Daily Pivots: (S1) 1.3613; (P) 1.3657; (R1) 1.3735; More…. USD/CAD’s break of 1.3675 minor resistance suggests that pull back from 1.3784 has completed at 1.3568 already. Intraday bias is back on the upside for retesting Read more…
Daily Pivots: (S1) 0.6270; (P) 0.6351; (R1) 0.6394; More… AUD/USD is still bounded in range above 0.6824 despite current decline. Intraday bias remains neutral first. Near term outlook remains bearish with 0.6500 resistance intact. Break Read more…
Daily Pivots: (S1) 149.24; (P) 149.53; (R1) 150.11; More… USD/JPY is still bounded in range below 150.15 despite current recovery, and intraday bias remains neutral. On the upside, firm break of 150.15 will resume larger Read more…
Daily Pivots: (S1) 0.9019; (P) 0.9053; (R1) 0.9120; More…. Immediate focus is now on 0.9081 resistance with current recovery. Break will suggest that USD/CHF’s pull back from 0.9243 has completed at 0.8985, after drawing support Read more…
Daily Pivots: (S1) 1.2121; (P) 1.2226; (R1) 1.2281; More GBP/USD’s break of 1.2210 minor support suggests that recovery from 1.2036 has completed at 1.2336, after hitting falling channel resistance. Intraday bias is back on the Read more…
Daily Pivots: (S1) 1.0489; (P) 1.0565; (R1) 1.0603; More… Immediate focus is back on 1.0518 minor support in EUR/USD with current fall. Firm break there will confirm that corrective recovery from 1.0447 has completed at Read more…
Dollar staged a notable comeback overnight, accompanied by a sharp ascent in treasury yields and a downtick in stocks. This resurgence was catalyzed by the release of US CPI data that stoked concerns of another Read more…
China’s trade figures for September revealed a continued, albeit moderating, decline in exports, marking the fifth consecutive month of contraction. Exports dropped by -6.2% yoy to USD 229.1B, an improvement from the -8.8% yoy decline Read more…
Key insights from the week that was. In Australia, Westpac-MI Consumer Sentiment remains in deeply pessimistic territory, with consistently weaker results only seen in the deep recession of the 1990s. This is despite a prolonged Read more…
DXY: The DXY chart currently exhibits a bearish overall momentum, suggesting the potential for a bearish continuation towards the 1st support level. The 1st support at 106.03 is identified as a pullback support, signifying its Read more…