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Elliott wave update of usdcad – october 25th, 2023

USDCAD is trading higher for the second straight week, but it has yet to breach the resistance area between 1.3800 and 1.3900. What happens if it can'...

October 25, 2023, 6:53 am

Usd downside well protected going into ecb

Markets Disappointing and weak EMU October PMI’s contrasted with slightly better (and 50+) readings in the US. European data already cement the case...

October 25, 2023, 6:50 am

Aussie the only notable mover as we get into european morning trade

AUD/USD is up 0.3% on the day to 0.6375 but is off its earlier highs near 0.6400. The aussie is the only notable mover so far, climbing after the stro...

October 25, 2023, 6:45 am

Eur/gbp to appreciate in the coming quarters – commerzbank

GBP/USD recovers some lost ground near 1.2170 on the softer usd. The pair holds below the 50- and 100-h...

October 25, 2023, 6:44 am

Eur/usd daily outlook

Daily Pivots: (S1) 1.0551; (P) 1.0623; (R1) 1.0662; More… Intraday bias in EUR/USD stays neutral for the moment. On the upside, above 1.0693 will re...

October 25, 2023, 6:29 am

Gbp/usd price analysis: stalls its decline, the key upside barrier is seen at 1.2200

The GBP/USD pair stalls its decline and holds below the 1.2200 mark during the Asian session on Wednesday. A decline of the US Dollar (USD) and a retr...

October 25, 2023, 6:29 am

Intraday analysis – gold pulls back

GBPUSD hits resistance The pound saw some support from better-than-expected job data in September. A jump above the first hurdle of 1.2220 has prompte...

October 25, 2023, 6:25 am

Gbp/usd daily outlook

Daily Pivots: (S1) 1.2113; (P) 1.2201; (R1) 1.2249; More GBP/USD is extending the consolidation pattern from 1.2036 and intraday bias remains neutral....

October 25, 2023, 6:25 am

Usd/chf daily outlook

Daily Pivots: (S1) 0.8895; (P) 0.8924; (R1) 0.8960; More…. Intraday bias in usd/CHF remains neutral, ...

October 25, 2023, 6:20 am

Usd/jpy daily outlook

Daily Pivots: (S1) 149.51; (P) 149.72; (R1) 150.12; More… No change in usd/JPY’s outlook as consoli...

October 25, 2023, 6:18 am

Usd/cad daily outlook

Daily Pivots: (S1) 1.3660; (P) 1.3698; (R1) 1.3729; More… usd/CAD continues to spiral higher but stay...

October 25, 2023, 6:16 am

Gold prices forecast: fed policy and us economic health take center stage

Softer U.S. Treasury yields fail to boost gold (XAU/USD) as U.S. economic indicators and upcoming Fed meeting drive bearish sentiment. The post Gold P...

October 25, 2023, 6:13 am

Aud/usd daily report

Daily Pivots: (S1) 0.6333; (P) 0.6356; (R1) 0.6379; More… AUD/USD recovers further today but stays below 0.6444 resistance. Intraday bias remains ne...

October 25, 2023, 6:06 am

Usdchf technical analysis - the trend has turned bearish

US:The Fed left interest rates unchanged as expected at the last meeting.The macroeconomic projections were revised higher, and the Dot Plot showed th...

October 25, 2023, 6:01 am

Fx option expiries for 25 october 10am new york cut

There aren't any significant expiries close to the current price action to take note of for the day. As such, trading sentiment will continue to revol...

October 25, 2023, 5:45 am

Gbp/usd now points to some consolidation – uob

GBP/USD could now move into a consolidative phase, likely within the 1.2095-1.2285 range, according to Economist Lee Sue Ann and Markets Strategist Qu...

October 25, 2023, 5:44 am

Eur/usd is now seen trading within 1.0510-1.0700 – uob

In the view of Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group, EUR/USD is now expected to navigate between 1.0510 and 1.0700...

October 25, 2023, 5:44 am

Eur/usd forecast: german business sentiment in focus pre-ecb

German business sentiment and private sector dynamics shape the EUR/USD landscape as investors prepare for the ECB monetary policy decision. The post ...

October 25, 2023, 5:30 am

Gbp to usd forecast: boe rate hike uncertainty leaves outlook in flux

UK retail sales and services PMI numbers will pressure the BoE to leave rate unchanged. However, sticky inflation remains an issue. The post GBP to...

October 25, 2023, 5:30 am

A couple of light releases coming up in european trading today

The Australian dollar is in the spotlight today as it gains after a stronger-than-expected inflation report here. That is prompting calls for a 25 bps...

October 25, 2023, 5:02 am


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