Daily Pivots: (S1) 1.0766; (P) 1.0781; (R1) 1.0799; More… Intraday bias in EUR/USD remains neutral and outlook is unchanged. While stronger recovery cannot be ruled out, outlook will stay bearish as long as 1.0896 resistance Read more…
Daily Pivots: (S1) 1.2604; (P) 1.2624; (R1) 1.2648; More… GBP/USD edged higher to 1.2653 today but failed to sustain above 55 4H EMA again. Intraday bias remains neutral for the moment. On the upside, firm Read more…
Daily Pivots: (S1) 0.8733; (P) 0.8747; (R1) 0.8763; More…. USD/CHF’s rally continues today and intraday bias stays on the upside. Current rise from 0.8332 should target 61.8% retracement of 0.9243 to 0.8332 at 0.8995. On Read more…
The British pound is showing limited movement at the start of the week. In Monday’s North American session, GBP/USD is trading at 1.2610, down 0.15%. Bank of England Governor Andrew Bailey will speak at a Read more…
Daily Pivots: (S1) 149.01; (P) 149.29; (R1) 149.56; More… Intraday bias in USD/JPY is turned neutral as retreat from 149.57 is extending. Some consolidations could be seen but further rally is expected as long as Read more…
Japanese Yen stages a broad recovery today, buoyed by notable retreat in European benchmark yields. Meanwhile, Dollar is softening against Yen, yet holding its ground across other major currencies. New Zealand Dollar emerges as the Read more…
Copper trades steadily in range today, showing no immediate signs of a rebound. Near term selloff intensified following last week’s announcement by KoBold Metals, a venture with backing from notable figures including Bill Gates, about Read more…
Tesla (TSLA) shares edged lower Monday after the carmaker unveiled a fresh round of U.S. price cuts, raising further questions about the health of EV demand heading into the early months of the year. Tesla Read more…
RBA’s Orr says high rates still needed New Zealand releases inflation Expectations on Tuesday The New Zealand dollar is lower on Monday. In the European session, NZD/USD is trading at 0.6127, down 0.35%. The New Read more…
The stock market has taken its fair share of twists and turns over the past year. The S&P 500 began 2023 strong before sliding through March. Then, it rallied nicely higher until mid-summer before a Read more…