The Australian dollar struggles as August’s unemployment rate shows an uptick. The bounce hit resistance at 0.6910 over the 30-day moving average. A steep drop is a sign of liquidation and a lack of commitment Read more…
The US dollar recovers supported by rising Treasury yields. A previous failure to clear the July peak at 0.9870 has put a halt to the dollar’s rally, possibly triggering a consolidation phase. The latest correction Read more…
Market picture Bitcoin has lost 1.6% over the last 24 hours to $19,777 amid renewed pressure on risk-sensitive assets. BTC remains just under the critical $20K round level, where it got support for the past Read more…
Daily Pivots: (S1) 0.9963; (P) 0.9991; (R1) 1.0025; More… Intraday bias in EUR/USD stays mildly on the downside for retesting 0.9863 low. Firm break there will resume larger down trend. On the upside, break of Read more…
Daily Pivots: (S1) 1.1434; (P) 1.1495; (R1) 1.1529; More… Intraday bias in GBP/USD remains neutral first, with near term outlook staying bearish. On the downside, decisive break of 1.1404/9 will resume larger down trend. Next Read more…
Daily Pivots: (S1) 0.9568; (P) 0.9605; (R1) 0.9654; More Intraday bias in USD/CHF remains neutral at this point. On the upside, firm break of 4 hour 55 EMA (now at 0.9644) will target 0.9868 resistance Read more…
Daily Pivots: (S1) 142.94; (P) 143.37; (R1) 143.94; More… Intraday bias in USD/JPY remains neutral and outlook stays bullish. On the upside, break of 144.98 will resume larger up trend to 147.68 long term resistance. Read more…
Daily Pivots: (S1) 0.6674; (P) 0.6722; (R1) 0.6748; More… Intraday bias in AUD/USD remains neutral for the moment, and outlook stays bearish with prior rejection by 55 day EMA. Decisive break of 0.6680 will resume Read more…
UK retail sales volume dropped -1.6% mom, -5.4% yoy in August, worst than expectation of -0.6% mom, -4.2% yoy. Ex-fuel sales volume dropped -1.6% mom, -5.0% yoy, versus expectation of -0.7% mom, -3.4% yoy. Retail Read more…
Overall, Dollar remains the strongest one for the week, followed by Swiss Franc and then Yen. Risk aversion support these currencies, on the expectation of another jumbo rate hike by Fed next week. Commodity currencies Read more…