Daily Pivots: (S1) 0.6553; (P) 0.6568; (R1) 0.6597; More… Intraday bias in AUD/USD remains neutral and more consolidations could be seen above 0.6536 temporary low. Further decline is expected as long as 55 D EMA Read more…
Daily Pivots: (S1) 151.39; (P) 152.49; (R1) 153.14; More… Intraday bias in USD/JPY remains neutral as consolidation from 153.87 is extending. Deeper retreat cannot be ruled out but further rally is expected as long as Read more…
Daily Pivots: (S1) 1.2830; (P) 1.2915; (R1) 1.2984; More… GBP/USD’s decline from 1.3433 resumed by breaking through 1.2906 temporary low. Intraday bias is back on the downside for 61.8% retracement of 1.2298 to 1.3433 at Read more…
Sterling has faced significant selling pressure as markets reacted negatively to the Labour government’s budget announcement. Some analysts draw comparisons to the free fall following former Prime Minister Liz Truss’s mini-budget two years ago. Yet, Read more…
Key Highlights USD/JPY started a downside correction from the 153.85 zone. A connecting bullish trend line is forming with support at 151.45 on the 4-hour chart. Bitcoin trimmed gains and traded below the $70,000 level. Read more…
US non-farm payrolls report takes center stage in global financial markets today. Expectations are for an increase of 106k jobs in October, which would mark the lowest monthly gain in nearly four years. Unemployment rate Read more…
Sterling fell sharply overnight, alongside with 10-year government bond and FTSE, as markets reacted to Chancellor Rachel Reeves’ new budget. Critics argue the budget is being heavy on spending, tax hikes, and borrowing but light Read more…
China’s Caixin Manufacturing PMI improved to 50.3 in October, up from 49.3 and surpassing expectations of 49.5. According to Wang Zhe, Senior Economist at Caixin Insight Group, October brought a mix of positive developments, including Read more…
Japan’s PMI Manufacturing was finalized at 49.2 in October, a decline from September’s 49.7, signaling continued contraction in the sector. Usamah Bhatti at S&P Global Market Intelligence noted that while output fell only slightly, it Read more…
Key insights from the week that was. In Australia, the Q3 CPI reported a 0.2% (2.8%yr) increase in headline inflation and a 0.8% (3.5%yr) lift in underlying trimmed mean inflation, both of which broadly met Read more…