Month: September 2022

Daily Pivots: (S1) 1.3085; (P) 1.3113; (R1) 1.3162; More… Intraday bias in USD/CAD stays on the upside for 1.3222 resistance first. Firm break there will resume larger up trend from 1.2005. Next target is 100% Read more…

Daily Pivots: (S1) 0.6817; (P) 0.6861; (R1) 0.6885; More… AUD/USD’s fall from 0.7135 is in progress and intraday bias stays on the downside. As noted before, corrective rebound from 0.6680 could have completed with three Read more…

Daily Pivots: (S1) 0.9980; (P) 1.0018; (R1) 1.0053; More… EUR/USD is still bounded in consolidation from 0.9899 and intraday bias remains neutral. Further decline is expected with 1.0094 resistance intact. On the downside, break of Read more…

Daily Pivots: (S1) 1.1584; (P) 1.1639; (R1) 1.1679; More… Intraday bias in GBP/USD remains on the downside at this point. Current down trend should target 1.1409 long term support. On the upside, above 1.1759 minor Read more…

Daily Pivots: (S1) 0.9734; (P) 0.9771; (R1) 0.9814; More… USD/CHF’s rally from 0.9369 is still in progress and intraday bias stays on the upside. Current rally should target 0.9884 resistance first. Break there will argue Read more…

Swiss CPI rose 0.3% mom in August, slightly below expectation of 0.4% mom. The monthly rise was due to several factors including rising prices for in-patient hospital services, social protection services and housing rentals. CPI Read more…

Good news is bad news, as good economic data supports the idea that the US economy could withstand an aggressive monetary policy tightening, therefore has a boosting effect on the US yields, and a negative Read more…

Market movers today Manufacturing PMIs for August are released in a range of countries. We expect a further drop in Swedish PMI manufacturing from July’s 53.1 in line with the drop in the euro area Read more…