In focus today In Germany, we get the ZEW index for October, which will give an update on how investors asses the economic situation in Germany. In September, the assessment of the current situation declined Read more…
In September, UK payrolled employment decreased -15k or -0.0% mom, but increased by 113k or 0.4% yoy, to 30.3m. Median monthly pay rose 5.3% yoy, down from prior 6.0% yoy, but stays well above June’s Read more…
Daily Pivots: (S1) 1.3768; (P) 1.3786; (R1) 1.3816; More… USD/CAD’s rally from 1.3418 is in progress and intraday bias remains on the upside, As noted before, corrective fall from 1.3946 should have completed at 1.3418 Read more…
Daily Pivots: (S1) 0.6703; (P) 0.6725; (R1) 0.6747; More… AUD/USD is staying in consolidation above 0.6701 temporary low and intraday bias stays neutral. Further decline is expected as long as 0.6809 minor resistance holds. On Read more…
Daily Pivots: (S1) 149.20; (P) 149.59; (R1) 150.15; More… Intraday bias in USD/JPY stays on the upside as rise from 139.57 is in progress. This rally is seen as the second leg of the corrective Read more…
Daily Pivots: (S1) 1.3035; (P) 1.3054; (R1) 1.3077; More… Outlook in GBP/USD remains unchanged and intraday bias stays neutral first. Strong support should be seen from 1.3000 cluster support (38.2% retracement of 1.2298 to 1.3433 Read more…
Risk sentiment in Asia was mixed today. Japan’s Nikkei 225 index extended its rally and broke above the 40k mark for the first time in three months. This momentum firstly follows another record close on Read more…
Key Highlights GBP/USD started a fresh decline below the 1.3120 support zone. A connecting bearish trend line is forming with resistance at 1.3070 on the 4-hour chart. EUR/USD extended losses and traded below the 1.0920 Read more…
Cryptocurrencies rallied overnight on growing optimism that regulatory environment for digital assets in the US may improve following the upcoming presidential election in November. This boost in sentiment was initially driven by a rise in Read more…
In a speech overnight, Fed Governor Christopher Waller provided noted that recent economic data has been “uneven,” with both positive signals and areas of concern, but emphasized that the US economy remains on “solid footing.” Read more…