Month: November 2022

As was to be expected, it’s been a choppy week so far in financial markets with Europe a very mixed bag on Tuesday while US futures are marginally higher after making marginal losses on Monday. Read more…

The latest PMI business surveys from the euro area will hit the markets early on Wednesday, starting with the French numbers at 08:00 GMT. They are expected to confirm the economy is headed straight into Read more…

The Australian dollar edges higher vs its US counterpart on Tuesday, after daily Tenkan-sen (0.6591) provided firm ground for a four-day pullback from Nov 15 peak (0.6797). Aussie regained traction on renewed risk mode, but Read more…

Retail sales fell 0.5% month-on-month (m/m) in September, in-line with Statistics Canada’s advance estimate. Adjusting for the impact of inflation, the volume of sales was down just 0.1% on the month. Statistics Canada’s advance estimate Read more…

Daily Pivots: (S1) 1.0311; (P) 1.0359; (R1) 1.0412; More… Outlook in EUR/USD remains unchanged and intraday bias stays neutral. Consolidation from 1.0481 could extend further. As long as 1.0092 resistance turned support holds, further rally Read more…

Daily Pivots: (S1) 1.1766; (P) 1.1837; (R1) 1.1895; More… Sideway trading continues in GBP/USD and intraday bias remains neutral for the moment. Further rally is expected as long as 1.1644 resistance turned support holds. On Read more…

Daily Pivots: (S1) 0.9549; (P) 0.9574; (R1) 0.9616; More… USD/CHF retreats after hitting 4 hour 55 EMA and intraday bias stays neutral for the moment. Further decline is still expected with 0.9680 resistance intact. Below Read more…

US futures Dow futures +0.47% at 33723 S&P futures +0.5% at 3964 Nasdaq futures +0.45% at 11607 In Europe FTSE +0.65% at 7429 Dax +0.1% at 14400 Fed speakers to indicate a slowdown in rate Read more…