Daily Pivots: (S1) 0.8817; (P) 0.8839; (R1) 0.8865; More… Intraday bias in USD/CHF remains neutral as consolidation from 0.8916 is extending. Further rally is expected as long as 0.8773 resistance turned support holds. On the upside, break of 0.8916 and sustained trading above 61.8% retracement of 0.9223 to 0.8374 at 0.8899 will pave the way […]
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Richmond Fed President Tom Barkin told the Financial Times he would not “prejudge” the rate decision at the December meeting. He acknowledged the dual challenges of elevated inflation and labor market strains. “If you’ve got Read more…
Greek ECB Governing Council member Yannis Stournaras expressed strong support for further monetary easing, suggesting a rate cut at every meeting moving forward until the policy rate reaches the “neutral rate,” estimated at around 2%. Read more…
EUR/USD remains biased lower as near term action stays within extended consolidation range above 13-month low (1.0495), with the upside being capped by solid barriers at 1.0600 zone (former low of Apr 16 / Fibo Read more…