Daily Pivots: (S1) 0.9521; (P) 0.9576; (R1) 0.9605; More… Intraday bias in EUR/CHF stays on the downside at this point. Current fall is part of larger decline from 1.0095. Next target is 100% projection of Read more…
Daily Pivots: (S1) 1.6210; (P) 1.6331; (R1) 1.6398; More… Intraday bias in EUR/AUD stays neutral and further rally is still in favor with 1.6231 support intact. On the upside, break of 1.6601 will resume the Read more…
FOMC is widely anticipated to increase interest rates by 25bps to between 5.25-5.50% today, following a brief pause in June. Recent chatter among financial circles suggests that this could mark the last hike in Fed’s Read more…
FOMC is widely anticipated to increase interest rates by 25bps to between 5.25-5.50% today, following a brief pause in June. Recent chatter among financial circles suggests that this could mark the last hike in Fed’s Read more…
Key Highlights Crude oil price started a fresh increase above the $75 resistance. A key bullish trend line is forming with support near $77.70 on the 4-hour chart. EUR/USD is consolidating near the 1.1050 pivot Read more…
Recently, gold prices settled by -0.41% at 59309 as the dollar and bond yields rose. However, hopes for a pause in US rate hikes limited the decline after the July meeting of the Federal Reserve. Read more…
The US dollar has risen for the 6th consecutive session, weighing on gold. However, this corrective pullback now highlights gold’s internal strength. Over the last week, gold fell 1.2% to $1953, erasing the rally of Read more…
The US dollar has risen for the 6th consecutive session, weighing on gold. However, this corrective pullback now highlights gold’s internal strength. Over the last week, gold fell 1.2% to $1953, erasing the rally of Read more…