In focus today In the US, the University of Michigan’s preliminary consumer sentiment survey for September is due. With underlying inflation moderating and short-term market-based inflation expectations declining with global oil prices it will be Read more…
The European Central Bank (ECB) yesterday lowered its deposit facility rate by 25bp for the second time this year (and its other two rates by 60bp, but that was just a technical twist that meant Read more…
Daily Pivots: (S1) 185.39; (P) 186.07; (R1) 186.84; More… Intraday bias in GBP/JPY remains neutral for the moment. Further decline is expected as long as 189.77 resistance holds. Below 183.70 will bring retest of 180.00 Read more…
Daily Pivots: (S1) 156.56; (P) 157.04; (R1) 157.55; More…. Intraday bias in EUR/JPY remains neutral and further decline is expected as long as 160.01 support turned resistance holds. Below 155.45 will bring retest of 154.40 Read more…
Daily Pivots: (S1) 0.8429; (P) 0.8443; (R1) 0.8451; More… EUR/GBP is still bounded in consolidation from 0.8399 and intraday bias remains neutral. Stronger recovery might be seen but upside should be limited by 38.2% retracement Read more…
Daily Pivots: (S1) 1.6437; (P) 1.6488; (R1) 1.6524; More… Intraday bias in EUR/AUD remains neutral at this point. Rebound from 1.6256 is still in favor to continue as long as 1.6457 support holds. Above 0.6629 Read more…
Daily Pivots: (S1) 0.9393; (P) 0.9413; (R1) 0.9448; More…. Intraday bias in EUR/CHF remains neutral for the moment. Deeper decline is still expected with 0.9444 resistance intact. Below 0.9305 will resume the fall from 0.9579 Read more…
Daily Pivots: (S1) 1.3562; (P) 1.3584; (R1) 1.3602; More… Intraday bias in USD/CAD remains neutral first and further decline is in favor. On the downside, below 1.3545 minor support will bring retest of 1.3439 low Read more…
Daily Pivots: (S1) 0.6678; (P) 0.6702; (R1) 0.6747; More… Intraday bias in AUD/USD remains neutral for the moment. Some more consolidations could still be seen. On the upside, break of 0.6766 resistance will suggest that Read more…
Daily Pivots: (S1) 1.1028; (P) 1.1052; (R1) 1.1099; More…. EUR/USD rebounded strongly ahead of 38.2% retracement of 1.0665 to 1.1200 at 1.0996 but stays below 1.1153 resistance. Intraday bias remains neutral first. Outlook stays bullish Read more…