Independent data provider ADP reported a decline of 32k jobs in the US private sector in September. The data was significantly worse than the expected growth of 50k. Moreover, August figures were revised down from +54k to -3k. ADP thus paints a very bleak labour market picture, while recent revisions to official figures suggested that […]
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Daily Pivots: (S1) 0.7781; (P) 0.7810; (R1) 0.7838; More…. Range trading continues in USD/CHF and intraday bias stays neutral. On the downside, break of 0.7671 support will revive near term bearishness and bring retest of Read more…
Daily Pivots: (S1) 1.3333; (P) 1.3372; (R1) 1.3431; More… GBP/USD is still bounded in range above 1.3252 and intraday bias remains neutral. Risk will stay on the downside as long as 1.3574 resistance holds, in Read more…
Daily Pivots: (S1) 1.1563; (P) 1.1594; (R1) 1.1641; More…. Intraday bias in EUR/USD remains on the downside for the moment. Current decline from 1.2081 should target 38.2% retracement of 1.0176 to 1.2081 at 1.1353 next. Read more…