Daily Pivots: (S1) 1.3696; (P) 1.3737; (R1) 1.3795; More… USD/CAD is staying in consolidation from 1.3897 and intraday bias remains neutral at this point. While another fall cannot be ruled out, downside should be contained Read more…
Daily Pivots: (S1) 0.6448; (P) 0.6485; (R1) 0.6508; More… Intraday bias in AUD/USD remains neutral for consolidations below 0.6541. Downside should be contained by 55 4H EMA (now at 0.6437) to bring rebound. Break of Read more…
Daily Pivots: (S1) 1.0823; (P) 1.0860; (R1) 1.0889; More… EUR/USD retreated back to established range and intraday bias remains neutral. Some more consolidation could be seen but downside of retreat should be contained by 1.0755 Read more…
Daily Pivots: (S1) 1.2375; (P) 1.2416; (R1) 1.2454; More… Intraday bias in GBP/USD remains neutral for the moment. Consolidation from 1.2504 is extending and deeper retreat could be seen. But downside should be contained by Read more…
Daily Pivots: (S1) 150.20; (P) 150.82; (R1) 151.34; More… Range trading continues in USD/JPY and intraday bias stays neutral. Further rally is in favor as long as 149.17 support holds. On the upside, decisive break Read more…
Markets The US yield curve hit a weekly low yesterday with declines ranging between 7.4 and 10.3 bps. Wednesday’s unconvincing rebound was indeed a head fake and got fully erased a day later on a Read more…
This week could hardly be better in terms of economic, political, and geopolitical news. The US inflation slowed more than expected, the US politicians inked a short-term deal to avert a shutdown. On top, the Read more…
Market movers today In Sweden, the October LFS labour market report will give some clues about the severity of underlying trends in the labour market. Recent seasonally adjusted data shows a drop in employment, a Read more…
UK retail sales volume fell -0.3% mom in September, much worse than expectation of 0.3 mom rise. Ex-automotive fuel sales volume fell -0.1% mom. Looking broader, sales volumes (include and excluding fuel) fell by -1.1% Read more…
Daily Pivots: (S1) 0.8837; (P) 0.8933; (R1) 0.8988; More…. A temporary low is formed at 0.8853 and intraday bias in USD/CHF is turned neutral for consolidations. Stronger recovery cannot be ruled out. But upside should Read more…