Daily Pivots: (S1) 1.3347; (P) 1.3380; (R1) 1.3430; More… Intraday bias in GBP/USD stays neutral and more consolidations could be seen above 1.3322. But further decline is expected as long as 1.3535 resistance holds. Break Read more…
Daily Pivots: (S1) 0.7953; (P) 0.7984; (R1) 0.8026; More… Intraday bias in USD/CHF stays neutral for the moment, and more consolidations could be seen first. On the upside, sustained trading above 55 D EMA (now Read more…
Last week ended on a positive note despite fresh tariff threats on pharma, trucks and kitchen cabinets. PCE data coming in line with expectations helped keep investor mood sweet after a week of hesitation. The Read more…
In focus today In the euro area, this week’s focus is on the flash HICP inflation print for September, with data from Spain and Belgium due today. We expect euro area HICP inflation to rise Read more…
Daily Pivots: (S1) 149.28; (P) 149.62; (R1) 149.83; More… Intraday bas in USD/JPY is turned neutral first as retreat from 149.95 deepens. Some consolidations would be seen first but further rally is expected as long Read more…
Yen jumped broadly in Asian trading today, marking a strong performance on the penultimate session of Q3. The move coincided with a drop in Nikkei, where ex-dividend effects weighed on equities, prompting flows into Yen. Read more…
Key Highlights EUR/USD started a fresh decline from the 1.1920 resistance. A major bearish trend line is forming with resistance near 1.1750 on the 4-hour chart. GBP/USD also declined over 400 pips from the 1.3725 Read more…
Markets continued to absorb the impact of this month’s U.S. interest rate cut as the U.S. dollar, which weakened early in the week, rebounded sharply toward the end on stronger-than-expected Durable Goods Orders and GDP Read more…
Gold surged to another record in Asian trading today, edging toward 3800 level, while Silver held firm around 46.5 after last week’s sharp 7% rise. Both metals remain supported by low interest rates and geopolitical Read more…
Oil prices slipped slightly in Asian session after reports that OPEC+ is set to approve another production hike in November. The group is said to consider lifting quotas by at least 137k barrels per day Read more…