EUR/USD hovers near recent lows ahead of Eurozone PMIs
EUR/USD shows moderate losses on Friday, trading a few pips above 1.1600 at the time of writing, on track for a 0.4% weekly decline.
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WTI Oil: Crude Rallies Above $60 on Fresh US Sanctions and US Million-Barrel Purchase
Finding support at 6-month lows of around $56.40 per barrel, WTI has rallied just shy of 8.6% in the last three sessions alone. Currently trading at $62.04, up 4.10% in yesterday’s session, recent performance marks the best three-day stint since late July. As ever, let’s take a look at some of the macro themes at […]
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Spain Unemployment Survey above expectations (10.2%) in 3Q: Actual (10.45%)
Spain Unemployment Survey above expectations (10.2%) in 3Q: Actual (10.45%) -
GBP/JPY Daily Outlook
Daily Pivots: (S1) 202.19; (P) 202.73; (R1) 203.53; More… Intraday bias in GBP/JPY remains on the upside for retesting 205.30. Firm break there will resume larger rally to 61.8% projection of 184.35 to 199.96 from 197.47 at 207.11. For now, risk will stay on the upside as long as 200.67 support holds, in case of […]
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Forex Today: PMI reports from major economies and US CPI data to lift volatility
Here is what you need to know on Friday, October 24: -
China’s push for tech self-reliance: Policy tailwinds vs valuation headwinds
Beijing doubles down on tech self-reliance: China’s latest plenum reaffirmed plans to build a stronger industrial base through AI, semiconductors, aerospace, and clean energy. -
EUR/JPY Daily Outlook
Daily Pivots: (S1) 176.58; (P) 177.01; (R1) 177.72; More… Intraday bias in EUR/JPY remains on the upside for retesting 177.91. Firm break there will resume larger up trend to 61.8% projection of 161.06 to 173.87 from 172.24 at 180.15 next. For now, risk will stay on the upside as long as 174.80 support holds, in […]
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EUR/GBP Daily Outlook
Daily Pivots: (S1) 0.8692; (P) 0.8707; (R1) 0.8732; More… Range trading continues in EUR/GBP and intraday bias stays neutral. On the downside, break of 0.8654 will resume the fall from 0.8750 to 0.8631 support. Decisive break there will indicate bearish reversal and target 38.2% retracement of 0.8221 to 0.8750 at 0.8548. Nevertheless, on the upside, […]
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EUR/AUD Daily Outlook
Daily Pivots: (S1) 1.7792; (P) 1.7848; (R1) 1.7897; More… EUR/AUD breached 1.7818 support but quickly recovered. Intraday bias stays neutral first. On the upside, above 1.7965 will turn bias back to the upside for retesting 1.8160 first. Firm break there will affirm the case that larger up trend is resuming, and target 1.8554 high next. […]
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NZD/USD hovers around 0.5750 as traders adopt caution ahead of US CPI data
NZD/USD moves little after registering gains in the previous session, trading around 0.5750 during the early European hours on Friday.
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