Daily Pivots: (S1) 1.2094; (P) 1.2202; (R1) 1.2364; More… Intraday bias in GBP/USD is turned neutral first with current retreat. But further rally is expected for now. Break of 1.2309 will resume the rise from 1.0351 to 1.2759 medium term fibonacci level. On the downside, however, break of 1.1898 support will indicate short term topping. […]
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I view the probabilities of downside and upside risks to inflation as broadly balanced. But at this point I am more worried about the possible consequences if the upside materialised, as this could require a Read more…
EUR/USD encountered significant pressure, testing a low of 1.0331 before rebounding to 1.0476, as market concerns mount over the potential economic slowdown in Europe and aggressive rate cuts by the European Central Bank (ECB). Recent Read more…
Gold switches to loses before reaching all-time high A consolidation phase likely in the short-term Gold felt Monday’s blues, retreating immediately toward its 20-day simple moving average (SMA) at 2,670 after five consecutive winning days. Read more…