Daily Pivots: (S1) 0.8474; (P) 0.8506; (R1) 0.8534; More… No change in USD/CHF’s outlook and intraday bias stays neutral for now. Further decline is expected as long as 0.8540 resistance holds. Break of 0.8339 will Read more…
Daily Pivots: (S1) 144.68; (P) 145.94; (R1) 146.73; More… Intraday bias in USD/JPY remains neutral for the moment, and further rally will remain in favor as long as 143.43 support holds. Above 147.20 will target Read more…
Daily Pivots: (S1) 1.3507; (P) 1.3535; (R1) 1.3579; More… While USD/CAD’s recovery from 1.3439 extended, upside is capped below 1.3617 resistance. Intraday bias remains neutral and further decline is still expected. On the downside, break Read more…
WTI crude oil dropped sharply overnight, losing more than -4% and falling to its lowest level since last December. A combination of bearish factors contributed to this steep decline. The 70 psychological level is now Read more…
Key Highlights Bitcoin price is struggling to recover above the $60,000 resistance. BTC is trading below a key bearish trend line with resistance at $59,400 on the 4-hour chart. Oil prices extended losses and traded Read more…
BoC is widely expected to cut interest rates for the third consecutive meeting today, lowering the policy rate by 25bps to 4.25%. With inflation at a 40-month low of 2.5% and trending toward the 2% Read more…
China’s Caixin PMI Services fell to 51.6 in August, down from 52.1 in July and below expectations of 52.2. While this marked the continuation of an expansion that began in January 2023, the rate of Read more…
The sporting goods retail sector has faced bankruptcies, store closings and liquidations in recent years that have included iconic names, like Sports Authority, Sports Chalet, Model’s and Golfsmith. Sports Authority, which operated 463 stores nationwide, Read more…
Australia’s GDP grew by 0.2% qoq in Q2, aligning with market expectations. However, GDP per capita declined for the sixth consecutive quarter, falling by -0.4% qoq. For the 2023-24 financial year, the economy expanded by Read more…
Japan’s services sector continued its expansion in August, with PMI Services index finalized at 53.7, unchanged from July’s figure. This marks the 23rd month of growth out of the past 24. PMI Composite, which includes Read more…