Daily Pivots: (S1) 1.3109; (P) 1.3133; (R1) 1.3152; More… Intraday bias in GBP/USD remains neutral for the moment and consolidation from 1.3265 might still extend. On the downside, break of 1.3000 will bring deeper correction to 55 D EMA (now at 1.2968) and possibly below. On the upside, firm break of 1.3265 resistance will resume […]
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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…