AUDUSD in the green again today, close to its 4-month high Aggressive move higher from the October lows Momentum indicators potentially ready to signal a reversal AUDUSD is trying to register a strong green candle Read more…
Markets Yesterday, first November EMU inflation data from Germany and Spain come out in line with market momentum. Spain HICP inflation declined 0.6% M/M easing the Y/Y measure from 3.5% to 3.2% (3.7% expected). Core Read more…
Market movers today Today we get the HICP inflation numbers for the euro area. After yesterday’s lower-than-expected Spanish and German prints, consensus expects the euro area figure at 2.5% y/y. At 14:30 FED’s preferred inflation Read more…
The rally in US bonds continued at full speed yesterday and bonds are set to record their best month since the GFC this November. The US 2-year yield tumbled to almost 4.60% yesterday from nearly Read more…
Daily Pivots: (S1) 0.8631; (P) 0.8647; (R1) 0.8657; More…. EUR/GBP’s break of 0.8648 support argues that corrective rebound from 0.8491 has completed at 0.8764 already. Intraday bias is now on the downside for 0.8614 support Read more…
Daily Pivots: (S1) 1.6514; (P) 1.6560; (R1) 1.6621; More… No change in EUR/AUD’s outlook and further fall is expected with 1.6662 resistance intact. Firm break of 1.6449 support will argue that the pattern from 1.6319 Read more…
Daily Pivots: (S1) 161.24; (P) 161.75; (R1) 162.00; More…. EUR/JPY is extending the corrective fall from 164.29 and intraday bias remains on the downside. Deeper decline would be seen to 100% projection of 164.29 tot Read more…
Daily Pivots: (S1) 186.51; (P) 187.02; (R1) 187.42; More… Intraday bias in GBP/JPY stays neutral for consolidation below 188.63. While deeper retreat cannot be ruled out, near term outlook will stay bullish as long as Read more…
November NBS Manufacturing & Non-Manufacturing PMIs for China came in weaker than expected. Recurring risk of the deflationary spiral in China has led to the underperformance of China & Hong Kong stock markets despite the Read more…
Daily Pivots: (S1) 1.3549; (P) 1.3582; (R1) 1.3623; More… A temporary low is formed at 1.3539 with current recovery and intraday bias is turned neutral first. Further decline is expected as long as 1.3653 support Read more…