Daily Pivots: (S1) 0.8419; (P) 0.8455; (R1) 0.8476; More… Intraday bias in USD/CHF remains neutral for the moment as consolidation continues above 0.8399. With 0.8540 resistance intact, further decline is expected. On the downside, break Read more…
Daily Pivots: (S1) 1.3150; (P) 1.3168; (R1) 1.3199; More… GBP/USD is still extending consolidation from 1.3265 and intraday bias stays neutral. While deeper retreat cannot be ruled out, downside should be contained above 1.3043 resistance Read more…
Markets The ADP job report yesterday produced the same price action seen in the wake of the US manufacturing ISM and US job openings. A below-consensus 99k for August and a downward revision to July’s Read more…
Key insights from the week that was. In Australia, Q2 GDP printed broadly as expected at 0.2%qtr (1.0%yr). The themes of recent quarters were once again on display. The consumer remained weak, a 0.2% decline Read more…
Risk appetite got another hit yesterday after the US ADP report printed a weaker-than-expected number. The data suggested that the US economy added only 99K new private jobs last month, significantly less than 144K pencilled Read more…
In focus today The most important data release of the week and a pivotal reading ahead of the September rate decisions will be the US August Jobs Report, due for release 14.30 CET today. We Read more…
Daily Pivots: (S1) 1.1084; (P) 1.1102; (R1) 1.1129; More…. EUR/USD’s break of 1.1104 minor resistance suggests that pullback from 1.1200 has completed at 1.1025 already. Intraday bias is back on the upside for retesting 1.1200 Read more…
The financial markets are in a state of heightened anticipation as the much-awaited US non-farm payroll report is set to release today. This key data set will be critical in assessing whether the US economy Read more…
Today’s US non-farm payroll report is crucial for all market participants, as it could determine the size of Fed’s expected rate cut this month. Currently, fed fund futures are pricing in 43/57% chance of a Read more…
Japan’s household spending edged up by 0.1% yoy in July, falling well short of the expected 1.2% yoy increase. While this marked the first annual rise in three months, the modest growth suggests that households Read more…