GBPJPY rebounds from its lowest level since July Gets capped by the 50-day SMA and Ichimoku cloud Momentum indicators suggest a cautiously bullish tone GBPJPY had been stuck in a prolonged uptrend since January, posting an eight-year Read more…
Daily Pivots: (S1) 181.89; (P) 182.85; (R1) 183.37; More… Intraday bias in GBP/JPY is turned neutral first with current retreat. Outlook is unchanged that pull back from 186.75 should have completed 178.02 already. Above 183.79 Read more…
Daily Pivots: (S1) 157.38; (P) 158.00; (R1) 158.34; More…. EUR/JPY retreated after hitting 158.60 and intraday bias is turned neutral first. Outlook is unchanged that pull back from 159.75 has probably completed with three waves Read more…
Daily Pivots: (S1) 0.8629; (P) 0.8641; (R1) 0.8659; More…. Intraday bias in EUR/GBP is turned neutral first but further decline is in favor with 0.8654 resistance intact. Below 0.8614 will resume the choppy fall form Read more…
Daily Pivots: (S1) 1.6574; (P) 1.6634; (R1) 1.6734; More… EUR/AUD’s rebound from 1.6319 resumed and the break of 1.6650 resistance argues that correction from 1.7062 has completed. That came after drawing support from medium term Read more…
Daily Pivots: (S1) 0.9546; (P) 0.9563; (R1) 0.9581; More… Intraday bias in EUR/CHF is back on the downside, as fall from 0.9691 resumed by breaking through 0.9557. Deeper fall would be seen to retest 0.9513 Read more…
Markets Yesterday, the focus was on the US CPI. After recent repositioning, the market reaction was telling. First the data. They were close to expectations, with headline CPI at 0.4% M/M and 3.7% Y/Y (0.3% Read more…
Market movers today The main release on the global radar today is US consumer confidence from University of Michigan, which also includes the 5-10 year inflation expectations that have dropped slightly in recent months to Read more…
US inflation data wasn’t very soothing for investors at yesterday’s release. The headline inflation remained steady at 3.7%, while initial jobless claims came in soft, after last Friday’s shocker NFP showed 336K new nonfarm job Read more…
Daily Pivots: (S1) 1.3613; (P) 1.3657; (R1) 1.3735; More…. USD/CAD’s break of 1.3675 minor resistance suggests that pull back from 1.3784 has completed at 1.3568 already. Intraday bias is back on the upside for retesting Read more…