Daily Pivots: (S1) 1.6185; (P) 1.6232; (R1) 1.6264; More… Intraday bias in EUR/AUD remains mildly on the downside for the moment. Rebound from 1.6002 could have completed at 1.6351. Deeper fall would be seen back to retest 1.6002 low. On the upside, though, above 1.6351 will resume the rebound from 1.6002 to 38.2% of 1.7180 […]
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On 26 September, when analysing the XNG/USD natural gas price chart, we noted that: → Bulls might be “gathering strength” for a potential attempt to break the psychological level of 3.00. → If successful, this Read more…
Germany’s ZEW Economic Sentiment index surged significantly to from 3.6 to 13.1 in October, surpassing market expectations of 10.2. However, Current Situation Index dropped further into negative territory, falling from -84.5 to -86.9, slightly worse Read more…
Eurozone industrial production increased by 1.8% mom in August, meeting market expectations. This growth was supported primarily by a significant 3.7% rise in capital goods production. Durable consumer goods also saw a notable rise of Read more…