Daily Pivots: (S1) 0.6614; (P) 0.6632; (R1) 0.6658; More… Intraday bias in AUD/USD remains the upside for retesting 0.6706 high. As noted before, rise from 0.5913 might be ready to resume. Decisive break of 0.6706 Read more…
Dollar weakened mildly in Asian trading as the new week began, but the move lacked conviction, with most major pairs still confined to familiar ranges. With a light data calendar on tap today and little Read more…
China’s November trade data delivered a stronger-than-expected rebound, with exports surging 5.9% yoy to USD 330.35B, sharply reversing October’s -1.1% decline. The improvement marks the strongest performance since early 2024. However, the headline strength masks Read more…
Japan’s economic data delivered a familiar combination of improving nominal pay but still-depressed real incomes. Real wages fell -0.7% yoy in October, the 10th consecutive decline, though the rate of contraction moderated for the second Read more…
The latest data in China has changed little to the overall picture of a two-speed economy with domestic demand looking weak while exports and tech continue to power ahead. Growth is set to be close Read more…
Key Highlights EUR/USD gained pace for a move above the 1.1620 resistance. A key bullish trend line is forming with support at 1.1630 on the 4-hour chart. GBP/USD started consolidating gains above 1.3300. USD/JPY might Read more…
Markets were calm last week with no major surprises. Fed Chair Powell did not discuss the economy or monetary policy, so traders didn’t get any new signals on inflation or interest rates. Even so, equities Read more…
AUDJPY: ⬆️ Buy AUDJPY broke long-term resistance level 102.30 Likely to rise to resistance level 105.20 AUDJPY currency pair recently broke above the long-term resistance level 102.30 (former multi-month high from November). The breakout of Read more…
It’s been three-and-a-half years since the retail price of a gallon of gasoline topped $5 and the price of a 42-gallon barrel of U.S. crude oil peaked at just below $139. This week, the national Read more…
Cathie Wood, chief of Ark Investment Management, is making moves in megacap tech stocks. Last month, Wood added to her positions in Nvidia and Google, and this week she trimmed two other names from the Read more…