Daily Pivots: (S1) 1.1048; (P) 1.1071; (R1) 1.1107; More…. Outlook in EUR/USD remains unchanged and intraday bias stays neutral. While retreat from 1.1200 might extend lower, rally from 1.0665 is in favor to continue as Read more…
Dollar weakened broadly overnight after the latest JOLTS report showed significant drop in job openings, hitting the lowest level since January 2021. Economists are increasingly worried that the US labor market is cooling not just Read more…
In a speech today, RBA Governor Michele Bullock reaffirmed that the central bank is unlikely to cut interest rates in the near term, provided the economy evolves as anticipated. Bullock emphasized that the Board remains Read more…
Key Highlights Crude oil prices gained bearish momentum and declined below $72.00. A major bearish trend line is forming with resistance at $76.00 on the 4-hour chart. Gold could correct lower if it stays below Read more…
BoJ board member Hajime Takata indicated in a speech today that the central bank may need to “adjust the degree of monetary easing further” if inflation trends align with forecasts and companies continue increasing spending, Read more…
Japan’s real wages rose by 0.4% yoy in July, down from June’s 1.1% yoy, but still marking the second consecutive month of growth after 27 months of decline. Nominal wages increased by 3.6% yoy, surpassing Read more…
In an interview with Reuters, San Francisco Fed President Mary Daly acknowledged that a rate cut is widely expected this month, but emphasized that the exact size of the cut remains uncertain. “We don’t know Read more…
Fed’s latest Beige Book report highlights a growing economic slowdown across the US. While economic activity grew slightly in three Districts, the number of Districts reporting flat or declining activity increased from five in the Read more…
US labour market data to determine the size of the first Fed rate cut History points to an increased possibility of a 50bps move Analysis reveals sizeable equities’ weakness after the initial cut Following Fed Read more…
GBPJPY reversed from resistance level 192.40 Likely to fall to support level 188.00 GBPJPY currency pair recently reversed down from the key resistance level 192.40 (which has been reversing the price from the middle of Read more…