Daily Pivots: (S1) 150.47; (P) 151.87; (R1) 152.58; More… Intraday bias in USD/JPY remains neutral for the moment and some more consolidations could be seen. Downside should be contained above 149.95 resistance turned support. Break Read more…
Daily Pivots: (S1) 1.3290; (P) 1.3329; (R1) 1.3395; More… Intraday bias in GBP/USD remains neutral and some more consolidations could be seen above 1.3260 temporary low. Overall outlook is unchanged that corrective pattern from 1.3787 Read more…
Daily Pivots: (S1) 0.7963; (P) 0.8019; (R1) 0.8050; More… Intraday bias in USD/CHF remains neutral and some more consolidations could be seen below 0.8075 temporary top. Price actions from 0.7828 are currently seen as correcting Read more…
Daily Pivots: (S1) 0.6442; (P) 0.6508; (R1) 0.6542; More… AUD/USD recovered notably today and intraday bias is turned neutral first. Still, risk will remain on the downside as long as 0.6628 resistance holds. Current development Read more…
Asian equities started the week sharply lower after renewed flare-up in U.S.–China trade tensions, though signs from U.S. futures suggested that sentiment hadn’t worsened materially beyond last Friday’s selloff. Hong Kong’s Hang Seng Index slumped Read more…
On Friday, Trump threatened China with 100% tariffs on top of the existing rates as a retaliation against China’s new export control measures on rare earth minerals. However, comments received over the weekend appear to Read more…
China’s trade figures for September delivered a mixed picture. Exports rose 8.3% yoy, well above forecasts of 6.0% and marking the fastest pace in six months. Imports jumped 7.4% yoy, the strongest gain since April Read more…
Donald Trump has said he thinks quarterly earnings are a waste of time. There hasn’t been a huge groundswell of support to releasing corporate earnings, say, twice a year. So the ritual of companies releasing Read more…
Key Highlights EUR/USD declined further below 1.1600 and tested 1.1545. A major bearish trend line is forming with resistance at 1.1700 on the 4-hour chart. GBP/USD extended losses below 1.3400 and 1.3360. Gold is consolidating Read more…
Canadian Dollar is holding its ground as one of the month’s best-performing currencies so far, supported by surprisingly strong domestic data despite a slump in oil prices. WTI crude’s drop through 60 last week would Read more…