Daily Pivots: (S1) 1.2080; (P) 1.2146; (R1) 1.2225; More… GBP/USD’s break of 1.2062 suggests that corrective rebound form 1.1759 has completed at 1.2292, after hitting 55 day EMA. Intraday bias is back on the downside for retesting 1.1759 low first. Firm break there will resume medium term down trend. For now, risk will stay on […]
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Australia’s labor market delivered a strong upside surprise in April, with employment rising by 89k, sharply above expectations of 20.9k. Full-time jobs accounted for 59.5k of the gain, while part-time employment rose by 29.5k. Unemployment Read more…
At an event overnight, San Francisco Fed President Mary Daly said Fed is in a “good position” to respond to evolving conditions and uncertainties. She emphasized, “patience is the word of the day,” “We’ve got Read more…
Key Highlights WTI Crude Oil prices started a recovery wave above the $60.00 level. A connecting bullish trend line is forming with support at $61.90 on the 4-hour chart. Gold prices dipped below the $3,300 Read more…