Daily Pivots: (S1) 1.3247; (P) 1.3399; (R1) 1.3524; More… Intraday bias in GBP/USD is turned neutral for consolidation above 1.3272 temporary low. But further fall is still expected with 1.3485 support turned resistance intact. Current development suggest larger decline from 1.4240 is still in progress. Firm break of 1.3158 will target 61.8% projection of 1.4248 […]
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Daily Pivots: (S1) 0.8106; (P) 0.8149; (R1) 0.8233; More… USD/CHF’s break of 0.8196 minor resistance suggests short term bottoming at 0.8038, on bullish convergence condition in 4H MACD. Intraday bias is back on the upside Read more…
US stock staged a strong rebound overnight, erasing all of Monday’s steep losses as risk sentiment recovered on signs of potential de-escalation in US-China trade conflicts. The sharp reversal in equities was driven by multiple Read more…
Japan’s flash PMI data for April signaled a return to growth in the private sector, with Composite PMI rising from 48.9 to 51.1. The recovery was driven primarily by a rebound in the services sector, Read more…