Daily Pivots: (S1) 0.7956; (P) 0.7974; (R1) 0.8000; More… USD/CHF’s rebound from 0.7828 resumed by breaking through 0.8013 resistance and intraday bias is back on the upside. Sustained trading above 55 D EMA (now at Read more…
Daily Pivots: (S1) 1.3382; (P) 1.3435; (R1) 1.3478; More… GBP/USD is still staying above 1.3322 support despite current dip. Intraday bias stays neutral at this point. With 1.3535 resistance intact, further decline is mildly in Read more…
Investors took a breather from buying US stocks yesterday, near all-time highs, as a report showing Oracle’s profit margins were much lower than expected dampened the euphoria that followed the OpenAI and AMD announcements earlier Read more…
In focus today In the US, minutes from the FOMC’s September meeting will be released, with markets closely watching for clues on the timing of the next rate cut. We revised our call yesterday and Read more…
Daily Pivots: (S1) 1.1632; (P) 1.1675; (R1) 1.1701; More… EUR/USD’s fall from 1.1917 resumed by breaking through 1.1644 and intraday bias is back on the downside. Also, the break of 55 D EMA (now at Read more…
As we expected, the RBNZ cut the OCR by 50bps to 2.50%. The decision was reached by consensus, with no vote required. The Bank’s commentary suggests further easing is likely in November reflecting significant excess Read more…
Key Highlights GBP/USD is struggling to recover above 1.3500. A major bearish trend line is forming with resistance near 1.3470 on the 4-hour chart. EUR/USD is moving lower and might drop below 1.1620. Gold extended Read more…
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Fed Governor Stephen Miran said overnight that the neutral rate of interest has likely declined relative to a year ago, making current policy settings “more restrictive than a couple quarters ago.” Speaking at a conference, Read more…
The Blink Outdoor 4 is more than 50 percent off thanks to Prime Big Deal Days. Big-ticket tech like Sony’s Bravia 8 4K TV and Bose’s QuietComfort Headphones might be some of the more marquee Read more…