Gold has hit all-time highs on each of the last six trading days. Thursday’s touch of $2685 followed the strongest selling momentum since 18th September, when initial profit-taking expanded following the release of strong GDP growth estimates. Short-term intraday profit-taking is both fuel for further gains and a sign of uncertainty at this stage of […]
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Daily Pivots: (S1) 157.07; (P) 160.28; (R1) 161.99; More…. Intraday bias in EUR/JPY stays on the downside for the moment. Current development suggest that corrective pattern from 154.40 might have completed with three waves to Read more…
Asian financial markets are displaying significant divergence today. Japan’s Nikkei index has plummeted over -4%, reacting sharply to the ruling Liberal Democratic Party’s election results from last Friday. Shigeru Ishiba, the newly elected LDP leader Read more…
China’s economic data for September painted a mixed picture, with manufacturing remaining in contraction and services sector losing steam. Official NBS Manufacturing PMI edged up slightly from 49.1 in August to 49.7, above expectations of Read more…