Daily Pivots: (S1) 0.8604; (P) 0.8645; (R1) 0.8684; More…. Focus stays on 0.8665 support turned resistance as rebound in USD/CHF. Decisive break there will turn near term outlook bullish for 61.8% retracement of 0.9243 to Read more…
Daily Pivots: (S1) 147.33; (P) 147.92; (R1) 148.75; More… Intraday bias in USD/JPY remains on the upside, as rise from 140.25 is in progress. Next target is 151.89/93 key resistance zone next. On the downside, Read more…
Daily Pivots: (S1) 1.3476; (P) 1.3509; (R1) 1.3538; More… Intraday bias in USD/CAD is turned neutral with 4H MACD crossed below signal line. Some consolidations could be seen first. But further rally is expected as Read more…
DXY: The DXY (US Dollar Index) chart currently exhibits an overall bullish momentum. However, there is a potential scenario for price to drop towards the 1st support before resuming the uptrend. The 1st support level Read more…
Employment: –65.1k (from +72.6k). Unemployment Rate: 3.9% (unchanged). Participation Rate: 66.8% (from 67.3%). December’s labour force figures featured another surprise with regards to employment growth, this time to the downside, collapsing –65.1k (–0.5%) in the Read more…
Key Highlights Bitcoin price trimmed most gains after the spot ETF approval. BTC traded below a key bullish trend line with support at $44,500 on the 4-hour chart. The price could extend losses if it Read more…
Japan’s core private-sector machinery orders fell notably by -4.9% mom in November, significantly below expectation of -0.8% mom. This decline marks the first downturn in three months and points to a potential slowdown in business Read more…
Australia had an unexpected contraction in employment in December, with a decrease of -65.1k jobs, significantly deviating from expectation of 15.4k. This decline was marked by a substantial drop in full-time employment by -106.6k, which Read more…
Fed’s Beige Book noted a majority of the 12 Districts observed “little to no change in economic activity”. Of the districts that reported varying trends, three experienced “modest growth”, while one district encountered a “moderate Read more…
GBPUSD reversed from support level 1.2620 Likely to rise to resistance level 1.2775 GBPUSD currency pair recently reversed up from the key support level 1.2620 (which has been repeatedly reversing the price from the middle Read more…