GBP/USD’s strong rebound last week suggests short term bottoming at 1.3135, on bullish divergence condition in 4H MACD. Initial bias stays on the upside this week. Sustained break of 38.2% retracement of 1.3675 to 1.3135 at 1.3341 will raise the trend of bullish reversal and target 61.8% retracement at 1.3469 next. Nevertheless, below 1.3230 minor…
USD/JPY stayed in range of 156.36/159.02 last week and outlook is unchanged. Initial bias remains neutral this week first. Further rise is mildly in favor as long as 156.36 support holds. Above 159.02 will extend the rebound from 152.87 to 160.38 key structural resistance next. Nevertheless, break of 156.36 will bring deeper fall back to…
Physical supply deficits provide a floor near $50, but cautious global central bank policy and elevated scrap recycling cap aggressive upside Written by: Olumide Adesina • Saturday, October 17, 2026 • 1 min read • Last updated: Saturday, October 17, 2026 Add an article to your Reading List Register now to be able to add…
EUR/USD recovered after edging lower to 1.1111, but upside is capped by 1.1276 resistance. Initial bias remains neutral this week and further fall is in favor. Below 1.1111 will extend larger fall from 1.2081 to 1.0904 fibonacci level. However, considering bullish divergence condition in 4H MACD, firm break of 1.1276 will indicate short term bottoming,…
Next week is quiet on the domestic data front, with Tuesday’s housing starts the main report. Starts likely declined further under pressure from elevated mortgage rates. Abroad, Canada CPI likely picked up on energy costs, though steady core inflation still argues for policy patience. U.K. and Japan inflation should also accelerate, reinforcing our calls for…
Persistent core inflation strengthens the case for further Fed tightening. December appears the more likely timing for another US rate increase. Hawkish ECB comments also point towards another hike before year-end. EUR/USD may depend on differences in the expected scale of tightening. Persistent inflation is strengthening the case for further monetary tightening in both the…
Canadian Highlights Canadian home sales and prices declined in September, reflecting the pinch from higher borrowing costs. Homebuilding activity rose in September but remained flat on a six-month trend basis, pointing to continued weakness in residential investment. Next week will bring a flurry of economic data, including the latest inflation report. We’ll be watching for…
Rocket Lab Corporation (NASDAQ: RKLB) finished at $55.25 on Thursday, down 6.64%, and the stock is trading at 0.54% above that level… Written by: Arslan Ali Butt • Friday, October 16, 2026 • 3 min read • Last updated: Friday, October 16, 2026 Add an article to your Reading List Register now to be able…
Foreign Institutional Investors (FIIs) offloaded equities worth ₹5,285.37 crore on a net basis on Thursday (October 15, 2026), according to exchange data. (Representational image) | Photo Credit: Getty Images/iStockphoto The rupee stayed on upward momentum for the sixth straight session on Friday (October 16, 2026) and settled 7 paise higher at 94.92 (provisional) against the…
Glencore shares gained 2.9% on Friday, approaching R130 as the Australian listing, a UBS buy rating and expanding copper and critical-minerals opportunities strengthen investor interest. Written by: Skerdian Meta • Friday, October 16, 2026 • 3 min read • Last updated: Friday, October 16, 2026 Add an article to your Reading List Register now to…