Daily Pivots: (S1) 1.6233; (P) 1.6366; (R1) 1.6458; More… Intraday bias in EUR/AUD remains on the downside for 1.6132 support. Break there will extend the fall from 1.6598 to retest 1.5996 key support level. On the upside, above 1.6356 minor resistance will turn intraday bias neutral first. But risk will stay on the downside as […]
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Monetary Policy Summary, November 2024 The Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. The MPC adopts a medium-term Read more…
The Dollar Index eases from new four-month high (105.33) posted on Wednesday’s sharp rally (the biggest daily gain in two years) on news of Trump’s election victory. Partial profit-taking pushed the price lower, but the Read more…
Cable edges higher following Wednesday’s post-US election 1.1% drop, generating an initial signal of recovery, after bears repeatedly experienced strong downside rejection. Double failure to register clear break of Fibo support at 1.2846 (76.4% of Read more…