Daily Pivots: (S1) 159.91; (P) 161.05; (R1) 162.65; More… Intraday bias in GBP/JPY remains mildly on the upside as rebound from 148.93 extends higher. Further rally should be seen to retest 169.10 high. Strong resistance Read more…
Sterling strengthens entering into European session, on rumors that UK Prime Minister Liz Truss to preparing to do a U-turn on tax and spending cuts. The talks came after Truss faced heavy scrutiny from Tory Read more…
USD/JPY: Price is in a strong bullish trend on the H4 chart. In addition, the price is above the ichimoku cloud, indicating a bullish market. Price has been consolidating near 144.952, the 0% Fibonacci line, Read more…
Japan PMI Manufacturing was finalized at 50.8 in September, down from August’s 51.5. S&P Global said high inflation and subdued global market conditions weight on order books. Output fell at sharpest pace in a year, Read more…
Japan Tankan large manufacturing index dropped from 9 to 8, below expectation of 11. That’s the third straight quarter of deterioration. Non-manufacturing index improve slightly from 13 to 14, above expectation of 13, and rise Read more…
In the summary of opinions of BoJ’s September 21-22 meeting, it’s noted that risks of “consumer prices deviating significantly upward from the baseline scenario, including the impact of foreign exchange rates, needs to be examined Read more…
Key Highlights EUR/USD started an upside correction above the 0.9700 level. It is facing a major resistance near 0.9820 and 0.9900 on the 4-hours chart. GBP/USD climbed higher sharply above the 1.0850 resistance zone. The Read more…
Experts forecast that inflation will hit double digits while oil prices continue to fall as recession fears rise amid investor concerns about the ailing state of the global economy. The Ukraine war is affecting markets Read more…
The CEO of Tesla has just proven once again that he is an iconoclastic boss. Elon Musk is not a Chief Executive Officer like the others. Tesla’s (TSLA) – Get Tesla Inc. Report boss is atypical. Read more…