Markets This week’s long-drawn countdown to the US September CPI finally resulted in a few hours of extremely volatile trading annex a historic intra-day market reversal, in particular in US equities. Hoped for signals of Read more…
Daily Pivots: (S1) 0.9671; (P) 0.9739; (R1) 0.9845; More… Intraday bias in EUR/USD is turned neutral first with break of 0.9773 minor resistance. For now, outlook will remain bearish as long as 0.9998 resistance holds. Read more…
Daily Pivots: (S1) 1.1133; (P) 1.1257; (R1) 1.1455; More… Intraday bias in GBP/USD remains on the upside for 1.1494 resistance. Firm break there will confirm resumption of whole rebound from 1.0351. Next target is 61.8% Read more…
Daily Pivots: (S1) 0.9958; (P) 1.0016; (R1) 1.0072; More… USD/CHF retreated again after hitting 1.0072 and intraday bias is turned neutral first. on the upside, break of 1.0072, and sustained trading above 1.0063, will confirm Read more…
Daily Pivots: (S1) 146.58; (P) 147.12; (R1) 147.78; More… Intraday bias in USD/JPY stays on the upside at this point. Firm break of 147.68 long term resistance will target 149.26 projection level, and possibly to Read more…
Daily Pivots: (S1) 1.3650; (P) 1.3813; (R1) 1.3920; More… USD/CAD retreated notably after rising to 1.3976 and intraday bias is turned neutral first. Outlook will stay bullish as long as 1.3501 support holds. Firm break Read more…
USD/JPY: The current general bias for USDJPY on the H4 chart is bullish. To add to this bias, the price is currently trading above the Ichimoku cloud, indicating a bullish market. Overnight, the price has Read more…
New Zealand BusinessNZ Performance of Manufacturing Index dropped back from 54.8 to 52.0 in September, comparing to July’s 53.5 and June’s 50.2. Looking at some details, production dropped from 54.5 to 52.0. Employment dropped from Read more…
There was some unusual volatility in USD/JPY overnight at it approached 1998 high at 147.68. The pair was knocked down but there was no sustained selling. Japan Ministry of Finance declined to confirm whether that Read more…
US stocks staged a historic U-turn overnight, after initial post-CPI selloff. DOW had a jaw-dropping swing of more than 1500 pts, falling to as low as 28660.94, then rebounded to close at 30038.72, after hitting Read more…