Month: October 2023

Amid the frenzy over expectations that the SEC will approve applications for spot bitcoin ETFs, the cryptocurrency market capitalization reached USD 1.25 trillion this morning, for the first time in 2023. Expectations have increased following Read more…

USD/JPY’s current year-to-date outperformance has started to dissipate based on a shorter-term one-month rolling basis. A disappointing Japan Services PMI (flash) for October has failed to ignite an intraday bullish movement in USD/JPY. Three main Read more…

Markets “We covered our bond short”. A tweet by the founder of Pershing Square Capital Management on X succeeded in doing what geopolitics, economic data, Fed speak and technical factors recently failed to do: trigger Read more…

We continue to see high volatility in the US sovereign papers near important psychological levels where investors are invited to decide what to do next. In this respect, the US 10-year yield shortly crossed above Read more…

Market movers today We will get October flash PMIs from euro area, UK and the US, which are widely expected to show that economic activity continues to slow down. Another release of interest today will Read more…

DXY: The DXY chart currently exhibits a bearish overall momentum, and there is a potential scenario for a bearish continuation towards the 1st support level. The 1st support at 105.38 is considered significant as it Read more…

Daily Pivots: (S1) 182.46; (P) 182.94; (R1) 183.83; More… Intraday bias in GBP/JPY remains neutral and further rise is expected with 181.00 support intact. The favored case is still that correction from 186.75 has completed Read more…

Daily Pivots: (S1) 0.8697; (P) 0.8712; (R1) 0.8725; More…. EUR/GBP is staying in consolidation from 0.8739 and intraday bias remains neutral. Downside of retreat should be contained well above 0.8614 support to bring another rally. Read more…