Daily Pivots: (S1) 193.21; (P) 195.83; (R1) 197.37; More… Intraday bias in GBP/JPY stays on the downside despite today’s weak recovery. Prior break of 55 D EMA (now at 195.23) argues that corrective rise from Read more…
Yen weakened broadly during the Asian session today, as traders expressed disappointment with BoJ Governor Kazuo Ueda’s remarks. Ueda repeated familiar stances on monetary policy but refrained from offering any signals regarding a December rate Read more…
Key Highlights EUR/USD extended losses and tested the 1.0500 support. A key bearish trend line is forming with resistance at 1.0585 on the 4-hour chart. GBP/USD also extended losses and traded below the 1.2720 support. Read more…
BoJ Governor Kazuo Ueda reiterated in a speech today that the central bank remains committed to its gradual policy tightening path, conditional on the realization of its economic and price outlook. However, the timing of Read more…
New Zealand’s BusinessNZ Performance of Services Index rose slightly from 45.7 to 46.0 in October. Despite the marginal improvement, the index stayed well below the 50 threshold, indicating ongoing contraction in the sector for a Read more…
Latest Political News President-elect Donald Trump has begun shaping his administration, starting with a White House meeting with outgoing President Joe Biden, symbolising the peaceful transfer of power. His cabinet picks have sparked debate, including Read more…
Next week, more countries will release their estimates for October consumer inflation. Canada will do so on Tuesday. The pace of price increases here is below the 2% target, allowing the Bank of Canada to Read more…
Gold has been under consistent selling pressure since the end of October, as investors take profits following a prolonged rally. This week alone, gold prices have fallen nearly 5%, marking the steepest weekly decline in Read more…
No matter their age, most American workers spend some time contemplating the financial pressures associated with the reality that retirement planning is necessary. Personal finance bestselling author Dave Ramsey offers some advice on the subject Read more…
Water, water everywhere, maybe even on the moon. While no one actually believes that the moon is made of green cheese — although in this day and age, you never know — Earth’s satellite could be a source of Read more…