Daily Pivots: (S1) 0.8727; (P) 0.8754; (R1) 0.8780; More…. Intraday bias in USD/CHF stays mildly on the upside for the moment. As short term bottom should be in place at 0.8665, on bullish convergence condition Read more…
Daily Pivots: (S1) 1.2554; (P) 1.2584; (R1) 1.2622; More… Intraday bias in GBP/USD is turned neutral with current recovery. Risk will stay on the downside as long as 1.2731 resistance holds. Below 1.3543 will resume Read more…
Daily Pivots: (S1) 1.0760; (P) 1.0788; (R1) 1.0822; More… EUR/USD recovered after falling to 1.0754, and drew support from 55 D EMA (now at 1.0770). Intraday bias is turned neutral for consolidations. But another fall Read more…
Japanese Yen continues to dominate as the strongest currency for the week, finding additional support from Japan’s unexpectedly robust wage growth data. However, its rally is currently pausing, with global financial markets redirecting their focus Read more…
As the US Non-Farm Payrolls (NFP) take center stage, this month’s data gains special attention, particularly after the unemployment rate took a concerning turn in the previous month. The US ADP Employment Change reveals a Read more…
DXY: The DXY chart currently shows a bearish overall momentum, indicating a potential for a bearish continuation in the price action. The 1st support level at 103.19 is considered an overlap support. This level holds Read more…
Today’s primary focus in the financial markets is US Non-Farm Payrolls report, which is keenly anticipated by investors assessing the “soft landing” scenario in the economy. The soft landing hypothesis implies that labor market is Read more…
Japan’s nominal pay growth rose by 1.5% yoy, surpassing the expected 1.0% yoy increase. This marked the fastest rate of increase since June. Regular or base salaries contributed to this increase with a 1.4% yoy Read more…
In a speech overnight, BoC Deputy Governor Toni Gravelle said the decision to maintain policy interest rate at 5% this week was an effort to “balance the risks of over- and under-tightening.” BoC aims to Read more…
Key insights from the week that was. Q3 GDP for Australia surprised to the downside, printing 0.2% (2.1%yr). Relative to expectations, the key disappointment in the quarter was consumer spending, unchanged in Q3 after just Read more…