Sometimes, the truth is hard to say—and even harder to hear. The Federal Reserve (Fed) announced another 25bp cut as widely expected and priced in, but hinted that there will be just about two rate cuts throughout next year. The GDP forecasts for this year and the next were revised higher, the unemployment rate lower, […]
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Daily Pivots: (S1) 1.2513; (P) 1.2621; (R1) 1.2679; More… GBP/USD’s break of 1.2615 support suggest that recovery from 1.2486 has completed at 1.2810. Intraday bias is back on the downside for retesting 1.2486. Firm break Read more…
Daily Pivots: (S1) 153.78; (P) 154.32; (R1) 155.38; More… USD/JPY’s rally resumed after brief consolidations and intraday bias is back on the upside. Break of 156.74 resistance should extend the whole rise from 139.57 to Read more…
Daily Pivots: (S1) 0.8946; (P) 0.8983; (R1) 0.9049; More… USD/CHF’s rally resumed after brief consolidations and intraday bias is back on the upside. Current rise from 08374 should target 61.8% projection of 0.8374 to 0.8956 Read more…