Daily Pivots: (S1) 1.1655; (P) 1.1700; (R1) 1.1750; More… With 1.1899 resistance intact, further decline is expected in GBP/USD. Current down trend should target 1.1409 long term support. On the upside, above 1.1899 minor resistance Read more…
Daily Pivots: (S1) 0.9655; (P) 0.9682; (R1) 0.9709; More… Intraday bias in USD/CHF stays on the upside at this point. As noted before, outlook is unchanged that triangle correction from 1.0063 could have completed at Read more…
Daily Pivots: (S1) 136.67; (P) 137.12; (R1) 137.96; More… Intraday bias in USD/JPY is turned neutral first as it’s losing upside momentum, as seen in 4 hour MACD. Strong resistance could be seen from 139.37 Read more…
Daily Pivots: (S1) 0.9629; (P) 0.9664; (R1) 0.9714; More…. Break of 0.9698 resistance confirms short term bottoming in EUR/CHF at 0.9550, on bullish convergence condition in 4 hour MACD. Intraday bias is now on the Read more…
The slope of an inverted yield curve is negative. Canva What Is an Inverted Yield Curve? An inverted yield curve occurs when short-term interest rates of a security trend higher than long-term interest rates of Read more…
Euro is trying to extend recent rally, but the gains also so far concentrated against Sterling and Swiss Franc. Persistent flow of hawkish comments from ECB official is support the common currency nevertheless. Australian Dollar Read more…
Daily Pivots: (S1) 0.8503; (P) 0.8526; (R1) 0.8566; More… EUR/GBP’s rise from 0.8338 continues today and the break of near term channel resistance is a sign of upside acceleration. Intraday bias stays on the upside Read more…
ECB Governing Council member Klaas Knot said, “a swift normalization of interest rates is an essential first phase, and some front-loading should not be excluded. The broadening and deepening of our inflation problem generates the Read more…
“Twitter intends to enforce the agreement and close the transaction on the price and terms agreed upon with the Musk Parties,” the social media group reiterated Tuesday. Twitter (TWTR) – Get Twitter Inc. Report shares moved Read more…
The fall in the single European currency has paused after briefly touching the 0.99 level earlier this month. As in July, the momentum of the EURUSD decline has sparked a resurgence of verbal interventions. Judging Read more…