UK retail sales volumes fell sharply by -0.9% mom in September, much worse than expectation of -0.4% mom. Sale volumes excluding automotive fuel dropped -1.0% mom. Looking at some details, non-food stores sales volumes fell Read more…
‘Additional evidence of persistently above-trend growth, or that tightness in the labour market is no longer easing, could put further progress on inflation at risk and could warrant further tightening of the monetary policy’ said Read more…
Daily Pivots: (S1) 1.3686; (P) 1.3714; (R1) 1.3747; More…. Intraday bias in USD/CAD stays on the upside for retesting 1.3784 first. Break there will resume larger rise from 1.3091 to retest 1.3976 high. On the Read more…
Daily Pivots: (S1) 0.6298; (P) 0.6327; (R1) 0.6359; More… Range trading continues in AUD/USD and intraday bias stays neutral. Also, outlook remains bearish with 0.6444 resistance intact. On the downside, decisive break of 0.6284 will Read more…
Daily Pivots: (S1) 1.0535; (P) 1.0575; (R1) 1.0623; More… Intraday bias in EUR/USD remains neutral and outlook stays bearish with 1.0639 resistance intact. On the downside, firm break of 1.0447 will resume whole fall from Read more…
Daily Pivots: (S1) 1.2091; (P) 1.2142; (R1) 1.2193; More Consolidation from 1.2026 is still in progress and intraday bias in GBP/USD stays neutral. Also, outlook remains bearish with 1.2336 resistance intact. On the downside, decisive Read more…
Daily Pivots: (S1) 149.66; (P) 149.81; (R1) 149.96; More… No change in USD/JPY’s outlook as sideway trading continues. Intraday bias remains neutral at this point. On the downside, below 148.24 minor support will turn bias Read more…
Daily Pivots: (S1) 0.8882; (P) 0.8942; (R1) 0.8975; More…. USD/CHF’s fall from 0.9243 continued and finally took out 38.2% retracement of 0.8551 to 0.9243 at 0.8979 decisively. There is no sign of bottoming and intraday Read more…
Swiss Franc continues to dominate as this week’s top-performing currency, as the global financial markets are under influence of mounting geopolitical tensions. Reports suggest that Israel might be preparing for ground operations against Hamas. The Read more…
DXY: The DXY (US Dollar Index) chart currently displays an overall neutral momentum, suggesting a potential scenario for price to fluctuate between the 1st resistance and the 1st support levels. However, the Relative Strength Index Read more…