Economic growth is slowing mostly in line with our expectations, but we think recession risks remain low. We make only marginal adjustments to our forecast profile and see 2024 GDP growth at 2.5% (from 2.3%) Read more…
September began on an ugly note, to say the least. The US equities tumbled after the latest ISM data showed a fifth month of contraction in the US manufacturing, and at accelerated pace. The latter Read more…
In focus today In the US, markets will pay close attention to the JOLTs labour market data for July. The Fed has highlighted the number of job vacancies as a key measure of labour market Read more…
Daily Pivots: (S1) 189.61; (P) 191.49; (R1) 192.66; More… Intraday bias in GBP/JPY is turned neutral first with current retreat. On the upside, above 193.45 will resume the rebound from 180.00 to 61.8% retracement of Read more…
Daily Pivots: (S1) 159.83; (P) 161.31; (R1) 162.13; More…. EUR/JPY is still bounded in range of 159.80/163.86 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) 0.8406; (P) 0.8420; (R1) 0.8435; More… EUR/GBP is staying in consolidation from 0.8399 and intraday bias remains neutral. Stronger recovery cannot be ruled out but further decline is expected as long as Read more…
Daily Pivots: (S1) 1.6346; (P) 1.6403; (R1) 1.6510; More… While EUR/AUD’s rebound from 1.6256 extended, upside is capped below 1.6580 resistance so far. Intraday bias remains neutral and fall from 1.7180 is still in favor Read more…
Daily Pivots: (S1) 0.9361; (P) 0.9403; (R1) 0.9430; More…. No change in EUR/CHF’s outlook and intraday bias stays neutral first. As noted before, rebound from 0.9209 could have completed at 0.9579 already. Deeper fall is Read more…
Daily Pivots: (S1) 1.1018; (P) 1.1051; (R1) 1.1075; More…. No change in EUR/USD’s outlook for now. While retreat from 1.1200 might extend lower, rally from 1.0665 is in favor to continue as long as 1.0947 Read more…
Daily Pivots: (S1) 1.3084; (P) 1.3119; (R1) 1.3150; More… Outlook in GBP/USD remains unchanged as consolidation from 1.3265 is still extending. Intraday bias remains neutral for the moment. While deeper retreat cannot be ruled out, Read more…