Daily Pivots: (S1) 1.6422; (P) 1.6473; (R1) 1.6531; More… Intraday bias in EUR/AUD stays neutral for the moment. With 1.6580 resistance intact, fall from 1.7180 is still in favor to continue. On the downside, break Read more…
Daily Pivots: (S1) 0.9364; (P) 0.9387; (R1) 0.9406; More…. Intraday bias in EUR/CHF stays neutral and further decline is expected with 0.9455 resistance intact. On the downside, break of 0.9351 will resume the fall from Read more…
Markets Yesterday’s JOLTS report was yet another perfect illustration of market’s high sensitivity to the labour market since Fed chair Powell bombarded it to the single most important theme for policy. July Job openings in Read more…
Daily Pivots: (S1) 1.3481; (P) 1.3523; (R1) 1.3546; More… Intraday bias in USD/CAD remains neutral as consolidation continues above 1.3439. Further decline is expected with 1.3617 resistance intact. On the downside, break of 1.3439 and Read more…
Daily Pivots: (S1) 0.6692; (P) 0.6720; (R1) 0.6755; More… Intraday bias in AUD/USD is turned neutral first with current recovery. On the downside, below 0.6685 will extend the decline from 0.6823 short term top to Read more…
Daily Pivots: (S1) 143.09; (P) 144.35; (R1) 145.00; More… USD/JPY’s fall from 149.35 resumed by breaking through 143.43 support and intraday bias is back on the downside for retesting 141.67 low. Firm break there will Read more…
Daily Pivots: (S1) 0.8446; (P) 0.8482; (R1) 0.8502; More… Intraday bias in USD/CHF stays neutral and outlook is unchanged. With 0.8540 resistance intact, further decline is expected. On the downside, break of 0.8339 will resume Read more…
Daily Pivots: (S1) 1.3108; (P) 1.3141; (R1) 1.3183; More… GBP/USD is still bounded in consolidation from 1.3265 and intraday bias remains neutral at this point. While deeper retreat cannot be ruled out, downside should be Read more…
US equities remained under pressure yesterday after the JOLTS report revealed that the US job openings unexpectedly fell further in July to the lowest level since 2021. The factory orders on the other hand jumped Read more…
In focus today The US ISM Services index is due for release for August in the afternoon. While the index has remained volatile over the past years, most leading services indicators have continued to signal Read more…