Month: September 2024

Daily Pivots: (S1) 0.9457; (P) 0.9481; (R1) 0.9515; More…. Intraday bias in EUR/CHF remains on the upside at this point. Rise from 0.9305, as the third leg of the pattern from 0.9209 ,is in progress Read more…

Daily Pivots: (S1) 189.70; (P) 190.85; (R1) 192.91; More… Intraday bias in GBP/JPY remains on the upside at this point. Rise from 183.70, as the third leg of the corrective pattern from 180.00, is in Read more…

Daily Pivots: (S1) 159.00; (P) 160.08; (R1) 161.73; More…. Intraday bias in EUR/JPY stays on the upside at this point. Rise from 155.14, ,as the third leg of the corrective pattern from 154.40, is in Read more…

Daily Pivots: (S1) 0.8367; (P) 0.8390; (R1) 0.8403; More… Intraday bias in EUR/GBP remains on the downside for the moment. Current down trend should target 61.8% projection of 0.8624 to 0.8399 from 0.8463 at 0.8324. Read more…

EUR/AUD’s extended decline last week suggests that rebound from 1.6256 has completed at 1.6629 already. Nevertheless, as a temporary low was formed at 1.6315, initial bias is neutral this week first. Risk will stay on Read more…

Australian Dollar managed to climb modestly in a quiet Asian trading session today, despite underwhelming PMI data from Australia. With Japan on holiday, the session saw limited movement, but risk-on sentiment helped offset some of Read more…

Key Highlights EUR/USD started a fresh increase above the 1.1120 resistance. It cleared a major bearish trend line with resistance at 1.1135 on the 4-hour chart. GBP/USD extended gains and traded above 1.3300. Bitcoin climbed Read more…

Australia’s economic activity continued to slow in September, with the Judo Bank Manufacturing PMI dropping to 46.7, its lowest in 52 months, down from 48.5 in August. The Services PMI also declined, slipping to 50.6 Read more…

New Zealand’s goods trade balance posted deficit of NZD -2.2B, substantially larger than the expected deficit of NZD -155m. This widening gap is attributed to a slight decrease in both goods exports and imports. Goods Read more…

Attractive growth opportunities in Asia will support currencies and yields despite a narrowing rate differential with the FOMC. With the US FOMC having started its rate easing cycle, central bankers across emerging markets (EMs) are Read more…