The euro strengthens as the ECB would reportedly accelerate its rate hikes to bring down inflation. The pair is at a crossroads under June’s high at 0.8720. A combination of profit-taking and fresh selling could Read more…
The Japanese yen bounced after the government hinted at intervention to support its currency. The dollar gained momentum after it cleared the previous top at 139.30. However, it soon came under pressure at the psychological Read more…
This morning saw the release of Australian Business and Consumer Confidence data, framed against surging prices and a fourth consecutive 50bp rate hike from the RBA last week. Extending its rebound from the June low Read more…
Markets US Treasuries underperformed German Bunds yesterday. US yields added 1.4 bps to 6.5 bps with the 10-30yr bucket being worse off. The main move occurred in the wake of a very weak $32bn 10-yr Read more…
Global indices made a solid start to the week. The EuroStoxx 600 closed yesterday 1.76% higher on news that the Ukrainians are doing well pushing back the Russians in territories they launched a counteroffensive, while Read more…
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Daily Pivots: (S1) 0.9611; (P) 0.9679; (R1) 0.9722; More…. Intraday bias in EUR/CHF remains neutral for the moment. On the downside, below 0.9631 will bring retest of 0.9550 low. Firm break there will resume larger Read more…
Daily Pivots: (S1) 1.2949; (P) 1.2999; (R1) 1.3035; More… Intraday bias in USD/CAD stays neutral with focus on 1.2971 support. Firm break there will argue that corrective pattern from 1.3222 is extending with another falling Read more…
Daily Pivots: (S1) 0.6843; (P) 0.6871; (R1) 0.6919; More… Intraday bias in AUD/USD remains mildly on the upside as rebound from 0.6698 is in progress. Sustained break of 55 day EMA (now at 0.6915). Sustained Read more…
Daily Pivots: (S1) 142.13; (P) 142.81; (R1) 143.52; More… USD/JPY’s consolidation from 144.98 is still extending and intraday bias stays neutral for the moment. Downside of retreat should be contained by 139.37 resistance turned support. Read more…