Markets UK gilts underperformed German Bunds and US Treasuries today. Fitch’s decision to lower the outlook on the country’s AA- rating from stable to negative triggered the move. The rating agency cited increased fiscal risks Read more…
EURGBP reversed from support level 0.8675 Likely to rise to resistance level 0.8800 EURGBP currency pair recently reversed up from the key support level 0.8675 (previous monthly high from June), intersecting with the 61.8% Fibonacci Read more…
GBPUSD reversed from resistance level 1.1490 Likely to fall to support level 1.1000 GBPUSD currency pair recently reversed down from the key resistance level 1.1490 (former strong support from the start of September), intersecting with Read more…
The Dearborn, Michigan-based automaker just made a decision that will impact consumer purchasing power. It’s a real blow. Ford (F) – Get Ford Motor Company Report has just hit consumers and buyers of electric vehicles in Read more…
Cable remains in red for the second day, pressured by weaker risk sentiment and downbeat report from the BoE, which showed raised expectations for inflation in one year time to 9.5% from 8.4% estimation in Read more…
Daily Pivots: (S1) 0.9816; (P) 0.9906; (R1) 0.9976; More… Intraday bias in EUR/USD stays neutral at this point. On the downside, break of 0.9734 minor support will suggest rejection by 55 day EMA, and medium Read more…
Daily Pivots: (S1) 1.1206; (P) 1.1350; (R1) 1.1473; More… Intraday bias in GBP/USD stays neutral at this point. On the downside, break of 1.1023 minor support will indicate that rebound from 1.0351 is over. Intraday Read more…
Daily Pivots: (S1) 143.86; (P) 144.36; (R1) 145.18; More… No change in USD/JPY’s outlook as consolidation from 145.89 is still extending. Intraday bias stays neutral and further rally is expected as long as 139.37 resistance Read more…
Daily Pivots: (S1) 0.9784; (P) 0.9836; (R1) 0.9888; More… USD/CHF is still extending the consolidation pattern form 0.9964 and intraday bias remains neutral. Outlook is unchanged that further rally is in favor as long as Read more…
The forex markets are very quiet today, with major pairs and crosses stuck inside yesterday’s range so far. Dollar is trying to recover but lacks sustained buying. Traders are clearly holding the bets before tomorrow’s Read more…