Daily Pivots: (S1) 1.7577; (P) 1.7617; (R1) 1.7652; More… EUR/AUD’s rebound from 1.7245 continues today and intraday bias stays on the upside. . Firm break of 38.2% retracement of 1.8554 to 1.7245 at 1.7745 will solidify the case that fall from 1.8554 has completed as a correction. Next target is 61.8% retracement at 1.8054. On […]
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Real wages in Japan fell by -1.8% yoy in April, marking the fourth consecutive month of decline as persistent inflation continued to erode household purchasing power. While nominal wages rose 2.3% yoy, slightly below the Read more…
Fed’s Beige Book report paints a picture of slowing US economy marked by pervasive caution and subdued sentiment. Economic activity was reported to have “declined slightly” overall, with half of the twelve Districts seeing slight Read more…
Key Highlights GBP/USD started a fresh increase above the 1.3500 resistance zone. A connecting bullish trend line is forming with support at 1.3530 on the 4-hour chart. EUR/USD is now gaining pace and might clear Read more…