by OverviewFX | Aug 23, 2024 | Forex
Daily Pivots: (S1) 1.1085; (P) 1.1125; (R1) 1.1152; More…. EUR/USD is staying in consolidation below 1.1173 and intraday bias remains neutral for the moment. Further rally is expected as long as 1.1046 resistance turned support holds. Above 1.1173 will target 161.8%...
by OverviewFX | Aug 23, 2024 | Forex
Daily Pivots: (S1) 1.3069; (P) 1.3100; (R1) 1.3122; More… Intraday bias in GBP/USD is turned neutral first with 4H MACD crossed below signal line. On the upside, decisive break of 61.8% projection of 1.2298 to 1.3043 from 1.2664 at 1.3124 and 1.3141 resistance will...
by OverviewFX | Aug 23, 2024 | Forex
Daily Pivots: (S1) 0.8496; (P) 0.8515; (R1) 0.8541; More….. Intraday bias in USD/CHF Is turned neutral first with current recovery. While stronger rise cannot be ruled out, risk will stay on the downside as long as 0.8747 resistance holds. Below 0.8488 will target...
by OverviewFX | Aug 23, 2024 | Forex
Markets At a hearing before Parliament this morning, BoJ governor Ueda had a balanced but after all clear message. The BoJ has started policy normalization and intends to further walk that path if inflation and growth continue to develop in line with the banks’...
by OverviewFX | Aug 23, 2024 | Forex
Focus to stay on the Fed as PCE inflation to be week’s main highlight Eurozone inflation data to be crucial for ECB rate cut hopes Australian and Tokyo CPI, plus Canadian GDP also on the agenda Will PCE inflation disappoint dovish expectations? The Fed’s...
by OverviewFX | Aug 23, 2024 | Forex
Canada’s GDP report next week is expected to show further weakening in the Canadian economy. We expect a 1.4% (annualized rate) increase in GDP in Q2 – below Statistics Canada’s 2% preliminary estimate a month ago, and marking the 7th of the last 8 quarters of...
