Markets We’re finally here. The US Fed took a first, bold step in paring back monetary restrictiveness after keeping rates steady for more than a year. The decision to cut by 50 bps (to 4.75-5%) Read more…
In focus today Today we will focus on multiple central bank monetary policy meetings. Norges Bank (NB) will announce its rate decision at 10.00 CET followed by a press conference at 10.30 CET. We believe Read more…
Daily Pivots: (S1) 186.51; (P) 187.28; (R1) 188.74; More… GBP/JPY’s break of 188.08 minor resistance suggest that fall from 193.45 has completed at 183.70 already. Rise from there is seen as the third leg of Read more…
Daily Pivots: (S1) 157.36; (P) 157.87; (R1) 158.69; More…. EUR/JPY’s break of 158.71 minor resistance suggests that fall form 163.89 has completed at 155.14 already. Rebound from there is seen as the third leg of Read more…
Daily Pivots: (S1) 0.8394; (P) 0.8424; (R1) 0.8443; More… Break of 0.8417 minor support suggests that consolidation pattern form 0.8399 has complete at 0.8463 already. Intraday bias is back on the downside in EUR/GBP. Break Read more…
Daily Pivots: (S1) 1.6389; (P) 1.6433; (R1) 1.6481; More… Intraday bias in EUR/AUD stays on the downside for 1.6256 support first. Firm break there will resume whole fall from 1.7180 to 61.8% projection of 1.7180 Read more…
Daily Pivots: (S1) 0.9386; (P) 0.9405; (R1) 0.9427; More…. Intraday bias in EUR/CHF stays neutral at this point. Break of 0.9380 minor support will turn bias to the downside for 0.9305. Further break there will Read more…
Daily Pivots: (S1) 1.3557; (P) 1.3590; (R1) 1.3639; More… Intraday bias in USD/CAD remains neutral for the moment. On the downside, break of 1.3545 minor support will suggest that recovery from 1.3439 has completed, and Read more…
Daily Pivots: (S1) 0.6731; (P) 0.6776; (R1) 0.6808; More… Intraday bias in AUD/USD is back on the upside with break of 0.6766 resistance. Further break of 0.6823 will confirm resumption of rally from 06348. Next Read more…
Daily Pivots: (S1) 1.1080; (P) 1.1135; (R1) 1.1172; More…. Intraday bias in EUR/USD is now on the upside with breach of 1.1153 resistance. Firm break of 1.1200 will resume larger rally from 1.0665 to 1.1274 Read more…