Daily Pivots: (S1) 1.7787; (P) 1.7824; (R1) 1.7853; More… Intraday bias in EUR/AUD stays mildly on the upside at this point. Pullback from 1.8155 could have completed at 1.7588, after defending 61.8% retracement of 1.7245 Read more…
Markets A phone call between US president Trump and his Chinese counterpart Xi Jinping supported the bulls on Friday. The sale of TikTok’s US operations to an American company was the main point but Trump Read more…
The week kicks off on a mixed note. Last week’s Federal Reserve (Fed) rate cut gave markets a boost, but news that the Bank of Japan (BoJ) will begin reducing its ETF holdings unsettled global Read more…
In focus today In the euro area, focus turns to the consumer confidence indicator for September. Confidence has been stuck at a low level for the last four months, which limits growth in private consumption. Read more…
Daily Pivots: (S1) 0.8698; (P) 0.8714; (R1) 0.8737; More… Intraday bias in EUR/GBP remains on the upside for retesting 0.8752 resistance. Firm break there will resume larger rally to 61.8% projection of 0.8354 to 0.8752 Read more…
Forex markets started the week on a subdued note, with Asian trading showing little momentum. With no top-tier data scheduled, activity is likely to stay muted until later in the week, leaving traders watching central Read more…
Bitcoin and Ethereum lost ground over the past week as stronger Dollar weighed, breaking their recent correlation with the NASDAQ. While tech stocks surged to fresh records, the two largest cryptocurrencies failed to follow. The Read more…
The People’s Bank of China left its one-year loan prime rate at 3.0% and the five-year at 3.5% today, extending a steady policy stance for the fourth month running. The unchanged setting came in line Read more…
RBA Governor Michele Bullock told a parliamentary committee today that the central bank expects underlying inflation to moderate toward the midpoint of its 2–3% target range, with forecasts conditioned on the market’s assumption of modest Read more…
Key Highlights EUR/USD started a sharp downside correction from 1.1920. A major bullish trend line is in place with support at 1.1720 on the 4-hour chart. GBP/USD declined heavily below 1.3600 and 1.3550. Gold prices Read more…