Swiss KOF Economic Barometer declined sharply from 104.5 to 99.5 in October, missing the expected 105.0 and falling below the 100-point threshold for the first time since January. This shift suggests a weakening outlook for Read more…
USDJPY tests 3-month high again and again Remains well above 200-day SMA Stochastic and RSI look overbought USDJPY is failing to have a closing session beyond the 61.8% Fibonacci retracement level of the down leg Read more…
Markets UK gilts underperformed yesterday. Yields with maturities ranging from the 2-yr (+5.1 bps) to the 10-yr (+6.1 bps) all hit five month and post-election highs. The spring Budget, due to be presented later today, Read more…
Big Tech investors weren’t disappointed on Tuesday, as Alphabet announced better than expected results after the bell. The Google’s parent Alphabet saw its revenue rise 15% from the same time last year, ad revenue grew Read more…
In focus today In the US, ADP’s October private sector employment report and flash Q3 GDP will be released in the afternoon. ADP’s figures could provide some early hints of what to expect from Friday’s Read more…
Daily Pivots: (S1) 1.0783; (P) 1.0804; (R1) 1.0840; More… Intraday bias in EUR/USD remains neutral as consolidations continues above 1.0760. Further decline is expected as long as 1.0871 resistance holds. Below 1.0760 will target 61.8% Read more…
Daily Pivots: (S1) 152.80; (P) 153.33; (R1) 153.92; More… No change in USD/JPY’s outlook and intraday bias stays on the upside. Sustained trading above 61.8% retracement of 161.94 to 139.57 at 153.39 will pave the Read more…
Daily Pivots: (S1) 1.2976; (P) 1.2996; (R1) 1.3033; More… Intraday bias in GBP/USD remains neutral as GBP/USD is still extending consolidations above 1.2906. Further decline is expected as long as 1.3070 minor resistance holds. Below Read more…
Daily Pivots: (S1) 0.8646; (P) 0.8672; (R1) 0.8700; More… Intraday bias in USD/CHF remains neutral and more consolidations could be seen below 0.8699 temporary top. But further rally remains in favor as long as 55 Read more…
Daily Pivots: (S1) 0.6539; (P) 0.6567; (R1) 0.6589; More… Intraday bias in AUD/USD remains on the downside, as decline from 0.6941 is in progress for 61.8% retracement of 0.6269 to 0.6941 at 0.6526. Sustained break Read more…