Daily Pivots: (S1) 1.6450; (P) 1.6492; (R1) 1.6518; More… Intraday bias in EUR/AUD is turned neutral first with current recovery. On the downside, break of 1.6449 will target 1.6319 support first. Firm break there will Read more…
Daily Pivots: (S1) 0.9626; (P) 0.9639; (R1) 0.9653; More… While EUR/CHF is losing upside momentum as seen in 4H MACD, further rise is still expected with 0.9564 support holds. Current rebound from 0.9416 should target Read more…
RBA hiked the official cash rate by 25 bps to 4.35% as expected. Revised up slightly projected year-end 2024 Australia CPI inflation to be around 3.5% from 3.25% previously forecasted in August. AUD/USD has declined Read more…
As we expected, the RBA Board raised the cash rate target by ¼ percentage point to 4.35%. Their inflation outlook is stronger, and so is their outlook for the labour market. But follow-up increases in Read more…
The US bond yields rebounded, and the equity rally slowed on Monday. The US 10-year rebound from last Friday low, and the S&P500 consolidate gains near three-week highs. There are divergent opinions regarding whether last Read more…
Market movers today Today we have a light calendar with no tier-1 data releases. In the euro area, we receive September PPI figures. Producer prices have dropped like a stick this year after the sharp Read more…
Daily Pivots: (S1) 1.0703; (P) 1.0730; (R1) 1.0743; More… Intraday bias in EUR/USD is turned neutral with current retreat, and some consolidations could be seen. But further rally is in favor as long as 55 Read more…
Daily Pivots: (S1) 1.2312; (P) 1.2370; (R1) 1.2402; More Intraday bias in GBP/USD is turned neutral with current retreat and some consolidations could be seen first. Further rise is in favor as as long as Read more…
Daily Pivots: (S1) 0.8967; (P) 0.8982; (R1) 0.9010; More…. Intraday bias in USD/CHF is turned neutral with current recovery. On the downside, below 0.8952 will target a test on 0.8886 support first. Break there will Read more…
Daily Pivots: (S1) 149.59; (P) 149.83; (R1) 150.33; More… Intraday bias in USD/JPY stays neutral as consolidation from 151.69 is extending. Further rally is expected as long as 148.79 support holds. Firm break of 151.69 Read more…