GBP/USD is stuck in a tight range, reflecting market indecision. Upcoming US data releases, including GDP and PCE data, could trigger a breakout from the range. The US Dollar Index’s performance will heavily influence GBP/USD’s Read more…
USDCHF takes a breather after hitting a four-month high Buying the dip has an advantage above 0.8750 US core PCE inflation eyed for more volatility later today USDCHF lost momentum after its uptrend peaked at a four-month Read more…
US 100 index trades sideways, a tad below its all-time high It continues to battle with the August 5, 2024 trendline Momentum indicators are modestly bullish at this stage The US 100 cash index is Read more…
The start of the final trading week of November has been eventful. Several currency pairs experienced a “gap” or price difference between Friday’s close and Monday’s opening. For instance, the GBP/USD pair opened 60 pips Read more…
USDJPY loses ground around 200-day SMA RSI and MACD head south USDJPY has declined considerably toward the 200-day simple moving average (SMA) around 152.10, with the potential to hit the short-term uptrend line before heading Read more…
Markets US President-elect Trump announcing he will raise tariffs on imports from Canada and Mexico by 25% and the levy on China by 10% in the end only had a limited impact on markets. Early Read more…
Daily Pivots: (S1) 1.0428; (P) 1.0486; (R1) 1.0548; More… EUR/USD is staying in consolidation above 1.0330 and intraday bias remains neutral. Further decline is expected as long as 1.0609 resistance holds. On the downside, sustained Read more…
Daily Pivots: (S1) 152.57; (P) 153.53; (R1) 154.07; More… Intraday bias in USD/JPY stays on the downside as corrective fall from 156.74 is in progress. Deeper decline would be seen to 38.2% retracement of 139.57 Read more…
Daily Pivots: (S1) 1.2511; (P) 1.2564; (R1) 1.2620; More… GBP/USD is staying in consolidation above 1.2486 and intraday bias remains neutral. Further decline is expected as long as 1.2713 resistance holds. On the downside, break Read more…
Daily Pivots: (S1) 0.8840; (P) 0.8868; (R1) 0.8892; More… USD/CHF is staying in consolidation below 0.8956 and intraday bias remains neutral. Outlook will continue to stay bullish as long as 0.8800 support holds, in case Read more…