Daily Pivots: (S1) 0.8754; (P) 0.8788; (R1) 0.8834; More…. Intraday bias in USD/CHF stays on the upside at this point. rebound from 0.8665 short term bottom is in progress for 0.8886 support turned resistance first. Read more…
Friday’s jobless report from the US was strong. It could’ve gone both ways, but it went well. The US economy added nearly 200’000 new nonfarm jobs in November, average earnings were higher than expected on Read more…
Daily Pivots: (S1) 143.18; (P) 144.20; (R1) 145.89; More… USD/JPY’s recovery from 141.59 continues today, and further rally could be seen. But upside should be limited below 147.14 support turned resistance. On the downside, below Read more…
Chinese Yuan’s significant selloff in Asian session today had a ripple effect across several major currencies, dragging down Japanese Yen, Australian Dollar, and New Zealand Dollar. This movement was largely spurred by concerning data from Read more…
Lofty dovish expectations of 4 Fed funds rate cut in 2024 are at risk of being dialed back. Short-term bullish momentum has resurfaced in the US 10-year Treasury real yield. Spot Gold (XAU/USD) may continue Read more…
DXY: The DXY chart currently exhibits a bearish overall momentum, and there’s potential for a bearish reaction off the 1st resistance level, suggesting a possible downward movement towards the 1st support. The 1st support at Read more…
Chinese Yuan weakens notably in Asian session today, setting its sights on crossing the 7.2 mark against Dollar. This movement is largely attributed to deepening deflation in consumer and factory prices in China, exerting downward Read more…
Key Highlights EUR/USD struggled near 1.1020 and started a fresh decline. It traded below a key bullish trend line with support at 1.0860 on the 4-hour chart. GBP/USD is also correcting gains below the 1.2600 Read more…
The cryptocurrency markets saw a sharp downturn in today’s Asian session. The decline doesn’t seem to be triggered by any specific event and might be amplified by the typically low liquidity on Mondays in the Read more…
Released over the weekend, China’s economic data revealed a concerning trend as CPI plunged further into negative territory in November, marking the country’s deepest deflationary period in three years. CPI fell to -0.5% yoy, a Read more…