In focus today The data front remains relatively quiet; however, keep an eye on the UK CPI inflation data for September, which will likely determine whether a Bank of England rate cut will be considered Read more…
Key Highlights Ethereum found support near $3,450 and started a decent upward move. ETH is following a connecting bullish trend line with support at $3,950 on the daily chart. Bitcoin price rallied over 5% but Read more…
UK inflation came in softer than expected in September. Headline CPI was unchanged at 3.8% yoy, below consensus of 4.0%. Core CPI (excluding energy, food, alcohol and tobacco) eased to 3.5% from 3.6%. Breakdowns showed Read more…
Daily Pivots: (S1) 0.6466; (P) 0.6495; (R1) 0.6518; More… Intraday bias in AUD/USD remains neutral as range trading continues. Further decline is in favor as long as 55 D EMA (now at 0.6542) holds. Below Read more…
Daily Pivots: (S1) 1.1580; (P) 1.1618; (R1) 1.1637; More… Intraday bias in EUR/USD stays neutral, and fall from 1.1917 is expected to resume sooner or later. Break of 1.1540 will target 1.1390 support, or even Read more…
Daily Pivots: (S1) 1.3346; (P) 1.3383; (R1) 1.3404; More… No change in GBP/USD’s outlook and intraday bias remains neutral. Another fall is mildly in favor as long as 1.3526 resistance holds. Break of 1.3247 will Read more…
Daily Pivots: (S1) 0.7930; (P) 0.7949; (R1) 0.7982; More… Intraday bias in USD/CHF remains neutral at this point, and further fall is in favor with 0.7984 minor resistance intact. On the downside, below 0.7872 will Read more…
Daily Pivots: (S1) 150.87; (P) 151.53; (R1) 152.58; More… Intraday bias in USD/JPY remains on the upside for retesting 153.26. Break there will resume larger rally from 139.87 to 100% projection of 142.66 to 150.90 Read more…
The forex market turned noticeably quieter in Asian session today, with traders taking a breather after the risk-on rally seen earlier in the week. Most major pairs and crosses remain confined within last week’s ranges, Read more…
The short-term Elliott Wave analysis for the S&P 500 E-Mini Futures (ES) indicates the Index is currently in the final leg of wave (5), originating from the April 2025 low, before a larger three-wave correction Read more…