Daily Pivots: (S1) 136.42; (P) 136.89; (R1) 137.74; Intraday bias in GBP/JPY remains on the upside at this point. Rebound from 133.03 would target a test on 142.71 high. On the downside, though, break of 135.05 will likely resume the fall from 142.71 through 133.03 to 61.8% retracement of 123.94 to

Sweden's manufacturing activity grew for a fifth month in a row in September led by strong demand and increased output, survey data from Swedbank and the logistics group SILF showed on Thursday. The purchasing managers' index rose to 55.3 from an upwardly revised 53.8 in August. A reading above 50 s

Daily Pivots: (S1) 1.1713; (P) 1.1792; (R1) 1.1853; EUR/USD breached 1.1737 support briefly but quickly recovered. Intraday bias stays neutral first. On the downside, firm break of 1.1737 will reaffirm the bearish case that fall from 1.2011 is correcting whole rise from 1.0635. Intraday bias will be

After the fall in the equity market caused by the COVID-19 crisis, the market's recovery was much faster and more drastic in the US than in the Eurozone, to the point that there is no longer any sign of the crisis in the US. Analysts at Natixis seek to identify the reasons for the significantly bett

Gold’s price reached a record high of $2,075 per ounce earlier this month and was last seen trading at $1,925, representing a 27% gain on a year-to-date basis.  However, bond fund giant Pimco’s validation model, which is based on changes in the real, or inflation-adjusted yield of government bonds,

Gold is stuck in a sideways channel on the hourly chart.  Channel breakdown would open doors for deeper pullback to recent lows.  Gold is trading near the hourly chart sideways channel resistance of $1,954.  The consolidation seen on the hourly chart is preceded by a violation of the trendline risi

The People's Bank of China (PBOC) has set the yuan reference rate at 6.9597 versus Tuesday's fix at 6.9711.

Photo: Bloomberg The New York State Department of Financial Services (NYDFS) has recently issued a “greenlist” of virtual currencies, which have been pre-approved by the regulator for licensees to list and trade. On its greenlist, the regulator has pre-approved coins for custody and coins for list

Photo: FM Revolut, one of the major UK-based challenger banks, has added Stellar lumens (XLM) in its cryptocurrency offerings, allowing its users to buy and sell the token. First reported by Coindesk on Monday, the new listing happened due to “overwhelming demand” for XLM among Revolut users. It h

Some more awful GDP data is on the cards, but the Fed is in focus, and will likely say something supportive while we await the next fiscal package. Monetary policy to the rescue? While the US politicians continue to bicker about what to do in terms of additional fiscal policy (more of a question of

USD/JPY – EUR/JPY USDJPY shorts at 107.25/35 are working perfectly as we hit minor support at 106.60/50 for a potential 75 pip profit. EURJPY longs at 122.65/55 looking good after our buy signal targeting 123.20/30, 123.50/60 & 123.90/124.00. We continued higher to 124.28. Updated at 03:20 GMT D