Daily Pivots: (S1) 1.3477; (P) 1.3502; (R1) 1.3540; More… Intraday bias in USD/CAD remains neutral for the moment. While recovery from 1.3418 might extend higher, outlook will stay bearish as long as 1.3646 resistance holds. Read more…
Swiss KOF Economic Barometer edged higher in September, rising from 105.0 to 105.5, surpassing market expectations of 102.0. This modest increase reflects a slow but steady recovery in the Swiss economy, with KOF noting that Read more…
Daily Pivots: (S1) 0.9348; (P) 0.9413; (R1) 0.9449; More…. Intraday bias in EUR/CHF stays neutral for the moment. On the upside, above 0.9506 will resume the rebound from 0.9305 to 0.9579 resistance. However, break of Read more…
Daily Pivots: (S1) 0.8330; (P) 0.8340; (R1) 0.8358; More… Intraday bias in EUR/GBP remains neutral for the moment, and more consolidations could be seen above 0.8316. Outlook will stay bearish as long as 0.8399 support Read more…
Daily Pivots: (S1) 1.6112; (P) 1.6181; (R1) 1.6245; More… Intraday bias in EUR/AUD remains on the downside. Fall from 1.7180 is in progress for 61.8% projection of 1.7180 to 1.6256 from 1.6629 at 1.6058, and Read more…
Daily Pivots: (S1) 188.10; (P) 192.03; (R1) 194.06; More… GBP/JPY’s break of 190.11 support suggests that corrective pattern from 180.00 has completed with three waves up to 195.95 already. Intraday bias is now on the Read more…
Markets We have a big day and big week ahead in terms of eco data and central bank speeches. EMU headline inflation (tomorrow) is on track to drop below the ECB’s 2% inflation target for Read more…
The week kicked off with another bull run in Chinese stocks on further stimulus news. This time, three major cities announced to ease homebuying rules to prop up their housing market. The Chinese Communications Constructions Read more…
In focus today Focus is on the German inflation data for September. Last week both the French and the Spanish inflation prints came in lower than expected and it will be very interesting to see Read more…
Key Highlights EUR/USD started a consolidation phase below the 1.1200 resistance. A key bullish trend line is forming with support at 1.1145 on the 4-hour chart. Gold rallied to a new high near $2,685 before Read more…