Daily Pivots: (S1) 1.6387; (P) 1.6471; (R1) 1.6531; More… Intraday bias in EUR/AUD is back on the downside with break of 1.6421 temporary low. Sustained break of 138.2% projection of 1.8554 to 1.7245 from 1.8160 at 1.6351 will extend larger down trend to 161.8% projection at 1.6042 next. However, considering bullish convergence condition in 4H […]
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AUD/USD loses ground as RBA meets rate hike expectations. Short-term risk is tilted to the downside. A close below 20-SMA could extend decline. AUD/USD retreated to 0.7134, extending Monday’s losses after the Reserve Bank of Read more…
USD/JPY held near 157.22 on Tuesday following a volatile start to the week. Pressure on the Japanese yen has increased as demand for the US dollar has returned, with investors once again favouring the greenback Read more…
Luxury retail giant Saks Global is moving closer to a bankruptcy exit, but its restructuring is still resulting in additional job cuts. Saks Global, the parent company of Saks Fifth Avenue, Neiman Marcus, Bergdorf Goodman, Read more…