Key Highlights USD/JPY rallied above 149.20 before the bears appeared. It traded below a major bullish trend line with support at 149.35 on the 4-hour chart. EUR/USD extended losses and traded below the 1.0950 support. GBP/USD is at risk of more downsides below the 1.3000 support. USD/JPY Technical Analysis The US Dollar gained pace above […]
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Daily Pivots: (S1) 0.8542; (P) 0.8578; (R1) 0.8597; More… Intraday bias in USD/CHF is turned neutral first with current retreat. On the upside, above 0.8611 will resume the rebound from 0.8374 to 38.2% retracement of Read more…
Risk sentiment appears to have stabilized heading into the weekend, despite stronger-than-expected US inflation data released overnight. The report didn’t cause any significant shifts in market expectations regarding Fed’s rate cuts. Stock markets also showed Read more…
New Zealand’s BusinessNZ Performance of Manufacturing Index rose slightly from 46.1 to 46.9 in September, marking the third consecutive month of improvement. Despite this, the sector remains in contraction for the 19th straight month, with Read more…