Daily Pivots: (S1) 1.3567; (P) 1.3584; (R1) 1.3602; More… Intraday bias in USD/CAD remains neutral at this point, and another fall remains in favor. On the downside, below 1.3545 minor support will turn bias to the downside for retesting 1.3439 low. Nevertheless, sustained break of 1.3617 will turn bias back to the upside for stronger […]
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China’s economic data for October showed a mixed performance, with retail sales surpassing expectations while industrial production and fixed asset investment slightly underperformed. Industrial production grew by 5.3% yoy, just shy of the expected 5.4% Read more…
Japan’s economy expanded by 0.2% qoq in Q3 2024, aligning with market expectations but indicating a slowdown from the previous quarter’s momentum. On an annualized basis, GDP grew by 0.9%, surpassing the anticipated 0.7%, yet Read more…
Key Highlights USD/JPY started another increase above the 154.65 resistance. A key bullish trend line is forming with support at 155.25 on the 4-hour chart. Gold extended losses and traded below the $2,600 support. Oil Read more…