Daily Pivots: (S1) 0.9395; (P) 0.9442; (R1) 0.9479; More… USD/CHF is losing some downside momentum as seen in 4 hour MACD. But intraday bias stays on the downside for 0.9369 support, and then 0.9287 fibonacci Read more…
Daily Pivots: (S1) 1.0278; (P) 1.0319; (R1) 1.0366; More… EUR/USD is losing upside momentum as seen in 4 hour MACD, but intraday bias stays on the upside. Current rise should target 1.0609 fibonacci level next. Read more…
In October, UK payrolled employees rose 0.2% mom or 74k. Comparing with October 2021, payrolled employees rose 2.7% yoy or 772k. Median monthly pay rose 6.0% yoy. Claimant counts rose 3.3k, versus expectation of -12.6k. Read more…
Market movers today The G20 leaders’ summit is kicking off in Bali and markets will be attuned to any geopolitical headlines. In the euro area, German ZEW expectations for November are on the agenda and Read more…
Equities saw some profit taking in last week’s post-US inflation rally, as some Federal Reserve (Fed) officials put ‘the church in the middle of the village’ as would say Swiss, reminding investors that the 7.7% Read more…
Daily Pivots: (S1) 1.1703; (P) 1.1766; (R1) 1.1821; More… Intraday bias in GBP/USD is turned neutral first with a temporary top in place at 1.1853. Some consolidations would be seen first, but downside of retreat Read more…
Overall, the forex markets are bounded in tight range as consolidative trading continues. There is no clear sign of a sustainable rebound in Dollar, and thus, the most is more likely down than up. Yen Read more…
The RBA softens rate outlook just when it is increasing its inflation forecast – unusual approach. The Minutes of the November Monetary Policy Meeting make a clear case for adopting a steady approach to the Read more…
Asian Indices: Australia’s ASX 200 index fell by -6.9 points (-0.1%) and currently trades at 7,139.40 Japan’s Nikkei 225 index has risen by 36.65 points (0.13%) and currently trades at 28,000.12 Hong Kong’s Hang Seng Read more…
Summary of the RBA’s minutes – considerations on monetary policy Inflation in Australia remained too high Strong demand is contributing to high inflation Medium-term inflation expectations and wages growth remained consistent with inflation returning to Read more…