U.S. equity futures nudged modestly lower Wednesday, following on from the longest winning streak for major stock benchmarks in more than two years, as markets continue to track moves in Treasury bond yields ahead of Read more…
Eurozone retail sales volume fell -0.3% mom in September, worst than expectation of -0.2% mom. Volume of retail trade decreased by -1.9% for non-food products and by -0.9% for automotive fuels, while it increased by Read more…
NZDUSD attempts to rebound from its 2023 lows Gets rejected at 0.6000 but 50-day SMA provides support Momentum indicators remain cautiously tilted to the upside NZDUSD has been in a steady downtrend throughout 2023, posting a fresh Read more…
USDJPY enters 150 territory again, above SMAs Technical signals mixed; 2023 uptrend well intact USDJPY is looking to resume its bullish trend ahead of Powell’s speech, having softly pivoted near the 149.30 level at the Read more…
As the chart shows, the price of WTI oil has dropped below USD 77.50 – the last time prices were this high was in mid-July. The decline in oil prices was contributed to by: first, Read more…
ECB Governing Council member Martins Kazaks has expressed a steadfast stance on interest rates, emphasizing the need for absolute certainty that inflation is under control before considering any reductions. Kazaks highlighted, “This decision right now Read more…
Daily Pivots: (S1) 184.63; (P) 185.05; (R1) 185.44; More… A temporary top is in place at 185.94 and intraday bias in GBP/JPY is turned neutral first. Further rally is expected as long as 182.71 support Read more…
Daily Pivots: (S1) 160.58; (P) 160.81; (R1) 161.18; More…. Despite some loss of upside momentum as seen in 4H MACD, intraday bias in EUR/JPY remains on the upside with 160.17 minor support intact. Current rally Read more…
Daily Pivots: (S1) 0.8683; (P) 0.8694; (R1) 0.8709; More…. Intraday bias in EUR/GBP remains neutral at this point. Pull back from 0.8752 could still extend lower, but downside should be contained by 0.8614 support to Read more…
Daily Pivots: (S1) 1.6512; (P) 1.6589; (R1) 1.6700; More… Intraday bias in EUR/AUD remains neutral at this point. On the downside, break of 1.6449 will target 1.6319 support first. Firm break there will resume the Read more…