The higher-beta pound outperforms across the board thanks to improved risk sentiment. The recent rebound came to a halt at 0.8670 and a subsequent fall below the critical floor at 0.8570 indicates that the path Read more…
The US dollar jumped over strong wage growth in November. A drop below the recent low of 0.9370 further weighed on sentiment by invalidating the double bottom between August and November. As the latest buyers Read more…
Daily Pivots: (S1) 164.10; (P) 165.04; (R1) 166.05; More… Intraday bias in GBP/JPY is turned neutral with current recovery, but further decline is still expected as long as 167.40 resistance intact. Decisive break of 163.02 Read more…
Daily Pivots: (S1) 140.75; (P) 141.61; (R1) 142.46; More…. Intraday bias in EUR/JPY is turned neutral with today’s recovery. But further decline is expected as long as 146.12 resistance holds. Break of 140.75 will resume Read more…
Daily Pivots: (S1) 0.8552; (P) 0.8581; (R1) 0.8605; More… Intraday bias in EUR/GBP remains mildly on the downside at this point. Current decline from 0.9267 should target 61.8% projection of 0.9267 to 0.8647 from 0.8827 Read more…
Daily Pivots: (S1) 1.5454; (P) 1.5485; (R1) 1.5547; More… EUR/AUD is still bounded in sideway consolidation from 1.5704 and intraday bias remains neutral. In case of another fall, downside should be contained by 55 day Read more…
Daily Pivots: (S1) 0.9838; (P) 0.9861; (R1) 0.9899; More…. EUR/CHF is still bounded in sideway consolidation form 0.9953 and intraday bias stays neutral. On the upside, firm break of 0.9953 resistance will resume larger rally Read more…
Market The reaction to Friday’s strong payrolls report is telling. Net job growth beat consensus at 263k with average hourly earnings growth accelerating to 0.6% M/M and 5.1% Y/Y. The unemployment rate stabilized at 3.7%, Read more…
US stocks fell on Friday, after the latest data showed that Americans got more jobs in November, and more importantly they got a better pay. Wages grew by 0.6% over the month, which was the Read more…
Market movers today This week will be quiet in terms of key data releases as markets await the final ECB and Fed meetings of the year on 14 and 15 December. In euro area, October Read more…