The ongoing cycle in the S&P 500 Index (SPX), originating from the April 2025 low, continues to unfold as an impulsive structure. The advance to 6920.21 marked the completion of wave (3) within this impulse, Read more…
Sentiment is everything. That’s exactly what we’re seeing at the start of this week. Just last week, strong earnings from S&P 500 companies beat expectations — yet their stock prices fell in reaction, dragging the Read more…
In focus today In the UK, the monthly labour market report is released today. Payrolls have declined throughout the year, but the pace has been modest and not too worrying. Wage growth has been edging Read more…
UK labor market data released today showed further cooling, reinforcing expectations that the BoC would deliver another rate cut in December. In October, Payrolled employment fell -0.1% mom, or -32k, while claimant count rose 29k, Read more…
Daily Pivots: (S1) 202.21; (P) 202.72; (R1) 203.63; More… Intraday bias in GBP/JPY remains neutral first. On the upside, break of 204.22 resistance should confirm that correction from 205.30 has completed with three waves at Read more…
Daily Pivots: (S1) 177.52; (P) 177.98; (R1) 178.63; More… Intraday bias in EUR/JPY remains neutral as it’s still staying in range below 178.80 resistance. On the upside, decisive break of 178..80 will resume larger up Read more…
Daily Pivots: (S1) 0.8762; (P) 0.8779; (R1) 0.8788; More… EUR/GBP is still bounded in consolidations below 0.8828 and intraday bias stays neutral. Further rally is expected as long as 0.8761 support holds. On the upside, Read more…
Daily Pivots: (S1) 1.7634; (P) 1.7724; (R1) 1.7772; More… Intraday bias in EUR/AUD remains neutral at this point. On the downside, break of 1.7561 support will revive the bearish case that corrective pattern from 1.8554 Read more…
Daily Pivots: (S1) 0.9295; (P) 0.9311; (R1) 0.9321; More…. Intraday bias EUR/CHF remains neutral at this point. More consolidations could be seen below 0.9325 first. On the upside, break of 0.9325 will target 0.9371 resistance. Read more…
Daily Pivots: (S1) 1.3996; (P) 1.4027; (R1) 1.4053; More… No change in USD/CAD’s outlook and intraday bias stays mildly on the downside. . Fall from 1.4139 short term top would extend towards 1.3886 support. On Read more…