Daily Pivots: (S1) 185.34; (P) 186.72; (R1) 187.71; More… GBP/JPY’s fall from 193.45 extends lower today and intraday bias stays on the downside for retesting 180.00 low. Break there will resume whole fall from 208.09. Read more…
Daily Pivots: (S1) 156.31; (P) 157.47; (R1) 158.15; More…. Intraday bias in EUR/JPY remains on the downside as fall from 163.86 is extending lower. Retest of 154.40 low should be seen first. Firm break there Read more…
Daily Pivots: (S1) 0.8417; (P) 0.8432; (R1) 0.8441; More… No change in EUR/GBP’s outlook as consolidation from 0.8399 is still in progress. Intraday bias stays neutral. Further decline is expected with 0.8466 resistance intact. On Read more…
Daily Pivots: (S1) 1.6536; (P) 1.6568; (R1) 1.6596; More… Further rally is expected in EUR/AUD with 1.6457 support intact, despite loss of momentum. Rebound from 1.6256 is expected to continue to retest 17180 high. On Read more…
Daily Pivots: (S1) 0.9312; (P) 0.9346; (R1) 0.9366; More…. EUR/CHF’s fall from 0.9579 extends lower today. Intraday bias remains on the downside for retesting 0.9029 low. Firm break there will resume larger down trend. On Read more…
Markets Momentum changed yesterday from the US opening as core bonds steamed ahead. The move was triggered by another sudden drop in oil prices. Brent crude prices opened around $72/b, but a break below the Read more…
The UK economy showed no growth in July, marking a disappointing performance after also stagnating in June. The flat 0.0% mom reading fell short of expectations for 0.2% increase. Breaking down the numbers, services sector—typically Read more…
The barrel of US crude tumbled almost 4% to nearly $65pb level, as Brent crude slipped below the $70pb mark after OPEC – which is normally optimistic – lowered its demand forecast for the second Read more…
In focus today In the US, the August CPI is due, where we forecast headline inflation to ease to 0.1% m/m SA (2.5% y/y), while core inflation is expected to remain steady at 0.2% m/m Read more…
Daily Pivots: (S1) 1.3570; (P) 1.3593; (R1) 1.3633; More… USD/CAD’s recovery is still limited by 1.3617 resistance and intraday bias remains neutral. Further decline will remain in favor as long as 1.3617 resistance holds. On Read more…