Daily Pivots: (S1) 1.3313; (P) 1.3350; (R1) 1.3394; More… Intraday bias in GBP/USD remains neutral for the moment. Fall from 1.3725 could extend lower, and break of 1.3247 will target 1.3140 cluster (38.2% retracement of Read more…
Daily Pivots: (S1) 0.7948; (P) 0.7961; (R1) 0.7973; More… No change in USD/CHF’s outlook and intraday bias stays neutral. With 0.7984 resistance intact, further decline is in favor. On the downside, below 0.7913 minor support Read more…
Daily Pivots: (S1) 151.62; (P) 151.84; (R1) 152.18; More… Intraday bias in USD/JPY remains on the upside for retesting 153.26 resistance. Break there will resume larger rally from 139.87 to 100% projection of 142.66 to Read more…
Risk sentiment turned slightly softer again, as Asian equities pulled back following Wall Street’s modest decline overnight. Investors took a more cautious stance after recent rallies, with profit-taking emerging ahead of key global data and Read more…
In focus today In the euro area, we monitor the October consumer confidence indicator. Confidence has remained low over the past half year likely due to geopolitical tensions and rising food prices. The weak confidence Read more…
Trade worries resurfaced yesterday — yes, resurfaced instead of easing — after reports that the Trump administration is considering new restrictions on software exports to China. Are we surprised? Not really. These on-and-off headlines have Read more…
Oil prices rebounded sharply today, with WTI crude rising back above the 60 mark, as geopolitical tensions re-entered focus after the Trump administration imposed new sanctions on Russia’s two largest oil producers, Rosneft and Lukoil. Read more…
Key Highlights Gold extended its rally and traded to a new record high above $4,380 before correcting lower. It traded below a key bullish trend line with support at $4,120 on the 4-hour chart. WTI Read more…
GBPCAD: ⬇️ Sell GBPCAD reversed from resistance area Likely to fall to support level 1.8600 GBPCAD currency pair recently reversed down from the resistance area located between the resistance levels 1.8835 and 1.8900 (which has Read more…
Silver stabilized after finding temporary footsteps at important Fibo support at $47.60 (38.2% retracement of $36.20/$54.64 rally). Fresh bears take a breather after massive loss on Tuesday, when the metal’s price fell 7%, in the Read more…