The pound whipsawed after Truss announced her resignation as Britain’s prime minister. The euro has found support at the base (0.8580) of a bullish breakout in early September. The support-turned-resistance at 0.8760 is the first Read more…
The Japanese yen slips over rumours of an intervention once again by the authorities. The pair has been climbing along a rising trendline after it broke above the previous high at 145.80. As the price Read more…
Daily Pivots: (S1) 167.48; (P) 168.61; (R1) 169.78; More… Intraday bias in GBP/JPY remains neutral as consolidation from 170.07 is still in progress. Downside of retreat should be contained above 159.71 support to bring another Read more…
Daily Pivots: (S1) 146.37; (P) 146.83; (R1) 147.43; More…. EUR/JPY is staying in consolidation from 147.24 and intraday bias remains neutral. Downside of retreat should be contained by 144.06 resistance turned support On the upside, Read more…
Daily Pivots: (S1) 0.8685; (P) 0.8707; (R1) 0.8734; More… EUR/GBP is extending the consolidation pattern from 0.8577 and intraday bias remains neutral. Further decline is expected with 0.8869 resistance intact. On the downside, break of Read more…
Daily Pivots: (S1) 1.5473; (P) 1.5572; (R1) 1.5677; More… Intraday bias in EUR/AUD remains neutral with consolidation from 1.5685 in progress. Deeper retreat cannot be ruled out but downside should be contained by 1.5156 support. Read more…
Daily Pivots: (S1) 0.9801; (P) 0.9826; (R1) 0.9842; More…. EUR/CHF continues to lose upside momentum as seen in 4 hour MACD but there is not sign of topping. Intraday bias stays on the upside for Read more…
Markets The UK political crisis has demanded its ultimate sacrifice. Liz Truss was forced to resign after being just 44 days in office – the shortest tenor ever. The race for a new PM has Read more…
The biggest news of yesterday was the resignation of the UK PM Liz Truss, after having wreaked havoc across all British asset classes in just 44 days in office, as she aimed to spend BIG Read more…
Market movers today The EU Council meeting continues in Brussels with focus on Ukraine and foreign policy topics, after the first agreements on the energy front have been reached overnight (see more below). Markets will Read more…