Daily Pivots: (S1) 0.8011; (P) 0.8036; (R1) 0.8072; More…. Intraday bias in USD/CHF stays neutral for the moment. On the downside, break of 0.7984 will resume the fall from 0.8170 to 0.7910 support first, and Read more…
Daily Pivots: (S1) 1.1655; (P) 1.1682; (R1) 1.1713; More… Intraday bias in EUR/USD remains neutral and further rally is in favor as long as 1.1573 support holds. Corrective fall from 1.1829 should have completed with Read more…
Daily Pivots: (S1) 1.3306; (P) 1.3428; (R1) 1.3515; More… Intraday bias in GBP/USD remains on the downside for the moment. Corrective pattern from 1.3787 is extending with another falling leg. Deeper decline would be seen Read more…
Asian equities traded lower today, tracking the decline on Wall Street overnight, as investors grappled with rising bond yields and renewed trade uncertainty. Even stronger-than-expected Chinese services PMI and robust Australian GDP data failed to Read more…
BoJ Governor Kazuo Ueda said he discussed economic and market conditions, including foreign exchange moves, in a meeting with Prime Minister Shigeru Ishiba today. Ueda told reporters afterward that “it’s desirable for currency rates to Read more…
Nasdaq Futures (NQ) display a bearish sequence with a lower low from the 13 August high, signaling potential for further declines. The decline from this peak is unfolding as a double three Elliott Wave structure. Read more…
September didn’t start on a positive note for global markets. Market sentiment was less than cheery as the US returned from its long weekend, and the selloff in long-maturity bonds in developed markets accelerated. The Read more…
In focus today In the US, today’s main data focus will be on July JOLTs labour turnover report. The number of job openings is a key measure of labour demand for the Fed. In Sweden, Read more…
Key Highlights Gold started a fresh rally above the $3,500 resistance. A major bullish trend line is forming with support at $3,460 on the 4-hour chart. WTI Crude Oil prices could recover if there is Read more…
AUD/JPY extended its rally this week, surging toward the 97.41 resistance level and positioning to resume the broader uptrend from the April low of 86.03. The move has been driven by a powerful combination of Read more…