As the GBP/USD chart shows, the pair is trading this morning above 1.3620 – its highest level since the beginning of July. The bullish sentiment is driven by the divergence in central bank policies: → Read more…
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Markets US Treasuries made one move yesterday, gaining slightly ground on a weak September Empire Manufacturing survey (-8.7 from 11.9 vs 5 expected). Traded volumes were low with US yields eventually losing 2 bps to Read more…
Daily Pivots: (S1) 200.00; (P) 200.37; (R1) 200.82; More… Intraday bias in GBP/JPY stays mildly on the upside at this point. Sustained trading above 200.32 will target 100% projection of 180.00 to 199.79 from 184.35 Read more…
Daily Pivots: (S1) 172.70; (P) 173.07; (R1) 173.65; More… Intraday bias in EUR/JPY remains neutral and further rise is in favor as long as 172.11 support holds. On the upside, firm break of 173.87/8 will Read more…
Daily Pivots: (S1) 0.8634; (P) 0.8647; (R1) 0.8661; More… EUR/GBP is still holding on to 0.8636 support despite breaching it. Intraday bias stays neutral. On the upside, break of 0.8683 minor resistance will extend the Read more…
Daily Pivots: (S1) 1.7596; (P) 1.7639; (R1) 1.7676; More… Intraday bias in EUR/AUD as consolidations continue above 1.7588. Another recovery cannot be ruled out, but further decline is expected as long as 55 D EMA Read more…
Daily Pivots: (S1) 0.9338; (P) 0.9347; (R1) 0.9356; More… No change in EUR/CHF’s outlook as consolidations continue above 0.9313. Intraday bias stays neutral and further decline is expected with 0.9394 resistance intact. On the downside, Read more…
UK labor market data for August showed further signs of strain, with payrolled employment falling by -8k on the month, extending a steady decline since the peak in Q3 2024. Claimant count rose by 17.4k, Read more…
Another day, another record high for the S&P 500 on optimism that: Earnings grew around 13% last quarter and the profit outlook has been improving since the summer months, and The Federal Reserve (Fed) is Read more…