Cable extends advance above 1.21 mark on Thursday, hitting the highest since mid-August, following Wednesday’s 1.4% rally, which resulted in close above pivotal barriers at 1.2000/28 (psychological/former high of Nov 15. Fresh advance signals bullish Read more…
Germany’s Ifo Business Climate Index improved in November, strengthening from 84.5 to 86.3 (85.0 was expected). The overall index rose following an improvement in expectations over the last two months. Signals that the sharpest downturn Read more…
Equity markets are making steady gains in Europe and Asia on Thursday, while Wall Street is closed for the Thanksgiving bank holiday. The day got off to a decent start as investors on this side Read more…
Daily Pivots: (S1) 1.0326; (P) 1.0366; (R1) 1.0434; More… Intraday bias in EUR/USD stays neutral for the moment. As long as 1.0092 resistance turned support holds, further rally is expected. On the upside, break of Read more…
It offers three ports, plenty of power, and is compact enough to easily be tossed in a bag or pocket. When it comes to things that I always bring with me for travel, my phone, Read more…
Daily Pivots: (S1) 1.1925; (P) 1.2003; (R1) 1.2133; More… Intraday bias in GBP/USD remains on the upside at this point. Current rise from 1.0351 should target 100% projection of 1.0351 to 1.1494 from 1.1145 at Read more…
Daily Pivots: (S1) 0.9381; (P) 0.9457; (R1) 0.9502; More… Intraday bias in USD/CHF stays on the downside for 0.9355 support. Break there will resume the decline from 1.0146 to 0.9287 fibonacci level. Near term outlook Read more…
Daily Pivots: (S1) 138.64; (P) 140.12; (R1) 141.08; More… Immediate focus is now on 137.66 support in USD/JPY with today’s decline. Firm break there will resume the whole fall from 151.93, as a correction to Read more…
Yen rises broadly in quiet trading today, with help from falling US and European benchmark yields. Sterling is following as next strongest, and then Kiwi. On the other hand, Swiss Franc is the worst performer, Read more…
In the accounts of ECB’s October 26-27 meeting, it’s noted that the 75bps rate hike was “supported by a very large majority of members” with “a few members expressed a preference” for just 50bps. Still, Read more…