Daily Pivots: (S1) 1.7647; (P) 1.7699; (R1) 1.7731; More… EUR/AUD’s fall from 1.7976 is in progress today and intraday bias stays on the downside for 1.7561 support. Firm break there should confirm that larger corrective Read more…
Daily Pivots: (S1) 0.9325; (P) 0.9335; (R1) 0.9341; More…. EUR/CHF is still bounded in consolidations below 0.9349 and intraday bias stays neutral. As noted before, fall from 0.9660 could have completed at 0.9178, on bullish Read more…
Markets US economic data yesterday all but cemented next week’s Fed rate cut expectations. The ADP job report unexpectedly showed a 32k job loss – the second worst reading since June 2020 – and wage Read more…
Daily Pivots: (S1) 1.1635; (P) 1.1657; (R1) 1.1692; More…. Intraday bias in EUR/USD remains on the upside for the moment. Fall from 1.1917 should have completed at 1.1467. Further rise should be seen to 1.1727 Read more…
Daily Pivots: (S1) 154.85; (P) 155.39; (R1) 155.77; More… Intraday bias in USD/JPY remains neutral and outlook is unchanged. With near term rising channel floor intact, further rally is expected. Above 156.57 minor resistance will Read more…
Daily Pivots: (S1) 1.3250; (P) 1.3303; (R1) 1.3405; More… Intraday in GBP/USD stays on the upside for 1.3470 resistance. Fall from 1.3787 could have completed as a correction at 1.3008. Firm break of 1.3470 will Read more…
Daily Pivots: (S1) 0.7978; (P) 0.8010; (R1) 0.8028; More… Intraday bias in USD/CHF remains neutral at this point. Outlook is unchanged that price actions from 0.7828 low is seen as a corrective pattern. On the Read more…
NZD/USD extended its rebound from 0.5580 this week as the pair capitalized on a softer US Dollar, driven by the sharp deterioration in ADP employment data. The weak labor reading reinforced expectations of a December Read more…
BoJ Governor Kazuo Ueda told lawmakers today that Japan’s neutral interest rate remains highly uncertain, describing it as a concept that can only be estimated within a “quite wide range.” He noted that the central Read more…
The rally in Silver from the 28 October low continues to unfold as a five‑wave impulse Elliott Wave sequence, though the structure remains incomplete. From that low, wave 1 advanced to 54.39, followed by a Read more…