Daily Pivots: (S1) 157.73; (P) 158.18; (R1) 158.89; More…. Intraday bias in EUR/JPY remains neutral at this point. Outlook is also unchanged that correction from 159.75 should have completed at 154.32. Above 158.60 will resume Read more…
Daily Pivots: (S1) 0.8651; (P) 0.8671; (R1) 0.8701; More…. Intraday bias in EUR/GBP stays neutral first. On the upside, decisive break of 0.8700/4 resistance will resume the rebound from 0.8491, and carry larger bullish implications. Read more…
Daily Pivots: (S1) 1.6568; (P) 1.6620; (R1) 1.6666; More… Intraday bias in EUR/AUD stays neutral and outlook is unchanged. Correction from 1.7062 should have completed at 1.6319. Above 1.6704 will resume the rise from 1.6319 Read more…
Daily Pivots: (S1) 0.9503; (P) 0.9518; (R1) 0.9538; More… EUR/CHF is extending the consolidation form 0.9455 and intraday bias remains neutral. Further decline is expected with 0.9557 resistance intact. Below 0.9455 will resume larger decline Read more…
China’s Q3 GDP, Retail Sales, and Industrial Production for September beat expectations. China’s Country Garden is still at risk of an imminent default as its grace period of overdue bond coupon payments of US$15.4 million Read more…
US retail sales beat expectations, fueled Federal Reserve (Fed) hawks and bets of another rate hike in December – or January – yesterday. The US 2-year yield spiked to a fresh high since 2007, and Read more…
UK CPI was unchanged at 6.7% yoy in September, above expectation of slowing to 6.6% yoy. CPI core (excluding energy, food, alcohol and tobacco) slowed from 6.2% yoy to 6.1% yoy, above expectation of 6.0% Read more…
Market movers today UK September CPI is due for release this morning, consensus expects core inflation to continue moderating to 6.0% in y/y terms after the downside surprise in August. Final inflation data will also Read more…
Daily Pivots: (S1) 1.0541; (P) 1.0568; (R1) 1.0603; More… Intraday bias in EUR/USD remains neutral for the moment. Outlook stays bearish with 1.0639 resistance intact. On the downside, firm break of 1.0447 will resume whole Read more…
Daily Pivots: (S1) 1.2137; (P) 1.2178; (R1) 1.2222; More GBP/USD is still extending the consolidation form 1.2036 and intraday bias stays neutral. On the downside, decisive break of 1.2036 will resume whole decline from 1.3141 Read more…