Daily Pivots: (S1) 0.9803; (P) 0.9821; (R1) 0.9838; More… Intraday bias in EUR/CHF is turned neutral with a temporary low formed at 0.9797. Some consolidations could be seen first, but deeper decline is in favor Read more…
Daily Pivots: (S1) 165.88; (P) 166.26; (R1) 166.81; More… Breach of 166.82 temporary top suggests that rise from 155.33 is resuming. Intraday bias is back on the upside, and further rally would be seen to Read more…
In March, UK payrolled employment grew 31k , or 0.1% mom. Compared with March 2022, payrolled employment rose 533k, or 1.8% yoy. Median monthly pay increased by 6.3% yoy, highest in finance and insurance sector Read more…
DXY: The DXY chart has a bearish momentum overall, with a potential short-term rise towards the 1st resistance before reversing and dropping towards the 1st support. The 1st support level is at 101.51, which is Read more…
Cycle from 3.24.2023 low in USDJPY is unfolding as a double three Elliott Wave structure. Up from 3.24.2023 low, wave (W) ended at 133.75 and pullback in wave (X) ended at 130.61. Wave (Y) higher Read more…
China’s Q4 GDP growth outperformed expectations at 4.5% yoy, up from 2.9% in Q4, and beat expectation of 4.0% yoy. Retail sales in March saw a 10.6% yoy increase, the largest since June 2021. Despite Read more…
Key Highlights GBP/USD started a downside correction from the 1.2550 zone. It traded below a major bullish trend line with support near 1.2410 on the 4-hour chart. EUR/USD also dipped and might test the 1.0880 Read more…
Gold has continued to weaken after reversing on Friday as the greenback found support on the back of comments from the Fed’s Christopher Waller. In addition to a stronger dollar, gold has also been held Read more…