Markets Markets started the week with a guarded risk‐off bias as investors tried to assess the impact of the conflict between Hamas and Israel. However, with US bond markets closed (Columbus Day), the market dynamic Read more…
Oil prices surged more than 5% on Monday on rising geopolitical tensions in the Middle East. Rumours that Iran helped Hamas plan the attack added fuel to fire. Iran denied the allegations by the way, Read more…
Market movers today Focus continues to be on developments in the war between Israel and Hamas. On the data front we get US NFIB small business optimism index. We also have more Fed speakers on Read more…
The 4-week of decline from late August 2023 has reached a key inflection point where the CHF/JPY may kickstart another bullish impulsive up move within its major uptrend. Price actions of CHF/JPY have cleared above Read more…
Daily Pivots: (S1) 181.23; (P) 181.77; (R1) 182.29; More… Range trading continues in GBP/JPY and intraday bias stays neutral. On the upside, firm break of 183.00 will argue that the pull back from 187.65 has Read more…
Daily Pivots: (S1) 156.40; (P) 157.05; (R1) 157.58; More…. Range trading continues in EUR/JPY and intraday bias stays neutral at this point. On the upside, firm break of 158.464 will argue that the pull back Read more…
Daily Pivots: (S1) 0.8625; (P) 0.8642; (R1) 0.8651; More…. Range trading continues in EUR/GBP and intraday bias stays neutral. On the upside, decisive break of 0.8700 resistance will carry larger bullish implication and bring stronger Read more…
Daily Pivots: (S1) 1.6428; (P) 1.6529; (R1) 1.6584; More… Range trading continues in EUR/AUD and intraday bias stays neutral for the moment. On the downside, below 1.6446 minor support will bring retest of 1.6319. Break Read more…
Daily Pivots: (S1) 0.9556; (P) 0.9583; (R1) 0.9607; More… Intraday bias in EUR/CHF remains on the downside as fall from 0.9691 is extending. Deeper decline would be seen to retest 0.9513 low. Decisive break there Read more…
Daily Pivots: (S1) 1.3623; (P) 1.3684; (R1) 1.3725; More…. Intraday bias in USD/CAD is mildly on the downside as the pull back from 1.3784 extends. While deeper pull back cannot be ruled out, outlook will Read more…