Daily Pivots: (S1) 1.3973; (P) 1.4010; (R1) 1.4038; More… Intraday bias in USD/CAD remains neutral as range trading continues. Further rally is expected with 1.3930 support intact. On the upside, firm break of 1.4177 will Read more…
Daily Pivots: (S1) 0.6485; (P) 0.6506; (R1) 0.6533; More… Range trading continues in AUD/USD and outlook is unchanged. Intraday bias remains neutral first and with 0.6549 resistance intact, further decline is expected. On the downside, Read more…
Daily Pivots: (S1) 148.89; (P) 150.30; (R1) 151.13; More… Intraday bias in USD/JPY stays on the downside at this point. Sustained trading below 38.2% retracement of 139.57 to 156.74 at 150.18 will argue that whole Read more…
Daily Pivots: (S1) 0.8792; (P) 0.8815; (R1) 0.8834; More… Intraday bias in USD/CHF remains neutral and outlook is unchanged. With 0.8800 support intact, further rally remains in favor. On the upside, break of 0.8956 will Read more…
Daily Pivots: (S1) 1.2687; (P) 1.2719; (R1) 1.2765; More… Intraday bias in GBP/USD is turned neutral first with recovery from 1.2486 losing momentum. While another rise cannot be ruled out, outlook will stay bearish as Read more…
December doesn’t arrive with chocolate and flowers to Europe. First, Stellantis CEO resigns on weaker sales and tumbling profits. Second, VW workers are expected to walk out as early as today, because their labour leaders Read more…
In focus today Attention shifts to French politics as the minority government faces a crucial test in passing a social security bill, which could trigger a no-confidence vote against the government. Previously reliant on tacit Read more…
Daily Pivots: (S1) 1.0548; (P) 1.0572; (R1) 1.0603; More… EUR/USD dips mildly ahead of 1.0609 resistance, but stays well above 1.0330 support. Intraday bias remains neutral first. For now, further decline is still in favor Read more…
Dollar started the week on strong footing, buoyed by a combination of technical factors and geopolitical developments. Technically, the greenback bounced after failing to break through near-term support level against Euro last week. Escalating political Read more…
Australia’s retail sales increased by 0.6% month-on-month to AUD 36.7B in November, surpassing the forecasted 0.4% mom rise. On a year-on-year basis, sales grew 3.4% yoy, supported by early Black Friday promotions. Strong gains were Read more…