by OverviewFX | Aug 22, 2024 | Forex
Daily Pivots: (S1) 0.8487; (P) 0.8525; (R1) 0.8554; More….. Intraday bias in USD/CHF stays on the downside for the moment. Fall from 0.8747 is in progress for retesting 0.8431. Firm break there will resume whole decline from 0.9223 towards 0.8332 low. On the upside,...
by OverviewFX | Aug 22, 2024 | Forex
Daily Pivots: (S1) 144.19; (P) 145.55; (R1) 146.63; More… Intraday bias in USD/JPY is turned neutral with 4H MACD crossed above signal line. The corrective structure of the fall from 149.35 dampened the original bearish view that rebound from 141.67 has completed. On...
by OverviewFX | Aug 22, 2024 | Forex
In August, US PMI Manufacturing dropped to 48.0, the lowest in eight months, down from 49.6 in July. In contrast, PMI Services index showed a slight increase, rising from 55.0 to 55.2. PMI Composite index also declined, falling from 54.3 to 54.1, a four-month low....
by OverviewFX | Aug 22, 2024 | Forex
Sterling surged broadly today, driven by stronger-than-expected PMI data indicating that the UK economy is on track for reasonably solid growth in the third quarter. This positive economic outlook comes at a time when inflationary pressures are easing, which would...
by OverviewFX | Aug 22, 2024 | Forex
US initial jobless claims rose 4k to 232k in the week ending August 17, matched expectations. Four-week moving average of initial claims fell -750 to 236k. Continuing claims rose 4k to 1863k in the week ending August 10, highest since November 27, 2021. Four-week...
by OverviewFX | Aug 22, 2024 | Forex
In a Bloomberg TV interview recorded on Wednesday and aired Thursday, Kansas City Fed Bank President Jeff Schmid emphasized the importance of waiting for additional economic data before making any decisions on rate cuts. “It makes sense for me to really look at some...
