Illustration: The Verge Amazon has spoiled Apple’s week of Mac announcements by sharing details of the new Mac Mini a bit early. The listing has been pulled but MacRumors managed to grab a few screenshots Read more…
GBPUSD loses momentum near uptrend line Stochastic ticks higher, but RSI flattens GBPUSD headed south in the preceding week, breaking the long-term ascending trendline to the downside. However, the pair is currently holding within a tight range after failing Read more…
Markets Last week’s waiting game extended into the first trading day of the new and jampacked one. Oil prices crashed more than 6% to $71.4/b (Brent) after Israel spared Iranian oil facilities in retaliatory strikes Read more…
Equity markets across Europe and the US began the week on a positive footage, except for oil stocks. Energy companies were hit by a 5% dive in oil prices due to Israel’s targeted attack on Read more…
In focus today In the US, we receive JOLTs labour turnover, which is a key measure of labour demand for the Fed. The October consumer confidence survey is also due for release. In Sweden, at Read more…
Germany’s GfK Consumer Climate index for November improved from -21.0 to -18.3, exceeding forecast of -20.5 and marking its highest level since April 2022. However, the underlying sentiment remains subdued, as economic expectations continued to Read more…
Daily Pivots: (S1) 197.97; (P) 198.67; (R1) 199.52; More… Intraday bias in GBP/JPY remains on the upside for the moment. Current rise from 180.00 should target a retest on 208.09 high next. On the downside, Read more…
Daily Pivots: (S1) 164.95; (P) 165.52; (R1) 166.32; More…. Intraday bias in EUR/JPY stays on the upside at this point, and rise fro 155.14 is in progress for 61.8% retracement of 175.41 to 154.40 at Read more…
Daily Pivots: (S1) 0.8322; (P) 0.8333; (R1) 0.8347; More… EUR/GBP is still extending the consolidation pattern from 0.8294 and intraday bias stays neutral. Outlook remains bearish with 0.8433 resistance intact. On the downside, break of Read more…
Daily Pivots: (S1) 1.6336; (P) 1.6385; (R1) 1.6472; More… EUR/AUD’s rally from 1.6002 continues today and intraday bias stays on the upside. Decisive break of 38.2% of 1.7180 to 1.6002 at 1.6452 should confirm that Read more…