Daily Pivots: (S1) 1.0338; (P) 1.0388; (R1) 1.0445; More… EUR/USD dips lower as consolidation from 1.0481 continues and intraday bias stays neutral. Downside of retreat should be contained by 1.0092 resistance turned support to bring another rally. Break of 1.0481 will resume the rise from 0.9534 and target 1.0609 fibonacci level. In the bigger picture, […]
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Key Highlights USD/JPY started a downside correction below 158.80. It traded below a bullish trend line with support at 158.85 on the 4-hour chart. EUR/USD started a recovery wave and traded above 1.1550. Gold prices Read more…
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New Zealand’s trade balance reported a deficit of NZD -257m in February as imports surged far ahead of modest export gains. Goods exports edged up just 0.4% yoy to NZD 6.6B, while imports jumped 12% Read more…