Daily Pivots: (S1) 198.92; (P) 199.57; (R1) 200.23; More… GBP/JPY recovers today but stays below 200.26 resistance and intraday bias remains neutral. Some more consolidations could be seen, but in case of another fall, downside Read more…
Asian markets opened the week on a positive note, with Japan’s Nikkei 225 extending its rally to fresh record highs. The interplay between Nikkei and Yen remains crucial. A softer yen improves exporters’ competitiveness, lifting Read more…
Key Highlights EUR/USD started a fresh increase above the 1.1620 resistance. A major bullish trend line is forming with support at 1.1665 on the 4-hour chart. GBP/USD rallied and tested the 1.3590 resistance zone. USD/JPY Read more…
Take your pick on what’s the most important economic event of the week: Jerome Powell’s speech on Friday in Jackson Hole, Wyo.Existing home sales for July on Thursday. Two Standard & Poor’s reports on purchasing managers Read more…
Last week, markets focused on the rising chance of a U.S. rate cut in September. U.S. CPI was weaker than expected, boosting hopes for a cut, while PPI was higher, showing the impact of tariffs Read more…
Bitcoin’s near-term outlook now hinges on whether 112,000 zone can hold as support after last week’s brief breakout to a record 124,553. The sharp reversal has shifted attention to this key level, with selling pressure Read more…
New Zealand’s BusinessNZ Performance of Services Index improved slightly in July, rising from 47.6 to 48.9. But the sector remained in contraction for the sixth consecutive month. Also, the latest reading is still well below Read more…
Ethereum: ⬇️ Sell Ethereum reversed from the long-term resistance level 4755. Likely to fall to support level 4115.00 Ethereum cryptocurrency recently reversed from the major long-term resistance level 4755.00 (which stopped the earlier sharp weekly Read more…
The smartphone market hasn’t seen many significant changes over the past decade. As a result, many are content sticking with their older Apple iPhones rather than upgrading to the latest models for what amounts to Read more…
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