Daily Pivots: (S1) 1.6278; (P) 1.6320; (R1) 1.6372; More… Intraday bias in EUR/AUD remains neutral for consolidations above 1.6256 temporary low. But further decline would remain in favor as long as 1.6580 resistance holds. Below 1.6256 will resume the fall from 1.7180, and target 1.5996 key support level next. In the bigger picture, outlook is […]
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China’s economic data for October showed a mixed performance, with retail sales surpassing expectations while industrial production and fixed asset investment slightly underperformed. Industrial production grew by 5.3% yoy, just shy of the expected 5.4% Read more…
Japan’s economy expanded by 0.2% qoq in Q3 2024, aligning with market expectations but indicating a slowdown from the previous quarter’s momentum. On an annualized basis, GDP grew by 0.9%, surpassing the anticipated 0.7%, yet Read more…
Key Highlights USD/JPY started another increase above the 154.65 resistance. A key bullish trend line is forming with support at 155.25 on the 4-hour chart. Gold extended losses and traded below the $2,600 support. Oil Read more…