Markets US economic data yesterday all but cemented next week’s Fed rate cut expectations. The ADP job report unexpectedly showed a 32k job loss – the second worst reading since June 2020 – and wage Read more…
Daily Pivots: (S1) 1.1635; (P) 1.1657; (R1) 1.1692; More…. Intraday bias in EUR/USD remains on the upside for the moment. Fall from 1.1917 should have completed at 1.1467. Further rise should be seen to 1.1727 Read more…
Daily Pivots: (S1) 154.85; (P) 155.39; (R1) 155.77; More… Intraday bias in USD/JPY remains neutral and outlook is unchanged. With near term rising channel floor intact, further rally is expected. Above 156.57 minor resistance will Read more…
Daily Pivots: (S1) 1.3250; (P) 1.3303; (R1) 1.3405; More… Intraday in GBP/USD stays on the upside for 1.3470 resistance. Fall from 1.3787 could have completed as a correction at 1.3008. Firm break of 1.3470 will Read more…
Daily Pivots: (S1) 0.7978; (P) 0.8010; (R1) 0.8028; More… Intraday bias in USD/CHF remains neutral at this point. Outlook is unchanged that price actions from 0.7828 low is seen as a corrective pattern. On the Read more…
NZD/USD extended its rebound from 0.5580 this week as the pair capitalized on a softer US Dollar, driven by the sharp deterioration in ADP employment data. The weak labor reading reinforced expectations of a December Read more…
BoJ Governor Kazuo Ueda told lawmakers today that Japan’s neutral interest rate remains highly uncertain, describing it as a concept that can only be estimated within a “quite wide range.” He noted that the central Read more…
The rally in Silver from the 28 October low continues to unfold as a five‑wave impulse Elliott Wave sequence, though the structure remains incomplete. From that low, wave 1 advanced to 54.39, followed by a Read more…
Key Highlights GBP/USD started a strong increase above the 1.3250 resistance. A bullish trend line is forming with support at 1.3235 on the 4-hour chart. Bitcoin recovered some losses and climbed above $92,000. Crude Oil Read more…
Bitcoin (BTC/USD) has successfully rebounded, passing the important $93,000 price point that many market participants have been watching. This comeback is seen as a necessary relief rally, pushing Bitcoin’s price up to $93,007.12, which marks Read more…