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USDCAD posts new 25-month high but currently stands beneath it Stochastics and RSI show positive signs USDCAD has been developing above the 20-day simple moving average (SMA) since the bounce off the 1.3815 support level Read more…
Short Term Elliott Wave View in EURGBP suggests that decline to 0.8295 on October 18, 2024 ended wave (1). Wave (2) corrective bounce is proposed complete at 0.8447 as the 1 hour chart below shows. Read more…
Markets The barrage of central bank meetings in Sweden, Norway, the Czech Republic and the UK ended with a decision in the US. The Fed delivered the expected 25 bps cut to 4.5-4.75%. The new Read more…
The Federal Reserve (Fed) delivered the second rate cut of the year yesterday. Chair Jerome Powell said that the Fed doesn’t rule ‘out or in’ a rate cut in December, that the US economy is Read more…
In focus today Today, we should finally get actual numbers on China’s fiscal stimulus as the meeting in the Standing Committee of the National People’s Congress ends. In the US, the University of Michigan’s flash Read more…
Daily Pivots: (S1) 1.0628; (P) 1.0783; (R1) 1.0885; More… Intraday bias in EUR/USD remains neutral for consolidations above 1.0681 temporary low. Further decline is expected as long as 1.0936 resistance holds. On the downside, sustained Read more…
Daily Pivots: (S1) 152.16; (P) 153.44; (R1) 154.17; More… Intraday bias in USD/JPY remains neutral at this point, and some more consolidations would be seen below 154.70 temporary top. Further rally is expected as long Read more…
Daily Pivots: (S1) 1.2903; (P) 1.2956; (R1) 1.3040; More… Intraday bias in GBP/USD stays neutral as sideway trading continues. With 1.3047 resistance intact, further decline is still expected. Firm break of 1.2842 will resume the Read more…
Daily Pivots: (S1) 0.8698; (P) 0.8736; (R1) 0.8762; More… Intraday bias in USD/CHF is turned neutral with current retreat, and some consolidations would be seen below 0.8773 temporary top first. Further rally is still expected Read more…