USDCHF trades sideways near 8-month low, below 20-SMA Short-term outlook is hazy, but optimism is still there Key resistance at 0.8522; support at 0.8330 USDCHF has been in a tight range within the 0.8400 region Read more…
GBP/USD started a fresh increase above the 1.3200 zone. USD/CAD declined and now consolidates below the 1.3600 level. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound is eyeing more gains above the Read more…
Markets Wednesday’s bumper 50 bps Fed kick-off yesterday resulted in a further steeping of the US curve, with the short end still challenging recent lows. The intraday price dynamics was briefly interrupted by a better Read more…
UK retail sales volumes surged 1.0% mom in August, significantly outpacing the expected 0.3% mom growth. This marked the highest sales index level since July 2022. Over the broader three-month period ending in August, sales Read more…
In focus today In the euro area September consumer confidence is due for release. Consumer confidence has been on an upward trend but remains below the historical average and consumer spending is weak. As real Read more…
Key insights from the week that was. The main update for Australia this week was August’s Labour Force Survey. The result again emphasised the strength of labour demand, with employment growing by 47,000, ahead of Read more…
Daily Pivots: (S1) 1.1096; (P) 1.1137; (R1) 1.1204; More…. Intraday bias in EUR/USD remains mildly on the upside with focus on 1.1200 resistance. Decisive break there will resume larger the rally from 1.0665 to 1.1274 Read more…
Daily Pivots: (S1) 141.70; (P) 142.82; (R1) 143.76; More… Intraday bias in USD/JPY stays mildly on the upside for the moment. Rebound from 139.57 short term bottom should target 55 D EMA (now at 147.37), Read more…
Daily Pivots: (S1) 1.3188; (P) 1.3251; (R1) 1.3349; More… GBP/USD’s rally is still in progress and intraday bias stays on the upside for 61.8% projection of 1.2664 to 1.3265 from 1.3000 at 1.3371 in the Read more…
Daily Pivots: (S1) 0.8446; (P) 0.8480; (R1) 0.8512; More… Intraday bias in USD/CHF stays neutral as range trading continues. On the downside, break of 0.8374 will resume the fall from 0.9223 to retest 0.8332 low. Read more…