Daily Pivots: (S1) 149.19; (P) 149.74; (R1) 150.10; More… Intraday bias in USD/JPY is turned neutral with current retreat and some consolidations would be seen first. Further rally is expected as long as 146.47 resistance Read more…
Daily Pivots: (S1) 0.8639; (P) 0.8654; (R1) 0.8663; More… Intraday bias in USD/CHF is turned neutral first with current retreat. Further rally is expected as long as 0.8548 resistance turned support holds. Above 0.8668 will Read more…
Daily Pivots: (S1) 0.6691; (P) 0.6706; (R1) 0.6720; More… AUD/USD is staying in range above 0.6657 temporary low and intraday bias remains neutral. More consolidations could be seen, but further decline is expected as long Read more…
Markets European yields Friday continued a gradual bull steepening in the aftermath of the ECB policy decision. In first post-meeting comments, policymakers evidently held to a data dependent approach. However, the analysis on inflation is Read more…
In focus this week Today will be quiet on the data front, with no major releases scheduled. This week is expected to be calm before the storm of US elections, nonfarm payrolls and FOMC meeting Read more…
Daily Pivots: (S1) 1.3787; (P) 1.3801; (R1) 1.3816; More… USD/CAD is extending the consolidation pattern from 1.3837 and intraday bias stays neutral. Another retreat cannot be ruled out, but downside should be contained above 1.3646 Read more…
In the Asian trading session today, the forex markets remained largely in consolidative state, with most major currency pairs moving within familiar ranges. Japanese Yen showed slight firmness, trading in a tight range alongside the Read more…
RBA Deputy Governor Andrew Hauser emphasized today that inflation remains “too high” for the central bank to consider immediate rate cuts. Recent strong employment data led markets to push back the expected timing for the Read more…
Key Highlights EUR/USD started a major decline below the 1.1000 support. A short-term bearish trend line is forming with resistance at 1.0865 on the 4-hour chart. GBP/USD extended losses and tested the 1.2965 support zone. Read more…
Chip giant Nvidia (NVDA) has had a huge 2024. The stock is up nearly 179% this year. The shares were up 2.4% last week and are up 13.6% just in October. The Friday close of Read more…