Daily Pivots: (S1) 0.8814; (P) 0.8852; (R1) 0.8903; More… Intraday bias in USD/CHF stays neutral as range trading continues below 0.8956. With 0.8800 support intact, further rally remains in favor. On the upside, break of Read more…
Daily Pivots: (S1) 1.3993; (P) 1.4042; (R1) 1.4094; More… Range trading continues in USD/CAD below 1.4177 and intraday bias remains neutral for the moment. Further rally is expected with 1.3930 support intact. On the upside, Read more…
Markets EUR/USD was among the worst cross rate performers yesterday. The currency pair dropped as low as 1.046, down from 1.058 at the open. French politics beat the common currency down after PM Barnier forced Read more…
France has stepped into the crisis mode after a series of events – that included budget concessions to make Le Pen happy – ended with Le Pen not being happy. Consequently, Barnier used a constitutional Read more…
In focus today Several key data prints are due for release, led by the US October JOLTs labour turnover, an important measure of labour demand watched closely by the Fed. In the euro area, focus Read more…
Daily Pivots: (S1) 0.6441; (P) 0.6478; (R1) 0.6514; More… AUD/USD is staying in range above 0.6433 despite this week’s dip. Intraday bias remains neutral first, and further decline is expected with 0.6549 resistance intact. On Read more…
Trading in the forex markets were subdued in the Asian session. Low activity is expected to persist for the rest of the day due to a light economic calendar. Dollar remains resilient, supported by expectations Read more…
New York Fed President John Williams said in a speech yesterday that monetary policy will need to “move to a more neutral policy setting over time.” However, he refrained from offering firm guidance on the Read more…
Fed Governor Christopher Waller expressed tentative support for a rate cut at the December FOMC meeting, contingent on upcoming data aligning with expectations for inflation to decline toward the 2% target over the medium term. Read more…
Short Term Elliott Wave view on SP500 (SPX) suggests rally from 8.5.2024 low is in progress as a 5 waves impulse. Up from 8.5.2024 low, wave 1 ended at 5627.56 high and pullback in wave Read more…