August ended on a positive note. Friday’s data showed that the US PCE and the core PCE index stagnated near the levels printed a month earlier instead of a small uptick. Personal spending rose more than expected – and more than income, but the US saving rate fell to 2.9% – the lowest since 2022. […]
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Daily Pivots: (S1) 1.1096; (P) 1.1137; (R1) 1.1204; More…. Intraday bias in EUR/USD remains mildly on the upside with focus on 1.1200 resistance. Decisive break there will resume larger the rally from 1.0665 to 1.1274 Read more…
Daily Pivots: (S1) 141.70; (P) 142.82; (R1) 143.76; More… Intraday bias in USD/JPY stays mildly on the upside for the moment. Rebound from 139.57 short term bottom should target 55 D EMA (now at 147.37), Read more…
Daily Pivots: (S1) 1.3188; (P) 1.3251; (R1) 1.3349; More… GBP/USD’s rally is still in progress and intraday bias stays on the upside for 61.8% projection of 1.2664 to 1.3265 from 1.3000 at 1.3371 in the Read more…