In focus today In the US, ADP private sector employment growth will provide some early hints of what to expect from Friday’s NFP release – consensus expects a modest rebound from August. In the euro Read more…
Daily Pivots: (S1) 1.3467; (P) 1.3504; (R1) 1.3526; More… USD/CAD’s recovery lost momentum after breaching 55 4H EMA (now at 1.3514). But intraday bias stays neutral first, as more consolidations could be seen above 1.3418. Read more…
Global markets are showing mixed performance as sentiment diverges across regions. In the US, stocks closed lower with traders displaying increased caution. ISM manufacturing report indicated continuation of the prolonged recession in the sector, though Read more…
Key Highlights AUD/USD faced resistance near 0.6940 and started a downside correction. A key bullish trend line is forming with support at 0.6880 on the 4-hour chart. Gold could rise again and trade toward the Read more…
Oil prices surged overnight, with WTI crude breaking back above 70 as tensions in the Middle East escalated. Iran launched a retaliatory strike on Israel in response to the recent killing of Hezbollah leader Hassan Read more…
ECB Governing Council member Martins Kazaks indicated that recent data “clearly point in the direction of a cut” in interest rates at the upcoming October meeting. Kazaks highlighted the increasing risks to the Eurozone economy, Read more…
At an event overnight, new SNB Chair Martin Schlegel indicated that the central bank is prepared to continue easing monetary policy if necessary to maintain medium-term price stability, and the central bank “can’t rule out Read more…
We now expect the RBNZ to cut the OCR by 50bps to 4.75% at the October Monetary Policy Review. We also expect another 50bps cut to 4.25% at the November Monetary Policy Statement. The projected Read more…
Gold reversed from support level 2625.00 Likely to rise to resistance level 2685.00 Gold recently reversed up from the support level 2625.00 intersecting with the upper trendline of the daily up channel from July (acting Read more…
EURUSD broke key support level 1.1085 Likely to fall to support level 1.1000 EURUSD currency pair recently broke the key support level 1.1085 (which stopped the previous correction ii) coinciding with the 61.8% Fibonacci correction Read more…