Daily Pivots: (S1) 150.51; (P) 150.79; (R1) 151.25; More… Range trading continues in USD/JPY and intraday bias remains neutral. Further rally is expected as long as 148.79 support holds. Firm break of 151.69 high will Read more…
Daily Pivots: (S1) 0.8973; (P) 0.8998; (R1) 0.9020; More…. Range trading continues above 0.8952 and intraday bias in USD/CHF stays neutral. On the downside, below 0.8952 will target a test on 0.8886 support first. Break Read more…
Markets Curve inversion/outperformance of the long end was the name of the game on core bond markets yesterday. US yields ceded between 1.4 bps (2-y) and 11 bps (30-y). The US 10-y yield closed near Read more…
US bond traders are getting ahead of themselves, and it’s about to become a serious problem for the Federal Reserve’s (Fed) ‘last mile’ efforts – as the Fed officials should think carefully how to contain Read more…
Market movers today With no market movers in the calendar focus will be on central bank comments as both Lagarde and Powell will speak this evening. The 60 second overview China: Chinese economies remains on Read more…
Daily Pivots: (S1) 0.6384; (P) 0.6417; (R1) 0.6435; More… Intraday bias in AUD/USD stays neutral with focus on 0.6411 support and 55 4H EMA. On the downside, firm break of 0.6411 will indicate rejection by Read more…
Daily Pivots: (S1) 1.3760; (P) 1.3787; (R1) 1.3820; More… Intraday bias in USD/CAD remains mildly on the upside at this point. Rebound from 1.3627 is in progress for retesting 1.3897 resistance. On the downside, below Read more…
Daily Pivots: (S1) 0.9607; (P) 0.9621; (R1) 0.9645; More… Intraday bias in EUR/CHF remains neutral as consolidation from 0.9651 is extending. Further rally is in favor as long as 0.9564 minor support holds. Above 0.9651 Read more…
Daily Pivots: (S1) 0.8698; (P) 0.8708; (R1) 0.8727; More…. Intraday bias in EUR/GBP stays neutral for the moment. Consolidation from 0.8752 could extend with another falling leg. But in that case, downside should be contained Read more…
Daily Pivots: (S1) 1.6622; (P) 1.6676; (R1) 1.6781; More… While EUR/AUD’s rebound from 1.6449 extends, it’s capped below 1.6843 resistance so far. Near term outlook is mixed and intraday bias stays neutral. On the downside, Read more…