China has announced a range of stimulus measures recently. This pivot has been needed partly because of longstanding fragilities. It is hard to see a lasting upside for Australian iron ore exports from the moves. In recent weeks, Chinese authorities have announced a range of stimulus measures, along with some vaguer statements of intent to […]
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Daily Pivots: (S1) 1.2982; (P) 1.3003; (R1) 1.3031; More… Intraday bias in GBP/USD is turned neutral with current recovery. On the downside, sustained trading below 1.3000 cluster support (38.2% retracement of 1.2298 to 1.3433 at Read more…
Daily Pivots: (S1) 0.8637; (P) 0.8653; (R1) 0.8677; More… Intraday bias in USD/CHF stays on the upside as rise from 0.8374 is in progress. Sustained break of 38.2% retracement of 0.9223 to 0.8374 at 0.8698 Read more…
Daily Pivots: (S1) 0.6666; (P) 0.6689; (R1) 0.6718; More… Intraday bias in AUD/USD remains neutral for consolidation above 0.6657 temporary low. Further decline is expected as long as 0.6758 resistance holds. Below 0.6657 will resume Read more…