Daily Pivots: (S1) 1.5450; (P) 1.5509; (R1) 1.5601; More… Intraday bias in EUR/AUD stays neutral as consolidation from 1.5704 is extending. Deeper decline cannot be ruled out. But downside should be contained by 55 day Read more…
Daily Pivots: (S1) 0.9881; (P) 0.9913; (R1) 0.9957; More…. EUR/CHF is staying in consolidation from 0.9953 and intraday bias remains neutral. In case of another fall, downside should be contained by 0.9798 support to bring Read more…
Daily Pivots: (S1) 145.94; (P) 146.66; (R1) 147.68; More…. EUR/JPY is staying in consolidation below 148.38 and intraday bias remains neutral. In case of another fall, downside should be contained 140.88/144.06 support zone to bring Read more…
Despite the broadly disappointing Big Tech earnings, and the heavy selloff we saw in most Big Tech stocks, US equities ended last week on a positive note, thanks to record profits from US Big Oil Read more…
Market movers today Today we get euro area HICP figures for October. Following the higher than expected prints out of Germany, Italy and France we expect an increase to 10.8% from 9.9% in September. We Read more…
Daily Pivots: (S1) 169.66; (P) 170.52; (R1) 172.16; More… Intraday bias in GBP/JPY remains on the upside at this point. Current rally should target 100% projection of 148.93 to 165.69 from 159.71 at 176.47 next. Read more…
Yen trades generally lower in quite Asian session today, but markets are relatively steady elsewhere. Stock markets are mixed with Nikkei closing higher, following the rebound in the US last Friday. But China is weighed Read more…
USD/JPY: The current general bias for USDJPY on the H4 chart is bullish. Towards the end of last week, USDJPY had some bullish momentum upwards due to the strengthening of the DXY. Price is currently Read more…
China PMI Manufacturing fell from 50.1 to 49.2 in October, below expectation of 50.0. PMI Non-Manufacturing dropped from 50.6 to 48.7, below expectation of 50.2. Both readings were below 50-mark which separates growth from contraction Read more…
Australia retail sales rose 0.6% mom in September, matched expectations. Ben Dorber, ABS head of retail statistics said, “This month’s rise was again driven by the combined strength in the food industries. Food retailing rose Read more…