Daily Pivots: (S1) 1.1595; (P) 1.1608; (R1) 1.1630; More… Intraday bias in EUR/USD remains neutral, and further decline is expected with 1.1727 resistance intact. Break of 1.1540 will resume the fall from 1.1917 to 1.1390 Read more…
Daily Pivots: (S1) 152.01; (P) 152.40; (R1) 152.99; More… Intraday bias in USD/JPY stays on the upside at this point. Break of 153.26 will larger rally from 139.87 to 100% projection of 142.66 to 150.90 Read more…
Daily Pivots: (S1) 1.3301; (P) 1.3333; (R1) 1.3358; More… No change in GBP/USD’s outlook and intraday bias stays neutral. Fall from 1.3725 could extend lower and break of 1.3247 will target 1.3140 cluster (38.2% retracement Read more…
Key Highlights USD/JPY started a fresh increase above 151.50. It cleared a key bearish trend line with resistance at 150.85 on the 4-hour chart. EUR/USD is again moving below the 1.1620 support. The US CPI Read more…
Japan’s inflation picked up in September, with core CPI (excluding fresh food) rising from 2.7% to 2.9% yoy, matching expectations and marking the first acceleration in four months. The key gauge has stayed at or Read more…
Japan’s private sector lost further momentum in October, with both manufacturing and services activity softening, according to S&P Global’s Flash PMI survey. The Manufacturing PMI slipped from 48.5 to 48.3, extending its contraction, while Services Read more…
Australia’s private sector activity sent mixed signals in October, according to the S&P Global Flash PMI survey. Manufacturing PMI slipped back into contraction, falling from 51.4 to 49.7, while Services PMI rose to 53.1 from Read more…
US–Australia rare earths deal aims to counter China’s hold over the industry. National comparative advantage comes down to an ability to pivot and adapt. If one country has a chokehold over a key commodity or Read more…
Key insights from the week that was. With no data of note for Australia, the spotlight largely remained on the announced agreement between the US and Australia to jointly fund an expansion of rare earths Read more…
EURGBP: ⬆️ Buy EURGBP reversed from support area Likely to rise to resistance level 0.8735 EURGBP currency pair recently reversed from the support area located between the pivotal support level 0.8660 (which has been reversing Read more…