Daily Pivots: (S1) 0.8499; (P) 0.8521; (R1) 0.8551; More… Intraday bias in USD/CHF stays neutral as range trading continues. On the upside, firm break of 0.8548 will argue that it’s correcting whole fall from 0.9223. Intraday bias will be back on the upside for 38.2% retracement of 0.9223 to 0.8374 at 0.8698 at least. On […]
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The EUR/USD pair has descended to 1.1027, marking its lowest point in three weeks. The drop reflects market anticipation that the European Central Bank (ECB) will continue to ease monetary policy aggressively, spurred by sluggish Read more…
In a speech today, Bank of England Chief Economist Huw Pill urged “caution in” reducing monetary policy restrictions, emphasizing the need for a “gradual” approach to rate cuts. Pill highlighted that his “modal outlook” aligns Read more…
AUDUSD may find support at 0.6800 Stochastic and RSI suggest more declines AUDUSD has found strong resistance at the 20-month high of 0.6940 and is retreating towards the immediate 20-day simple moving average at 0.6800. Read more…