Markets Yesterday’s US payrolls were supposed to deliver key input for the Fed decision making process as Fed Chair Warsh at the start of its mandate promised that the US central bank will deliver on its price stability mandate. Strong US payrolls over previous months suggested that the ‘second pillar’ of the Fed’s mandate, maximum […]
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Gold rose to 4,177 USD per troy ounce on Friday, having gained more than 2% in the previous session. The primary driver of the recovery was US labour market data, which came in weaker than Read more…
EUR/USD is staying below 1.1499 support turned resistance. Intraday bias remains neutral, and further decline is in favor. On the downside, break of 1.1323 will resume the fall from 1.2081 to 100% projection of 1.2081 Read more…
Intraday bias in USD/JPY remains mildly on the downside. Pullback from 162.83 short term top would extend to 38.2% retracement of 155.01 to 162.83 at 159.84. Since this level is close to 55 D EMA Read more…