Daily Pivots: (S1) 0.9369; (P) 0.9386; (R1) 0.9422; More…. EUR/CHF’s rally from 0.9204 continues today and intraday bias stays on the upside. Sustained trading above 100% projection of 0.9204 to 0.9343 from 0.9254 at 0.9393 Read more…
USDCAD unlocks new 4-year high, poised for further gains Caution required as overbought signals detected US retail sales, Canadian CPI due at 13:30 GMT USDCAD has been performing exceptionally well after forcefully breaking a symmetrical Read more…
Daily Pivots: (S1) 1.0483; (P) 1.0504; (R1) 1.0533; More… Intraday bias in EUR/USD stays neutral and outlook is unchanged. Corrective pattern from 1.0330 might extend further. But outlook will stay bearish as long as 55 Read more…
Daily Pivots: (S1) 1.2630; (P) 1.2664; (R1) 1.2719; More… Range trading continues in GBP/USD and intraday bias remains neutral. On the downside, break of 1.2615 minor support will indicate that corrective recovery from 1.2486 has Read more…
Daily Pivots: (S1) 0.8913; (P) 0.8931; (R1) 0.8964; More… USD/CHF’s break of 0.8956 resistance indicates resumption of rally from 0.8374. Intraday bias is back on the upside for 61.8% projection of 0.8374 to 0.8956 from Read more…
Daily Pivots: (S1) 153.50; (P) 153.99; (R1) 154.65; More… USD/JPY’s rebound from 148.64 is still in progress and intraday bias stays on the upside for retesting 156.74 high. Firm break there will resume whole rally Read more…
Markets Yesterday’s PMI releases in Europe and the US confirmed the ongoing divergence in growth on both sides of the Atlantic, cementing market expectations on similar divergence in Fed and ECB policy. The S&P global Read more…
Daily Pivots: (S1) 1.4217; (P) 1.4244; (R1) 1.4272; More… USD/CAD’s up trend continues today and intraday bias stays on the upside. Next target is 1.4391 projection level. On the downside, break of 1.4208 minor support Read more…
Sterling remains resilient, as supported by UK employment data indicating that wages remain robust. This development aligns with improved conditions in the UK’s services sector, as seen in yesterday’s PMI release, and suggests that underlying Read more…
UK labor market showed signs of softening in November, with payrolled employment falling by -35k or -0.1% mom to 30.4m. Meanwhile, median monthly pay growth slowed to 6.3% yoy, down sharply from 7.9% yoy in Read more…