Daily Pivots: (S1) 0.8413; (P) 0.8423; (R1) 0.8438; More…. Intraday bias in EUR/GBP stays mildly on the upside as stronger rebound could be seen in EUR/GBP to 55 D EMA (now at 0.8473). Nevertheless, outlook Read more…
Markets Markets and several economic sectors Friday morning faced some jitters due to an IT outage linked to problems with an security update by CrowdStrike. It added to a risk-off tone at the final session Read more…
Joe Biden threw in the towel and announced that he quits the presidential race this weekend. He endorsed Vice President Kamara Harris to take his place. Harris said that she will do anything in her Read more…
Daily Pivots: (S1) 1.6250; (P) 1.6270; (R1) 1.6308; More… Intraday bias in EUR/AUD is back on the upside as rebound from 1.5996 resumed after brief retreat. Current development suggest that 1.0762 has completed with three Read more…
Australian Dollar leads other commodity currencies lower in Asian session today, reflecting a broader risk-off sentiment in the markets. The market’s risk-off sentiment is further emphasized by the strength of Yen and Swiss Franc, currencies Read more…
In a surprised move, China’s PBoC today announced its first reduction in a key short-term policy rate in nearly a year, following weaker-than-expected economic growth in Q2. The economy expanded at its slowest pace in Read more…
In June, New Zealand’s overall goods exports slightly declining by -0.1% yoy, a reduction of NZD 7.4m, totaling NZD 6.2B. Conversely, goods imports experienced a more significant decrease, falling -13% yoy or NZD 821m, resulting Read more…
Key Highlights EUR/USD started a steady increase and surpassed the 1.0910 resistance. A key bullish trend line is forming with support at 1.0870 on the 4-hour chart. GBP/USD is correcting gains from the 1.3050 resistance Read more…
Gold reversed from resistance area Likely to fall to support level 2350.00 Gold recently reversed down from the resistance area located between the pivotal resistance level 2440.00 (which stopped the previous waves 3 and 5, Read more…
GBPUSD reversed from resistance area Likely to fall to support level 172.95 GBPUSD currency pair earlier reversed down from the resistance area located between the key resistance level 1.3060 (which stopped the multi-month uptrend in Read more…