Daily Pivots: (S1) 0.9874; (P) 0.9896; (R1) 0.9929; More…. EUR/CHF’s consolidation from 0.9953 is extending and intraday bias remains neutral. Downside of retreat should be contained by 0.9798 resistance turned support to bring rebound. On Read more…
Stock futures edge higher with mid-terms in focus; Nvidia jumps on report of new chip designed for China market; Lyft plummets after Q3 loss, muted near-term outlook; Activision gets Q3 bump from Call of Duty; Read more…
Eurozone retail sales rose 0.4% mom in September, better than expectation of 0.0% mom. Volume of retail trade increased by 1.0% for non-food products and by 0.4% for food, drinks and tobacco, while it decreased Read more…
GBPUSD returned to test February’s crucial descending trendline near 1.1535 after two strong consecutive bullish days. The positive intersection between the 20- and 50-day simple moving averages (SMAs), if sustained, could increase hopes for a bullish trend Read more…
EURJPY has been in a prolonged uptrend since early March, generating consecutive multi-year peaks. However, the pair has been consolidating in the last few daily sessions as its rally paused at the eight-year high of 148.39. The momentum Read more…
Cable eases in early Tuesday after strong two-day rally, as bulls take a breather on firmer dollar, so far unable to register a clear break above cracked 1.15 barrier. Fundamentals remain weak as red-hot inflation Read more…
The Australian dollar edges lower from new highest in nearly two weeks in early Tuesday, consolidating strong rally in past two days. Overbought conditions on daily chart prompted a partial profit taking, though near-term structure Read more…
Bulls are taking a breather for consolidation after advancing 2.7% in past two days (Friday’s rally was the biggest daily gain since June 2016). Initial strong bullish signal was generated on Friday’s close above thick Read more…
SNB Chairman Thomas Jordan, said in a conference, “In an environment such as the one we face today, mixed signals on the persistence of inflation might tempt policymakers to postpone further reaction to inflationary pressures Read more…
ECB Vice President Luis de Guindos said in an interview, “we will continue raising rates to a level that ensures inflation will come back into line with our definition of price stability”. The level will Read more…