Gold enters a new bull run; shifts spotlight to all-time high Technical signals point to more upside; close above 2,650 needed Gold started a new bullish corrective phase near the 2,600 level last week, adding Read more…
As shown by the S&P 500 chart (US SPX 500 mini on FXOpen), the leading US stock index set its 45th record of the year, closing above 5800 on Friday. This marks the fifth consecutive Read more…
China didn’t pull out the fiscal bazooka on Saturday, but said that there will be a significant bond issuance to help reverse the deepening property crisis and local governments. Israel didn’t attack Iran but some Read more…
Today, some traders may still be away due to Columbus Day in the US, though the stock market is open while the bond market is closed. But this could still lead to thinner liquidity. The Read more…
Markets The US yield curve finished last week with a little steepening. Net daily changes varied between -0.2 bps (2-yr) to +5.2 bps (30-yr), underpinned by second-tier data including decelerating and slightly below-consensus September PPIs. Read more…
Daily Pivots: (S1) 194.07; (P) 194.66; (R1) 195.47; More… Intraday bias in GBP/JPY stays neutral at this point. On the upside break of 195.95 will resume whole rise from 180.00 to 61.8% retracement of 208.09 Read more…
Daily Pivots: (S1) 162.40; (P) 162.91; (R1) 163.63; More…. Intraday bias in EUR/JPY remains neutral for the moment. On the upside, firm break of 163.47/86 resistance will resume the rebound from 154.40 to 61.8% retracement Read more…
Daily Pivots: (S1) 0.8362; (P) 0.8372; (R1) 0.8380; More… Intraday bias in EUR/GBP remains neutral and outlook is unchanged. Further decline is in favor, and firm break of 0.8309 will resume larger down trend to Read more…
Daily Pivots: (S1) 1.6172; (P) 1.6214; (R1) 1.6242; More… Intraday bias in EUR/AUD Is mildly on the downside at this point. Rebound from 1.6002 could have completed at 1.6351. Deeper fall would be seen back Read more…
Daily Pivots: (S1) 0.9357; (P) 0.9373; (R1) 0.9391; More…. Intraday bias in EUR/CHF remains neutral at this point. On the downside, break of 0.9332 will resume the fall from 0.9579 towards 0.9209 low. On the Read more…