Daily Pivots: (S1) 1.3153; (P) 1.3189; (R1) 1.3219; More… GBP/USD’s break of 1.3119 minor support argues that corrective rebound from 1.2999 has completed at 1.3297 already. Failure to hit 55 day EMA keeps near term outlook bearish. Intraday bias is back on the downside for 1.2999 low first. Break will resume larger down trend from […]
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Yesterday offered a moment of relief for some investors amid the Trump euphoria sweeping through the markets. The nomination of Scott Bessent for Treasury Secretary resonated well across investment communities as the man – who Read more…
In focus today Tonight, FOMC will publish minutes from its November meeting. Markets remain divided over whether the Fed will continue cutting rates in December, so any clues about the most likely policy rate path Read more…
Daily Pivots: (S1) 1.0453; (P) 1.0492; (R1) 1.0534; More… Range trading continues in EUR/USD and intraday bias remains neutral. More consolidations could be seen above 1.0330 temporary low but further decline is expected as long Read more…