Daily Pivots: (S1) 1.2085; (P) 1.2112; (R1) 1.2155; More GBP/USD is still extending the consolidation from 1.2036 and intraday bias remains neutral. Downside breakout is in favor with 1.2336 resistance intact. On the downside, decisive Read more…
Daily Pivots: (S1) 149.91; (P) 150.34; (R1) 150.85; More… Intraday bias in USD/JPY remains on the upside for the moment, with 149.85 minor support intact. Current rally, as part of the whole rise from 127.20, Read more…
Markets Bonds yesterday showed volatile swings after the release of a series of US data and the ECB policy decision. However, as was often the case of late, moves mostly mirrored internal market dynamics rather Read more…
Market movers today In Sweden, retail sales data for September will be released at 8.00 CET and it is possible that we will see a small decline m/m after five months of consecutive increases. This Read more…
Daily Pivots: (S1) 0.8960; (P) 0.8983; (R1) 0.9011; More…. Intraday bias in USD/CHF remains neutral at this point. On the upside, firm break of 0.9000 resistance will confirm short term bottoming at 0.8886. Intraday bias Read more…
Markets remained relatively subdued in today’s Asian trading session with Australian Dollar and Canadian Dollar showing modest strength. The pervasive risk-off sentiment that characterized the overnight U.S. stock market selloff did not extend into Asia, Read more…
DXY: The chart for DXY (US Dollar Index) currently shows a bearish momentum, suggesting the potential for a bearish continuation towards the 1st support level at 106.02. This support level is considered significant as it Read more…
US stocks underwent a marked decline overnight, with NASDAQ at the forefront, shedding -1.76% of its value. This follows closely on the heels of Wednesday’s downturn, where the tech-driven index recorded its most significant single-day Read more…
Key Highlights USD/JPY broke the 150.00 resistance and remains in a positive zone. A crucial bullish trend line is forming with support near 149.80 on the 4-hour chart. EUR/USD and GBP/USD turned lower and might Read more…
In Japan, Tokyo’s headline CPI unexpectedly accelerated from 2.8% yoy to 3.3% yoy in October. CPI core, which excludes the volatile prices of fresh food, also witnessed an acceleration, moving from 2.5% yoy to 2.7% Read more…