Daily Pivots: (S1) 1.0906; (P) 1.0931; (R1) 1.0961; More…. Intraday bias in EUR/USD remains on the downside. Sustained break of 38.2% retracement of 1.0447 to 1.1213 at 1.0920 will argue that fall from 1.1213 is Read more…
Daily Pivots: (S1) 1.3023; (P) 1.3058; (R1) 1.3095; More… Intraday bias in GBP/USD stays neutral for the moment. While corrective fall from 1.3433 might extend lower, strong support should be seen from 1.3000 cluster support Read more…
Daily Pivots: (S1) 148.04; (P) 148.79; (R1) 149.33; More… With a temporary top formed at 149.58, intraday bias in USD/JPY is turned neutral first. Further rally is expected as long as 145.91 minor support holds. Read more…
Oops. Inflation in the US came in hotter-than-expected in September, both on monthly and yearly basis. The headline inflation eased less than expected from 2.5% to 2.4%, while core inflation unexpectedly ticked higher from 3.2% Read more…
UK GDP grew 0.2% mom in August, matched expectations. Services output grew by 0.1% mom. Production output grew by 0.5% mom. Construction output grew by 0.4% mom. In the three months to August compared with Read more…
Daily Pivots: (S1) 0.8542; (P) 0.8578; (R1) 0.8597; More… Intraday bias in USD/CHF is turned neutral first with current retreat. On the upside, above 0.8611 will resume the rebound from 0.8374 to 38.2% retracement of Read more…
Risk sentiment appears to have stabilized heading into the weekend, despite stronger-than-expected US inflation data released overnight. The report didn’t cause any significant shifts in market expectations regarding Fed’s rate cuts. Stock markets also showed Read more…
New Zealand’s BusinessNZ Performance of Manufacturing Index rose slightly from 46.1 to 46.9 in September, marking the third consecutive month of improvement. Despite this, the sector remains in contraction for the 19th straight month, with Read more…
Key Highlights USD/JPY rallied above 149.20 before the bears appeared. It traded below a major bullish trend line with support at 149.35 on the 4-hour chart. EUR/USD extended losses and traded below the 1.0950 support. Read more…
Atlanta Fed President Raphael Bostic, in an interview with WSJ, indicated that he is open to pausing further rate cuts if economic data warrants it. “I am totally comfortable with skipping a meeting if the Read more…