Daily Pivots: (S1) 181.49; (P) 181.73; (R1) 182.04; More… GBP/JPY is staying in consolidation above 180.78 temporary low and intraday bias remains neutral. With 183.34 resistance intact, further decline is expected. On the downside, break Read more…
Daily Pivots: (S1) 157.41; (P) 157.79; (R1) 158.10; More…. No change in EUR/JPY’s outlook as sideway trading continues. Intraday bias remains neutral for the moment. Risk stays on the downside with 158.64 resistance intact. On Read more…
Daily Pivots: (S1) 0.8662; (P) 0.8682; (R1) 0.8695; More…. Intraday bias in EUR/GBP is turned neutral first with current retreat. Focus stays on 0.8700 resistance. Decisive break there carry larger bullish implication and bring stronger Read more…
Daily Pivots: (S1) 1.6444; (P) 1.6518; (R1) 1.6562; More… Intraday bias in EUR/AUD remains neutral for the moment. More sideway consolidations could be seen, but deeper decline is expected with 1.6793 resistance intact. On the Read more…
Daily Pivots: (S1) 0.9646; (P) 0.9666; (R1) 0.9681; More… A temporary top is formed at 0.9683 in EUR/CHF with current retreat. Intraday bias is turned neutral first. But further rally is expected as long as Read more…
Markets What a way to start the week. Core bonds fell off a cliff with the long end again underperforming. The move was natural, not driven by any particular event and that makes it so Read more…
The US yields rose, and the dollar extended gains yesterday as the looming US government shutdown drama got the only remaining big rating agency company Moody’s to sound cautious about the US’ AAA rating. ‘Debt Read more…
Market movers today The most relevant data release today is the US consumer confidence indicator from the Conference Board. After some improvements over the summer consumer confidence fell in August and consensus is looking for Read more…
DXY: The DXY chart currently exhibits a bearish momentum. There’s a possibility for a bearish reaction off the 1st resistance at 106.02, leading to a drop towards the 1st support at 105.64. This 1st support Read more…
Daily Pivots: (S1) 0.6403; (P) 0.6425; (R1) 0.6447; More… Intraday bias in AUD/USD stays neutral at this point, as consolidation from 0.6356 is extending. Further decline is expected as long as 0.6520 resistance holds. Break Read more…