Daily Pivots: (S1) 1.3459; (P) 1.3475; (R1) 1.3500; More… USD/CAD continues to consolidate above 1.3439 temporary low and intraday bias remains neutral. Upside of recovery should be limited below 1.3617 resistance to bring another fall. Read more…
Markets Fixed income and FX markets yesterday had to cope with a divergent message from EMU and US data. German and Spanish August headline inflation slowed more than expected (German HICP -0.2% M/M and 2.0% Read more…
Yesterday was could’ve been worse. A more than 6% drop in Nvidia somehow limited the S&P500 gains, but many stocks in the S&P500 gained yesterday after the latest GDP update came in better than expected Read more…
In focus today We expect the euro area inflation data today to show that headline inflation eased to 2.2% y/y in August from 2.6% in July, driven by base effects on energy prices. We see Read more…
The Australian dollar continues to have a quiet week. AUD/USD is trading at 0.6804 in the European session, up 0.09% today at the time of writing. Australian retail sales stagnate Consumer spending in Australia has Read more…
Daily Pivots: (S1) 0.9361; (P) 0.9380; (R1) 0.9407; More…. A temporary low is formed at EUR/CHF at 0.9351, inch above 61.8% retracement of 0.9209 to 0.9579 at 0.9350. Intraday bias is turned neutral for some Read more…
Daily Pivots: (S1) 190.24; (P) 190.85; (R1) 191.33; More… GBP/JPY continues to stay in range below 191.99 and intraday bias remains neutral. On the upside, above 191.99 will target 61.8% retracement of 208.09 to 180.00 Read more…
Daily Pivots: (S1) 160.00; (P) 160.63; (R1) 161.24; More…. EUR/JPY continues to stay in range below 163.86 and intraday bias remains neutral. On the upside, break of 163.86 will target 61.8% retracement of 175.41 to Read more…
Daily Pivots: (S1) 1.6234; (P) 1.6319; (R1) 1.6379; More… EUR/AUD’s fall from 1.7180 is in progress and intraday bias stays on the downside for 1.5996 support. Strong support could be seen there to bring rebound. Read more…
Daily Pivots: (S1) 0.8399; (P) 0.8417; (R1) 0.8430; More…. EUR/GBP’s fall from 0.8624 is still in progress and intraday bias stays on the downside for retesting 0.8382 low. Strong support could be seen from there Read more…