Daily Pivots: (S1) 0.6758; (P) 0.6803; (R1) 0.6835; More… Intraday bias in AUD/USD remains on the downside as fall from 0.7135 is in progress. As noted before, corrective rebound from 0.6680 could have completed with Read more…
Daily Pivots: (S1) 0.9886; (P) 0.9972; (R1) 1.0033; More… Intraday bias in EUR/USD remains neutral and further decline is expected with 1.0094 resistance intact. On the downside, break of 0.9899 will resume larger down trend Read more…
Daily Pivots: (S1) 1.1488; (P) 1.1558; (R1) 1.1616; More… Intraday bias in GBP/USD stays on the downside at this point. Current fall should target 1.1409 long term support. Firm break there will pave the way Read more…
Daily Pivots: (S1) 0.9754; (P) 0.9807; (R1) 0.9870; More… USD/CHF’s rise form 0.9369 is still in progress and intraday bias remains on the upside. Current rally should target 0.9884 resistance first. Break there will argue Read more…
US equities had another hectic trading session on Thursday. America took over a bearish market from the Europeans, and news that China locks down 21 million people in Chengdu further stressed investors and sent the Read more…
Market movers today Market focus will be on the US labour market report today. Consensus is looking for easing jobs growth (NFP +290k) in line with lower PMI employment indices and the ADP report released Read more…
Daily Pivots: (S1) 139.24; (P) 139.74; (R1) 140.70; More… USD/JPY’s firm break of 139.37 resistance confirms up trend resumption. Intraday bias stays on the upside for 100% projection of 126.35 to 139.37 from 130.38 at Read more…
With risk-off sentiment and rising treasury yields, Dollar is extending recent rally as focus now turns to US non-farm payrolls report. 2-yaer year hit the highest level since 2007 overnight while 10-year yield also breaks Read more…
The US non-farm payroll day is today. Markets are expecting 290k job growth in August, slowed from July’s 528k. Unemployment rate is forecast to be unchanged at 3.5%. Average hourly earnings growth are expected to Read more…
The British Chambers of Commerce said in a release that the UK economy is expected to “plunge into recession” before the end of 2022, with inflation “spiking to 14%”. Also, “lingering weakness in growth expected Read more…