Daily Pivots: (S1) 1.1028; (P) 1.1052; (R1) 1.1099; More…. Intraday bias in EUR/USD stays neutral at this point. Outlook stays bullish with 38.2% retracement of 1.0665 to 1.1200 at 1.0996 intact. Break of 1.1153 will suggest that larger rally is resuming through 1.1200 to 1.1274 key resistance. Nevertheless, sustained break of 1.0996 will indicate reversal […]
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China’s economic data for October showed a mixed performance, with retail sales surpassing expectations while industrial production and fixed asset investment slightly underperformed. Industrial production grew by 5.3% yoy, just shy of the expected 5.4% Read more…
Japan’s economy expanded by 0.2% qoq in Q3 2024, aligning with market expectations but indicating a slowdown from the previous quarter’s momentum. On an annualized basis, GDP grew by 0.9%, surpassing the anticipated 0.7%, yet Read more…
Key Highlights USD/JPY started another increase above the 154.65 resistance. A key bullish trend line is forming with support at 155.25 on the 4-hour chart. Gold extended losses and traded below the $2,600 support. Oil Read more…