Oil prices rose due to declining US stockpiles and renewed Chinese optimism after President Xi Jinping pledged to promote growth. Mixed results from Chinese manufacturing data may indicate that government stimulus programs are starting to Read more…
XBRUSD, Daily In the Daily timeframe, XBRUSD is forming a descending triangle, but the price has reached the upper trendline, testing a critical resistance level. Despite the bullish momentum, the Stochastic indicates overbought. A break Read more…
Check back for updates throughout the trading day U.S. equity futures moved higher in early Thursday trading as investors looked to kick-off the new year by snapping a four-day losing streak powered once again by Read more…
UK PMI Manufacturing was finalized at 47.0 in December, down from 48.0 in November, marking the third consecutive month of contraction. Persistent challenges, both domestic and international, weighed heavily on the sector, resulting in the Read more…
Eurozone PMI Manufacturing was finalized at 45.1 in December, down from November’s 45.2, marking the sector’s 30th consecutive month of contraction. Key indicators, including new orders and inventory levels, signaled ongoing struggles across the bloc. Read more…
Daily Pivots: (S1) 195.99; (P) 197.48; (R1) 198.63; More… Range trading continues in GBP/JPY and intraday bias remains neutral. Corrective pattern from 180.00 is extending with another rising leg. Further rise is expected as long Read more…
Daily Pivots: (S1) 162.26; (P) 163.58; (R1) 164.39; More… Intraday bias in EUR/JPY is turned neutral first with current retreat. Some consolidations would be seen, but another rise is mildly in favor as long as Read more…
Daily Pivots: (S1) 0.8264; (P) 0.8284; (R1) 0.8298; More… EUR/GBP is still bounded in range of 0.8221/8326 and intraday bias stays neutral. On the upside, firm break of 0.8326 resistance will confirm short term bottoming Read more…
Daily Pivots: (S1) 1.6695; (P) 1.6733; (R1) 1.6774; More… Intraday bias in EUR/AUD remains neutral and some more consolidations would be seen below 1.6800. Outlook will stay bullish as long as 1.6573 resistance turned support Read more…
Daily Pivots: (S1) 0.9378; (P) 0.9412; (R1) 0.9440; More…. EUR/CHF retreated notably after rising to 0.9440 and intraday bias is turned neutral first. On the upside, break of 0.9440 will resume the corrective rebound from Read more…