EURJPY lost 12% from multi-year high Short-term bias skewed to the upside, but caution needed EURJPY remains under pressure, and risk is still on the downside as prices continue to drift lower after the failure Read more…
Germany’s GfK Consumer Sentiment for September took a sharper downturn than expected, falling from -18.6 to -22.0, below the anticipated -18.3. August saw significant drops in key indicators: economic expectations plummeted from 9.8 to 2.0, Read more…
Markets Interest rate markets were looking for a new short-term equilibrium for the post-Jackson Hole era yesterday. Early in the session, yields tried to build on Friday’s decline as Fed Chair Powel officially rubberstamped the Read more…
In focus today From the US, Conference Board’s consumer confidence index for August is due for release. The preliminary survey from the University of Michigan that was released earlier showed consumers turning increasingly optimistic about Read more…
The week started on mixed feelings. The rising geopolitical tensions in the Middle East, and between the West and China, and a pullback across the big technology stocks casted shadow on the optimism that the Read more…
Trading in the forex markets continued to be relatively subdued, as the initial buzz surrounding a Fed rate cut in September is quickly dissipating. Although there is still some speculation about the possibility of a Read more…
Daily Pivots: (S1) 1.1140; (P) 1.1171; (R1) 1.1192; More…. Intraday bias in EUR/USD stays neutral at this point for consolidations below 1.1200. Downside of retreat should be contained above 1.0007 resistance turned support to bring Read more…
Daily Pivots: (S1) 143.77; (P) 144.21; (R1) 144.98; More… Intraday bias in USD/JPY stays mildly on the downside despite loss of momentum. Fall from 149.35 should target 141.67 low. Firm break there will resume the Read more…
Daily Pivots: (S1) 1.3170; (P) 1.3197; (R1) 1.3215; More… Intraday bias in GBP/USD remain son the upside despite some loss of momentum. Current up trend should target 100% projection of 1.2298 to 1.3043 from 1.2664 Read more…
Daily Pivots: (S1) 0.8457; (P) 0.8472; (R1) 0.8487; More….. Intraday bias in USD/CHF remains on the downside for retesting 0.8431 support. Firm break there will resume whole decline from 0.9223 towards 0.8332 low. On the Read more…