France consumer spending rose 0.7% mom in May, slightly above expectation of 0.6% mom. That’s the first increase after five months of contraction. The increase was almost exclusively due to the clear rebound in consumption Read more…
AUDUSD has completely reversed its mid-June bullish move to trade at the bottom of its broad downtrend and marginally above the familiar support zone of 0.6850. The falling simple moving averages (SMAs) are signaling a Read more…
Daily Pivots: (S1) 165.23; (P) 165.79; (R1) 166.17; More… Outlook in GBP/JPY is unchanged and intraday bias stays neutral for the moment. On the upside, decisive break of 168.67 resistance will resume larger up trend. Read more…
Daily Pivots: (S1) 142.13; (P) 142.99; (R1) 143.50; More…. Intraday bias in EUR/JPOY remains neutral as range trading continues. On the upside, decisive break of 144.23 will resume larger up trend. On the downside, below Read more…
Daily Pivots: (S1) 0.8590; (P) 0.8626; (R1) 0.8648; More… Intraday bias in EUR/GBP remains neutral for the moment. On the downside, break of 0.8484 support will suggest rejection by 0.8697 medium term fibonacci resistance. Outlook Read more…
Daily Pivots: (S1) 1.5124; (P) 1.5221; (R1) 1.5276; More… Intraday bias in EUR/AUD remains neutral as range trading continues. On the upside, sustained break of 1.5354 support turned resistance will indicate medium term bottoming at Read more…
Daily Pivots: (S1) 0.9931; (P) 1.0004; (R1) 1.0041; More…. Intraday bias in EUR/CHF stays on the downside at this point. Sustained break of 0.9970 low will resume larger down trend. Next target is 0.9650 long Read more…
EUR/USD The common European currency lost quite a bit of ground against the dollar and the pair breached the zone at 1.0467. At the time of writing the analysis, the pair is trading just below Read more…
Markets Markets yesterday still showed highly sensitive to any headline on inflation. Even the CPI release from the German state of North-Rhine Westphalia triggered a nervous start on (European) bond markets. The lower than expected Read more…
Market movers today The main event today will be the Riksbank meeting at 9.30 CET (followed by the press conference at 11.00 CET). Consensus expects a hike of 50bp, including Danske. We expect the alternative Read more…