In light of the numerous hawkish comments and sources stories during the weekend, we now change our ECB rate call. We now expect ECB to hike 75bp next week, which will be followed by 50bp Read more…
Powell’s hawkish 9-minute speech on Friday was followed by decisive commentary from ECB’s Schnabel and Villeroy over the weekend. That delivered a one-two punch to core bonds at the start of the new week, keeping Read more…
ECB Chief Economist Philip Lane said in a speech that the upcoming September monetary policy meeting will be the “start of a new phase” for the central bank. This new phase consists of a ” Read more…
Daily Pivots: (S1) 136.10; (P) 137.03; (R1) 137.97; More…. EUR/JPY’s break of 138.38 resistance confirms resumption of rebound from 133.38. Intraday bias stays on the upside for 100% projection of 133.38 to 138.38 from 135.50 Read more…
Daily Pivots: (S1) 136.67; (P) 137.12; (R1) 137.96; More… Intraday bias in USD/JPY stays on the upside for 139.37 high. Strong resistance could be seen there to limit upside, to start the third leg of Read more…
Daily Pivots: (S1) 0.9602; (P) 0.9636; (R1) 0.9694; More… Intraday bias in USD/CHF remains on the upside for the moment. Outlook is unchanged that triangle correction from 1.0063 could have completed at 0.9369 already. Further Read more…
Daily Pivots: (S1) 1.1682; (P) 1.1791; (R1) 1.1849; More… Intraday bias in GBP/USD remains on the downside at this point. Current decline should target 1.1409 long term support. On the upside, above 1.1899 minor resistance Read more…
Daily Pivots: (S1) 0.9911; (P) 1.0000; (R1) 1.0053; More… EUR/USD recovers notably today but stays in established range above 0.9899. Intraday bias remains neutral first. On the downside, break of 0.9899 will resume larger down Read more…
Euro is staging a strong come back today, as supported by hawkish comments from ECB officials over the weekend. In short, a 50bps rate hike looks like that base case for ECB meeting next week, Read more…
Spot gold price fell to one month low on Monday, in extension of last Friday’s 1.2% drop, under fresh pressure on comments from Federal Reserve Chair Jerome Powell, who signaled that the central bank remains Read more…