…
Daily Pivots: (S1) 0.6631; (P) 0.6699; (R1) 0.6738; More… Intraday bias in AUD/USD remains mildly on the downside at this point. Fall from 0.6823 short term top would target 38.2% retracement of 0.6348 to 0.6823 Read more…
Daily Pivots: (S1) 1.1049; (P) 1.1102; (R1) 1.1138; More…. Intraday bias in EUR/USD remains neutral for the moment, and consolidation from 1.1200 could extend further. In case of deeper retreat, downside should be contained by Read more…
Daily Pivots: (S1) 1.3078; (P) 1.3158; (R1) 1.3207; More… Intraday bias in GBP/USD remains neutral as consolidation from 1.3265 is still extending. Outlook will stay bullish as long as 1.3043 resistance turned support holds. On Read more…
Daily Pivots: (S1) 0.8379; (P) 0.8428; (R1) 0.8480; More… Intraday bias in USD/CHF is turned neutral with 4H MACD crossed above signal line. But further decline will remain in favor as long as 0.8536 resistance Read more…
Daily Pivots: (S1) 141.42; (P) 142.66; (R1) 143.54; More… Intraday bias in USD/JPY remains on the downside with focus on 141.67 support. Firm break there will resume whole decline from 161.95 high, for 140.25 support Read more…
Asian markets started the week on a weak note, with sharp declines following the broader selloff in US markets after last week’s non-farm payroll report. Adding to the bearish mood was weaker-than-expected inflation data from Read more…
Spot copper prices fell notably last week after Goldman Sachs abandoned its long-standing bullish position. The ongoing decline in the metal, which has been steadily falling since May, is now facing further downside pressure, a Read more…
China’s inflation data for August showed a slight rise in consumer prices, but deflationary pressures continue to weigh on the economy. CPI increased from 0.5% yoy in July to 0.6% yoy, falling short of market Read more…