by OverviewFX | Aug 21, 2024 | Forex
Daily Pivots: (S1) 1.2989; (P) 1.3020; (R1) 1.3067; More… Intraday bias in GBP/USD remains on the upside with focus on 1.3043 resistance. Decisive break there will resume whole rally from 1.2998 to 61.8% projection of 1.2298 to 1.3043 from 1.2664 at 1.3124, which is...
by OverviewFX | Aug 21, 2024 | Forex
Daily Pivots: (S1) 0.8507; (P) 0.8572; (R1) 0.8605; More….. USD/CHF’s fall from 0.8747 is still in progress and intraday bias remains on the downside for retesting 0.8431. Firm break there will resume whole decline from 0.9223 towards 0.8332. On the upside, above...
by OverviewFX | Aug 21, 2024 | Forex
Markets The ‘waiting game’ continued today in Europe and at the onset of the US trading session, counting down in the first place to today’s BLS payrolls revisions and to the Minutes of the Fed July 31 policy meeting later today. Even the $16 bn sale of 20-y US...
by OverviewFX | Aug 21, 2024 | Forex
Since the end of last week, the Yen has regained ground against the Dollar and the Euro in what looks like a new round of appreciation. So far, this seems to be an independent theme for the Yen’s rise, without any deterioration in sentiment in the equity and bond...
by OverviewFX | Aug 21, 2024 | Forex
According to a report from the US Bureau of Labor Statistics, the economy created -818k fewer jobs than initially reported in the 12-month period through March 2024. This significant revision means that actual job growth was nearly -30% less than the originally...
by OverviewFX | Aug 21, 2024 | Forex
Part III: A New Toolkit To Predict Soft-Landings, Stagflation and Recessions Summary In the third installment of this series, we introduce a probit framework to generate four-quarter-out probabilities of three scenarios: recession, stagflation and soft-landing....
