Daily Pivots: (S1) 140.51; (P) 141.21; (R1) 142.25; More…. No change in EUR/JPY’s outlook and intraday bias stays neutral. On the downside, break of 137.37 will resume the decline from 148.38 to 135.40 fibonacci level. Read more…
Daily Pivots: (S1) 0.8777; (P) 0.8801; (R1) 0.8832; More… EUR/GBP is extending the consolidation from 0.8876 and intraday bias remains neutral. Further rally is expected as long as 55 day EMA (now at 0.8728) holds. Read more…
Daily Pivots: (S1) 1.5430; (P) 1.5484; (R1) 1.5582; More… Intraday bias in EUR/AUD is turned neutral first with current recovery. Strong support could be seen from 38.2% retracement of 1.4281 to 1.5976 at 1.5329 to Read more…
Daily Pivots: (S1) 0.9865; (P) 0.9878; (R1) 0.9902; More…. EUR/CHF is still extending the consolidation pattern from 0.9953 and intraday bias remains neutral. On the upside, firm break of 0.9953 resistance will resume larger rally Read more…
The Dax 40 climbs as upbeat industrial output in Germany eases fears of a deep recession. A close above December’s high of 14660, a major daily resistance may have put the index back on track. Read more…
The pound softens as the BoE’s chief economist warns of persistent inflation. On the daily chart, the euro is in a consolidation after it lifted last October’s high of 0.8860. A slide below 0.8780 may Read more…
The Japanese yen rallied over better-than-expected Tokyo CPI in December. On the daily chart, a break below August’s low (130.50) has put the buy side under pressure. The latest bounce hit resistance in the supply Read more…
Markets Friday’s post-ISM moves petered out yesterday though US Treasuries continued to outperform German Bunds. The NY Fed’s Survey of Consumer Expectations showed median one-year-ahead inflation expectations continuing to decline in December, falling by 0.2 Read more…
Good news is that Asian stocks entered bull market. Bad news is that the Federal Reserve (Fed) President Jerome Powell could hammer the post-NFP stock rally in US stocks. Sentiment is mixed and investors are Read more…
Market movers today Both Norway and Denmark release CPI for December this morning while we will get various activity data out of Sweden later in the day, see Nordics section below. In the US we Read more…