Daily Pivots: (S1) 1.3463; (P) 1.3521; (R1) 1.3555; More… Intraday bias in USD/CAD is turned neutral first with current recovery, and some consolidations could be seen above 1.3479 temporary low. Still, further decline is expected Read more…
Daily Pivots: (S1) 1.0838; (P) 1.0875; (R1) 1.0922; More… Intraday bias in EUR/USD remains mildly on the downside at this point. Fall from 1.1016 short term top should extend to 55 D EMA (now at Read more…
Daily Pivots: (S1) 1.2645; (P) 1.2680; (R1) 1.2747; More… Intraday bias in GBP/USD remains neutral and consolidation from 1.2731 could extend further. But further rally is expected as long as 1.2590 minor support holds. On Read more…
Daily Pivots: (S1) 0.8657; (P) 0.8713; (R1) 0.8746; More…. Intraday bias in USD/CHF is turned neutral first with current recovery. But another fall is in favor as long as 0.8769 minor resistance holds. Below 0.8665 Read more…
Swiss CPI fell -0.2 mom in November, below expectation of -0.1% mom. Core CPI (excluding fresh and seasonal products, energy and fuel), was flat at 0.0% mom. Domestic products prices was flat at 0.0% mom. Read more…
Markets The November yield correction found an easy way in at the start of the final month of the year through a disappointing US manufacturing ISM. The headline figure stabilized at 46.7 instead of improving Read more…
Today’s early Asian session’s swift rally to a fresh all-time high is likely to be driven by a thin liquidity trading environment rather than the Israel-Hamas geopolitical war risk premium. Spot Gold’s portfolio hedging role Read more…
The Federal Reserve (Fed) President Jerome Powell pushed back against the rate cut bets at his speech given in Atlanta last Friday. He is of course playing the card of ‘high for long’ rates to Read more…
Market movers today There are no market movers today in the calendar. This week focus will be on US data releases with both the November jobs report, ISM services, and the University of Michigan survey Read more…
Daily Pivots: (S1) 146.20; (P) 147.27; (R1) 147.88; More… Intraday bias in USD/JPY is back on the downside with break of 146.65 temporary low. Fall from 151.89 is in progress and should target 145.06 key Read more…