Swiss GDP grew 0.3% qoq in Q3, above expectation of 0.1% qoq. SECO said: “The international environment remains challenging, with value added in industry stagnating accordingly. However, the service sector was once again able to Read more…
Markets Poor French growth and inflation data published at the start of European dealings caused European interest rate markets to try a new leg on recent bull run. Yields across the European/German curve touched new Read more…
$DAX cycle from 9.29.2022 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 9.29.2022 low, wave (1) ended at 16528.97 and dips in wave (2) ended at 14630.21. The Index Read more…
Earlier rally in WTI crude oil fizzled out ex-post OPEC+ meeting due to uncertainty over 2024 oil supply cut commitments from members. The strongest commitment came from Saudi Arabia where it will extend its its Read more…
Here we are, saying thanks and goodbye to the excellent month of November for both bond and equity markets. US bonds rallied, and the bond yields melted starting from the end of October remember, and Read more…
Market movers today The most important data release of the day will the November ISM Manufacturing index from the US. Consensus expects a modest rebound, as several other leading indicators for global manufacturing have shown Read more…
Daily Pivots: (S1) 1.0851; (P) 1.0917; (R1) 1.0956; More… Intraday bias in EUR/USD remains neutral as consolidation from 1.1016 is extending. As long as 1.0851 support holds, further rally is still expected. On the upside, Read more…
Daily Pivots: (S1) 147.21; (P) 147.86; (R1) 148.88; More… Intraday bias in USD/JPY remains neutral for the moment. On the upside, sustained break of 55 4H EMA (now at 148.54) will argue that corrective fall Read more…
Daily Pivots: (S1) 1.2582; (P) 1.2646; (R1) 1.2689; More… GBP/USD is staying in consolidation from 1.2731 and intraday bias remains neutral at this point. For now, further rally is in favor as long as 1.2426 Read more…
Daily Pivots: (S1) 0.8701; (P) 0.8736; (R1) 0.8787; More…. Intraday bias in USD/CHF remains neutral for the moment, and some more consolidations could be seen above 0.8716. Risk will stay on the downside as long Read more…