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Daily Pivots: (S1) 1.2240; (P) 1.2306; (R1) 1.2375; More… There is no clear sign of bottoming yet in GBP/USD and intraday bias remains on the downside. Sustained trading below 1.2256 fibonacci level will carry larger bearish implications. On the upside, break of 1.2376 will turn intraday bias...
Dollar holds onto its leadership position as markets await the US non-farm payroll report. Investors expect the data to reinforce Fed’s decision to pause rate cuts this month, particularly if the report confirms continued labor market strength. In such a scenario, rising US Treasury yields could...
Dollar holds onto its leadership position as markets await the US non-farm payroll report. Investors expect the data to reinforce Fed’s decision to pause rate cuts this month, particularly if the report confirms continued labor market strength. In such a scenario, rising US Treasury yields could...
Eurostoxx -0.1%
Germany DAX flat
France CAC 40 flat
UK FTSE -0.2%
Spain IBEX -0.6%
Italy FTSE MIB flat
Meanwhile, US futures are keeping more cautious with S&P 500 futures seen down 0.3% currently. That is setting up for a more tentative and slightly cautious mood overall as the focus turns to...
Fundamental Overview
Gold made a new weekly high yesterday as the price broke above a key level. We have the US NFP and CPI reports ahead and they are going to move the market a lot so the recent breakout could turn into a fakeout pretty easily.
The market’s pricing didn’t change much as...
In an encouraging shift in sentiment, Sweden has witnessed a marked improvement in household confidence for November 2024, according to the latest data update on January 10, 2025. The current indicator surged to 1.60% in November as compared to -0.60% in October, presenting a notable difference...
In a slight yet significant shift, Turkey's unemployment rate saw a modest decline, decreasing to 8.6% in November 2024, down from 8.7% recorded in October 2024. The latest figures, updated on January 10, 2025, by the Turkish Statistical Institute, highlight a steady month-over-month improvement...
In a noteworthy reversal, Lithuania's Producer Price Index (PPI) registered a 0.30% increase in December 2024, compared to a significant drop of -1.80% observed in November 2024. This marks a positive shift in the country's economic landscape, indicating a potential stabilization in producer...
In the latest economic update for Lithuania, the nation's Producer Price Index (PPI) revealed a subtle decline from November to December 2024. The PPI, a crucial indicator reflecting inflationary trends in the industrial sector, decreased from a previously recorded 0.60% in November to 0.50% in...
Sweden's industrial production has surged impressively in November, marking a significant turnaround from the previous month's decline. According to the latest data updated on January 10, 2025, the industrial production indicator rose to 2.4%, a major shift from the -0.9% recorded in October...
Sweden's industrial production has made a significant recovery, marking a 2.6% increase in November 2024 compared to the same month a year ago, a notable rebound from the -2.1% decline recorded in October 2024. This data, updated on January 10, 2025, highlights a strong year-over-year...
Industrial production in Turkey took a significant dip in November 2024, as the month-over-month growth rate decreased to 1.00%, according to updated data released on January 10, 2025. This marks a noteworthy decline from October's performance, which saw a 4.10% increase.
The comparison...
In a recent update on January 10, 2025, Thailand's foreign reserves recorded a slight decrease, landing at $236.4 billion, down from the previous figure of $237.1 billion. This subtle shift marks a continuation of the volatility that often characterizes financial reserves due to various economic...
As of January 10, 2025, the currency swap agreements between Thailand and the United States have seen a slight contraction, according to the latest figures. The data reveal a decline from a previous standing of $25.4 billion to a current level of $24.9 billion.
This reduction in currency swap...
In a promising development for the French economy, consumer spending made a positive turnaround in November 2024, recording a monthly growth of 0.3%. This follows a concerning contraction of -0.3% observed in September 2024. The latest data, updated as of January 10, 2025, offers an encouraging...
In a positive economic shift for France, industrial production bounced back into growth territory in November 2024. According to recently updated data, the industrial production indicator improved to 0.2%, reversing the previous month's contraction of -0.3% experienced in October 2024. The...
Dear readers, I've prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. Major Takeaways BTCUSD: A triangular correction continues. Expect growth in subwave [C] of B. Consider long positions from the current level with Take Profit at 104,255.00...
Dear readers, I've prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. Major Takeaways BTCUSD: A triangular correction continues. Expect growth in subwave [C] of B. Consider long positions from the current level with Take Profit at 104,255.00...