Daily Pivots: (S1) 0.6735; (P) 0.6744; (R1) 0.6755; More… Intraday bias in AUD/USD is back on the upside with breach of 0.6760 temporary top. Rise from 0.6361 is resuming and should target 61.8% projection of Read more…
Dollar weakened notably against Sterling and Aussie overnight, but held steady against other currencies. Market focus is now on the upcoming US consumer inflation data, with expectations of a slowdown in the headline CPI and Read more…
US stocks soared overnight, with NASDAQ and S&P 500 both extending their record runs with gains exceeding 1%. Investors responded positively to Fed Chair Jerome Powell’s two-day semiannual testimony, even though forex markets remained relatively Read more…
Speaking at an event in Australia today, Fed Governor Lisa Cook expressed optimism about the US economy’s prospects, noting that the data so far appears to be “consistent with a soft landing”. She highlighted that Read more…
BoE MPC member Catherine Mann, known for her hawkish stance, expressed caution in a speech overnight. Although headline inflation has fallen to 2%, Mann described this as a “touch and go,” predicting that “we’re going Read more…
Anticipation is high for the release of US CPI data, which is expected to influence market movements, especially the US Dollar Index (DXY). The market has priced in an 71.8% chance of a September rate Read more…
Silver prices have risen due to a supply and demand gap, with demand outstripping supply for the fifth consecutive year. Industrial demand, driven by green energy, AI, and EVs, now accounts for 64% of global Read more…
S&P 500 broke key resistance level 5500.00 Likely to rise to resistance level 5700.00 S&P 500 Index is under the bullish pressure after the price broke above the key resistance level 5500.00, which stopped the Read more…
EURJPY broke the key resistance level 174.30 Likely to rise to the resistance level 176.00 EURJPY currency pair recently broke above the key resistance level 174.30, which stopped the previous impulse wave I at the Read more…
On Wednesday, the EURUSD pair remained steady around 1.0820, confined within a narrow range as the US Dollar continued its subdued trend. Federal Reserve Chairman Jerome Powell’s testimony before Congress did little to provide clear Read more…