The Euro struggled to clear the 1.0080 and 1.0100 resistance levels against the US Dollar. The EUR/USD pair reacted to the downside and declined below the 1.0040 support. There was close below the 1.0000 level Read more…
Eurozone Economic Sentiment Indicator fell from 93.6 to 92.5 in October. Industrial confidence dropped form -0.3 to -1.2. Services confidence dropped from 4.4 to 1.8. Consumer confidence improved from -28.8 to -27.6. Retail trade confidence Read more…
USDCAD has been in a steep uptrend since mid-September when the price managed to forcefully cross above the 1.3222 region. Although the pair recently spiked higher to a fresh 29-month high, it quickly lost some ground, Read more…
USD/JPY is in positive territory today. In the European session, the yen is trading at 146.94, up 0.47%. BoJ maintains policy All eyes were on the Bank of Japan, which wrapped up a crucial 2-day Read more…
Germany GDP grew 0.3% qoq in Q3, much better than expectation of -0.2% qoq contraction. The economy finally exceeded pre-pandemic level in Q4 2019 for the first time. Destatis said, “The German economy managed to Read more…
Daily Pivots: (S1) 168.53; (P) 169.39; (R1) 170.05; More… Intraday bias in GBP/JPY stays neutral for the moment, but further rally is expected with 164.95 support intact. On the upside, firm break of 170.57 will Read more…
Daily Pivots: (S1) 144.96; (P) 146.33; (R1) 147.10; More…. EUR/JPY’s consolidation from 148.38 is extending and intraday bias remains neutral. Deeper retreat could be seen but downside should be contained by 140.88/144.06 support zone to Read more…
Daily Pivots: (S1) 0.8586; (P) 0.8637; (R1) 0.8666; More… Intraday bias in EUR/GBP remains neutral for the moment. Further decline is expected as long as 0.8779 resistance holds. On the downside, break of 0.8577 will Read more…
Daily Pivots: (S1) 1.5350; (P) 1.5479; (R1) 1.5567; More… EUR/AUD breached 1.5412 support briefly but quickly recovered. Intraday bias remains neutral first. On the upside, break of 1.5704 will resume the rally from 1.4281 to Read more…
Daily Pivots: (S1) 0.9846; (P) 0.9900; (R1) 0.9928; More…. Intraday bias in EUR/CHF is turned neutral with current retreat and some more consolidations would be seen below 0.9953. But further rally is expected as long Read more…