Summary The FOMC kept the fed funds rate unchanged in June, but the post-meeting statement said that the Committee would take into account “economic and financial developments” when “determining the extent to which additional policy Read more…
Daily Pivots: (S1) 1.1207; (P) 1.1226; (R1) 1.1248; More… Intraday bias in EUR/USD is turned neutral with extended loss of upside momentum as seen in 4 H MACD. While further rise cannot be ruled out, Read more…
US Empire State Manufacturing Survey showed a decline in the headline general business conditions index, falling from 6.6 to a modest 1.1 in July, slightly above expectation of 0.0. While 29% of respondents reported improved Read more…
The release of disappointing Chinese economic data earlier today has cast a shadow on global sentiment, instigating downturns in oil and copper prices, as well as European indices and US futures. WTI crude oil experienced Read more…
GBP/USD started a downside correction from the 1.3145 zone. EUR/GBP is eyeing more gains above the 0.8575 resistance zone. Important Takeaways for GBP/USD and EUR/GBP Analysis Today The British Pound is trading in a bullish Read more…
GBP/USD started a downside correction from the 1.3145 zone. EUR/GBP is eyeing more gains above the 0.8575 resistance zone. Important Takeaways for GBP/USD and EUR/GBP Analysis Today The British Pound is trading in a bullish Read more…
GBP/USD started a downside correction from the 1.3145 zone. EUR/GBP is eyeing more gains above the 0.8575 resistance zone. Important Takeaways for GBP/USD and EUR/GBP Analysis Today The British Pound is trading in a bullish Read more…
Daily Pivots: (S1) 1.1207; (P) 1.1226; (R1) 1.1248; More… Intraday bias in EUR/USD stays on the upside despite some loss of momentum. Further rally would be seen to 1.1273 fibonacci level. Firm break there will Read more…
Gold prices dipped as investors took profits following a near one-month high, but still recorded their biggest weekly gain since April on expectations of a pause in U.S. interest rate hikes. Spot gold was down Read more…
DXY: The DXY (US Dollar Index) chart is currently showing a bearish momentum. However, the market could potentially make a bullish bounce off the 1st support and move towards the 1st resistance. The 1st support Read more…