Daily Pivots: (S1) 0.9549; (P) 0.9574; (R1) 0.9616; More… While USD/CHF’s recovery from 0.9355 extends higher today, upside is limited well below 0.9680 minor resistance. Intraday bias stays neutral first, and further decline is still Read more…
Daily Pivots: (S1) 1.0311; (P) 1.0359; (R1) 1.0412; More… Intraday bias in EUR/USD stays neutral for the moment as consolidation from 1.0481 is extending. As long as 1.0092 resistance turned support holds, further rally is Read more…
Market sentiment is fragile on uncertainty regarding whether China would make a U-turn on its Covid reopening plans. The widening spread between the US 2- and 10-year yields, which hit the widest inversion since the Read more…
Market movers today A quiet day in terms of economic data, euro area November flash consumer confidence will be released in the afternoon. Consensus expects the National Bank of Hungary to maintain its policy rates Read more…
Short term Elliott Wave View in DAX suggests cycle from 9.28.2022 low is unfolding as a 5 waves impulse structure. Up from 9.28.2022 low, wave 1 ended at 13444.07 and pullback in wave 2 ended Read more…
ECB Governing Council member Robert Holzmann told FT in an interview, that he could “see no signs that core inflation is reducing” . He added that another big rate hike “would give a strong signal about Read more…
USD/JPY: The current general bias for USDJPY on the H4 chart is bullish. To add confluence to this, the price is crossing the Ichimoku cloud which indicates a bullish market. If the bullish momentum continues, Read more…
Daily Pivots: (S1) 1.1766; (P) 1.1837; (R1) 1.1895; More… GBP/USD is staying inside tight range below 1.2028 as sideway consolidation continues. Intraday bias remains neutral first, and further rally is expected as long as 1.1644 Read more…
Dollar’s rebound stalled once again quickly, as risk markets appear to have stabilized. Overall, Swiss Franc is following the greenback as the second strongest for the week so far, then Canadian. Yen is the worst Read more…
New Zealand goods exports rose 14% yoy to NZD 6.1B in October. Goods imports rose 24% yoy to NZD 8.3B. Trade deficit widened from NZD -1.7B to NZD -2.1B, much larger than expectation of NZD Read more…