Precious metal prices are fluctuating near multi-year highs due to safe-haven demand driven by: → Uncertainty surrounding the U.S. elections, → Ongoing tensions in the Middle East, → Expectations of central banks lowering interest rates. Read more…
Daily Pivots: (S1) 194.99; (P) 195.44; (R1) 196.32; More… GBP/JPY’s rebound from 180.00 resumed by breaking 195.95 resistance. Intraday bias is back on the upside for 61.8% retracement of 208.09 to 180.00 at 197.35 next. Read more…
Daily Pivots: (S1) 162.37; (P) 162.77; (R1) 163.54; More…. Outlook in EUR/JPY is unchanged and intraday bias stays neutral. On the upside, firm break of 163.86 resistance will resume the rebound from 154.40 to 61.8% Read more…
Daily Pivots: (S1) 0.8318; (P) 0.8329; (R1) 0.8340; More… As long as 0.8433 resistance holds, EUR/GBP’s down trend is still in progress for 0.8201 key support next. Strong support could be seen from there to Read more…
Daily Pivots: (S1) 1.6182; (P) 1.6222; (R1) 1.6281; More… EUR/AUD’s decline from 1.6351 is still in progress and further fall would be seen towards 1.6002 low. On the upside, however, break of 1.6351 will resume Read more…
Daily Pivots: (S1) 0.9351; (P) 0.9377; (R1) 0.9392; More…. EUR/CHF is staying in converging range and intraday bias stays neutral for the moment. On the downside, break of 0.9332 will resume the fall from 0.9579 Read more…
AUDUSD bounces from new six-week low in early Tuesday trading after bears repeatedly faced strong headwinds from solid supports at 0.6645/27 (50% retracement of 0.6348/0.6942 / 200DMA). Fresh recovery attempts pressure strong barriers at 0.6695 Read more…
Markets US yields closed this week’s opening session 8.3 bps (2-yr) to 11.3 bps (10-yr) higher. For the US 2-yr yield, it was the highest close since mid-August and above the strong 4%-resistance area. The Read more…
AUD/USD starts the week fragile, trading at 5½ week lows in the mid-0.66s. The local and international data slate is thin this week, but consequential events loom in late October and early November – Q3 Read more…
After forming the low on September 26, 2022 low, GBPUSD shows an incomplete higher high bullish sequence. This suggests the right side is higher and dips therefore should see support in 3, 7, or 11 Read more…