Daily Pivots: (S1) 0.8318; (P) 0.8331; (R1) 0.8359; More… Intraday bias in EUR/GBP is turned neutral with current recovery, and some consolidations would be seen. But outlook will stay bearish as long as 0.8433 resistance Read more…
Daily Pivots: (S1) 1.6167; (P) 1.6226; (R1) 1.6311; More… Breach of 1.6260 minor resistance suggests that EUR/AUD’s pullback from 1.6351 has completed at 1.6132. Intraday bias is back on the upside. Further rally should be Read more…
Daily Pivots: (S1) 0.9328; (P) 0.9351; (R1) 0.9366; More…. Intraday bias in EUR/CHF remains neutral first, with immediate focus on 0.9332 support. Firm break there will resume the fall from 0.9579 towards 0.9209, and argue Read more…
Japanese Yen saw a modest recovery today after briefly dipping below the 153 mark against Dollar, as Japanese officials finally broke silence on the currency’s recent decline. Finance Minister Katsunobu Kato stated that the government Read more…
Key Highlights AUD/USD gained bearish momentum below the 0.6750 support. A connecting bearish trend line is forming with resistance at 0.6690 on the 4-hour chart. Gold prices rallied to a new all-time high at $2,758 Read more…
Japan’s private sector slipped into contraction territory at the beginning of Q4, with PMI Manufacturing index declining from 49.7 to 49.0 in October. The services sector saw a much sharper fall, with PMI Services tumbling Read more…
Australia’s manufacturing sector continues to struggle, with PMI Manufacturing index slipping slightly from 46.7 to 46.6 in October, marking its lowest point in 53 months. According to Judo Bank’s Matthew De Pasquale, key indicators such Read more…
At the International Monetary Fund event, BoJ Governor Kazuo Ueda said “It’s still taking time for us to get to 2% in a sustainable way,” Ueda said, justifying the commitment to maintaining its accommodative monetary Read more…
At an event hosted by the Institute of International Finance, BoE Andrew Bailey acknowledged that disinflation in the UK is progressing “faster than we expected”. However, he expressed concerns about potential “structural changes” in the Read more…
In a story for the Wall Street Journal last month profiling Ford (F) CEO Jim Farley, the Blue Oval figurehead recounted a story that motivated his current aggressive electric vehicle game plan involving a team of Read more…