Daily Pivots: (S1) 157.59; (P) 158.07; (R1) 158.45; More…. Intraday bias in EUR/JPY stays neutral for the moment. Outlook is also unchanged that correction from 159.75 should have completed at 154.32. Above 158.60 will resume Read more…
Daily Pivots: (S1) 0.8664; (P) 0.8676; (R1) 0.8692; More…. Intraday bias in EUR/GBP stays neutral for the moment. On the upside, decisive break of 0.8700/4 resistance will resume the rebound from 0.8491, and carry larger Read more…
Market movers today A quiet day on the data front, with only US Philadelphia manufacturing index and weekly jobless claims due for release. Fed chair Powell will discuss economic outlook at the Economic Club of Read more…
Daily Pivots: (S1) 1.6574; (P) 1.6609; (R1) 1.6663; More… EUR/AUD’s rally from 1.6319 resumed by taking out 1.6704 and intraday bias is back on the upside. Outlook is unchanged that correction from 1.7062 should have Read more…
Financial markets are once again immersed in a phase of risk aversion, a sentiment spurred by the notable ascent of benchmark treasury yields. US 10-year yield is confidently moving closer to the 5% mark. Even Read more…
DXY: The DXY (US Dollar Index) chart currently displays a bullish overall momentum, suggesting the potential scenario of a bullish continuation towards the 1st resistance level. The 1st support at 106.03 is considered significant as Read more…
Key Highlights Ethereum trimmed most gains and settled below $1,650. ETH price is struggling to climb above $1,600 and $1,635 on the 4-hour chart. Bitcoin price is reversing gains that occurred after fake news of Read more…
Australian businesses are displaying signs of renewed optimism, as revealed by NAB Quarterly Business Confidence index for Q3. The index improved, moving up from -4 in the second quarter to -1 in the third. Moreover, Read more…
Australia’s job market portrayed a mixed picture in September, with a significant undershoot in employment growth countered by a lower-than-expected unemployment rate. The country added a mere 6.7k jobs in the month, a far cry Read more…
Japan saw a welcomed increase in exports in September, breaking a two-month declining trend and outpacing forecasts. Exports rose by 4.3% yoy to JPY 9198B, surpassing the anticipated growth of 3.1% yoy. A closer examination Read more…