Daily Pivots: (S1) 1.3311; (P) 1.3336; (R1) 1.3357; More… Intraday bias in GBP/USD stays neutral first and further rally is expected with 1.3178 support intact. As noted before, fall from 1.3787 should have completed as Read more…
Daily Pivots: (S1) 0.8014; (P) 0.8034; (R1) 0.8067; More… Intraday bias in USD/CHF remains neutral for the moment. Overall outlook is unchanged that price actions from 0.7828 are developing into a corrective pattern. On the Read more…
Last week was full of uncertainties and mixed signals, but US indices ultimately ended in the green after the PCE report — the Fed’s preferred inflation gauge — confirmed that inflation remains elevated, near 3%, Read more…
In focus today In the euro area, focus turns to the Sentix investor confidence indicator for December and the German industrial production data for October. The Sentix indicator will give us the first signal of Read more…
Daily Pivots: (S1) 0.6614; (P) 0.6632; (R1) 0.6658; More… Intraday bias in AUD/USD remains the upside for retesting 0.6706 high. As noted before, rise from 0.5913 might be ready to resume. Decisive break of 0.6706 Read more…
Dollar weakened mildly in Asian trading as the new week began, but the move lacked conviction, with most major pairs still confined to familiar ranges. With a light data calendar on tap today and little Read more…
China’s November trade data delivered a stronger-than-expected rebound, with exports surging 5.9% yoy to USD 330.35B, sharply reversing October’s -1.1% decline. The improvement marks the strongest performance since early 2024. However, the headline strength masks Read more…
Japan’s economic data delivered a familiar combination of improving nominal pay but still-depressed real incomes. Real wages fell -0.7% yoy in October, the 10th consecutive decline, though the rate of contraction moderated for the second Read more…
The latest data in China has changed little to the overall picture of a two-speed economy with domestic demand looking weak while exports and tech continue to power ahead. Growth is set to be close Read more…
Key Highlights EUR/USD gained pace for a move above the 1.1620 resistance. A key bullish trend line is forming with support at 1.1630 on the 4-hour chart. GBP/USD started consolidating gains above 1.3300. USD/JPY might Read more…