Daily Pivots: (S1) 1.0906; (P) 1.0936; (R1) 1.0961; More… Intraday bias in EUR/USD remains neutral as range trading continues. On the downside break of 1.0876 will resume the fall from 1.1138 short term top to Read more…
Daily Pivots: (S1) 1.2678; (P) 1.2722; (R1) 1.2753; More… Intraday bias in GBP/USD remains neutral as range trading continues. On the upside, decisive break of 1.2826 high will resume whole rally from 1.2036. Nevertheless, break Read more…
Daily Pivots: (S1) 0.8482; (P) 0.8507; (R1) 0.8549; More…. Intraday bias in USD/CHF remains neutral and outlook is unchanged. Consolidation from 0.8332 is in progress and stronger recovery cannot be ruled out. But outlook will Read more…
Daily Pivots: (S1) 143.63; (P) 144.27; (R1) 144.89; More… USD/JPY recovered ahead of 143.17 minor support but stays well below 145.97 resistance. Intraday bias remains neutral at this point. On the upside, above 145.97 will Read more…
Release of Japan’s disappointing wage growth data led markets to scale back expectations of an imminent rate hike by BoJ. The continued lag in wages growth behind inflation undermines the prospects of establishing a virtuous Read more…
While dwelling and rents may still be of concern, the increase in household services prices was less than expected while many household goods are not measured in November, the month for the increasingly significant Black Read more…
DXY: The DXY (US Dollar Index) chart currently shows a neutral overall momentum, suggesting a lack of strong directional bias in the US Dollar. As a result, there is potential for price to fluctuate between Read more…
Australia’s monthly CPI saw notable deceleration in November, dropping from 4.9% yoy to 4.3% yoy, which was below expectation of 4.5% yoy. This represents the lowest reading since January 2022, as easing of the inflationary Read more…
Key Highlights Crude oil prices are struggling to climb above the $74.00 resistance. A major bearish trend line is forming with resistance near $73.10 on the 4-hour chart. Gold prices are also facing a major Read more…
Japan’s labor market showed a notable slowdown in nominal cash earnings growth in November, increasing by only 0.2% yoy, which was significantly below market expectation of 1.5% yoy. This rate marks the slowest growth in Read more…