Key Highlights USD/JPY found support near 143.50 and corrected some losses. It cleared a key bearish trend line with resistance at 144.85 on the 4-hour chart. EUR/USD started a downside correction below the 1.1150 level. Gold remained stable near $2,500 and might aim for more upsides. USD/JPY Technical Analysis The US Dollar remained well-bid near […]
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Daily Pivots: (S1) 1.3918; (P) 1.3943; (R1) 1.3969; More… USD/CAD breached 1.3958 briefly but upside is capped below 1.3976 key resistance. Intraday bias stays neutral first. Further rise is is expected as long as 1.3822 Read more…
The financial markets are intently focused today on US inflation data. Expectations are that both the headline CPI and core CPI remained unchanged in October from the previous month’s readings of 2.4% and 3.3%, respectively. Read more…
Key Highlights Gold started a sharp downside correction below the $2,665 support. A connecting bearish trend line is forming with resistance at $2,670 on the 4-hour chart. Bitcoin traded to a new high at $89,998 Read more…