The Nasdaq recouped some losses in hope of a turnaround in the Fed’s tightening cycle. Bad news is good news these days. Signs of a slowdown in the world’s largest economy would cool expectations of Read more…
Brent crude bounces higher as demand remains strong despite economic worries. There is definitely some optimism in the air. Recession concerns have abated with traders hoping for a less aggressive stance from the Fed amid Read more…
The Australian dollar slips as the RBA may continue to reduce the pace of monetary normalisation. The recent bounce has more to do with a pullback in the US dollar rather than a shift in Read more…
The pound bounces as the new premiership instils a sense of stability. Former Chancellor Sunak becomes Britain’s Prime Minister as Sterling recovers from the budget disaster. The new finance-relevant leadership gives investors hopes of better Read more…
Daily Pivots: (S1) 0.6375; (P) 0.6427; (R1) 0.6466; More… Intraday bias in AUD/USD remains neutral for the moment. On the upside, decisive break of 0.6535 resistance, and sustained trading above 55 day EMA (now at Read more…
Daily Pivots: (S1) 1.3544; (P) 1.3590; (R1) 1.3653; More…. Intraday bias in USD/CAD remains neutral and further rise is still expected with 1.3501 support intact. On the upside, firm break of 1.3976 will target 200% Read more…
Daily Pivots: (S1) 0.9930; (P) 0.9964; (R1) 1.0001; More… Intraday bias in EUR/USD stays neutral for consolidation below 1.0092. Further rise is in favor as long as 0.9847 minor support holds. Break of 1.0092 will Read more…
Daily Pivots: (S1) 1.1538; (P) 1.1581; (R1) 1.1658; More… Intraday bias in GBP/USD stays neutral for consolidation below 1.1644. Further rise is expected as long as 1.1256 minor support holds. On the upside, break of Read more…
Daily Pivots: (S1) 0.9901; (P) 0.9941; (R1) 0.9998; More… USD/CHF is staying in consolidation from 1.0146 and intraday bias remains neutral. Further rally is still expected with 0.9779 support intact. On the upside, break of Read more…
Daily Pivots: (S1) 146.36; (P) 147.11; (R1) 148.23; More… Intraday bias in USD/JPY remains neutral as consolidation from 151.93 is extending. Another fall could be seen, but downside should be contained by 38.2% retracement of Read more…