Daily Pivots: (S1) 194.35; (P) 195.37; (R1) 197.16; More… GBP/JPY’s strong rebound an break of 196.13 minor resistance suggests that pull back from 199.79 has already completed. The development also revive near term bullishness. Intraday Read more…
Yen fell broadly during Asian session today, reversing all of this week’s earlier gains. Market sentiment has calmed somewhat despite the escalation in Russia’s war in Ukraine, as there is no clear intensification toward a Read more…
Key Highlights Bitcoin price started a consolidation phase near the $90,000 zone. BTC is following a key bullish trend line with support at $90,300 on the 4-hour chart. Gold prices started a recovery wave above Read more…
Australia’s Westpac Leading Index moved decisively into positive territory in October, rising from -0.20% in September to +0.26%. This marks a significant shift, as the index had been hovering in slight negative territory, between -0.3% Read more…
Japan’s exports rose 3.1% yoy in October, reaching JPY 9,427B, a strong recovery from the -1.7% yoy decline in September, which marked a 43-month low. This rebound was primarily driven by a 1.5% yoy increase Read more…
Kansas City Fed President Jeffrey Schmid highlighted in a speech overnight the decision to lower rates this year as a reflection of the “growing confidence” in inflation’s moderation. This optimism, he explained, stems from signs Read more…
S&P 500 index reversed from support zone Likely to rise to resistance level 6000.00 S&P 500 index recently reversed up from the pivotal support level 5850.00 (former multi-day resistance from October). The support level 5850.00 Read more…
EURCAD reversed from resistance level 1.4885 Likely to fall to support level 1.4750 EURCAD currency pair recently reversed down from the resistance level 1.4885 (which is the lower border of the wide sideways price range Read more…
The British pound is steady on Tuesday. In the North American session, GBP is trading at 1.2678 at the time of writing, unchanged on the day. On Monday, the pound ended a six-day slide, during Read more…
Lowe’s (LOW) , along with other retailers in the home improvement sector, is continuing to suffer from an alarming trend that’s putting a dent in its profits. The company is relying on three factors to Read more…