Daily Pivots: (S1) 0.9334; (P) 0.9355; (R1) 0.9367; More…. EUR/CHF recovered ahead of 0.9332 support as range trading continued. Intraday bias stays neutral for the moment. On the downside, break of 0.9332 will resume the Read more…
Markets Core bonds closed near/below Monday’s sell-off lows despite a very brief intraday rebound attempt. US yields closed up to 2 bps higher at the front end with German yields grinding 2.5 bps – 3.5 Read more…
In focus today Today the Bank of Canada announces its October monetary policy decision. Both markets and analysts are leaning towards a 50bp rate cut to 3.75% although it is a close call. Our base Read more…
Daily Pivots: (S1) 1.3805; (P) 1.3825; (R1) 1.3835; More… Further rally is expected in USD/CAD with 1.3746 support intact, despite loss of momentum as seen in 4H MACD. Current rise from 1.3418 should target 1.3946/76 Read more…
Daily Pivots: (S1) 0.6658; (P) 0.6676; (R1) 0.6702; More… Further decline is expected in AUD/USD as long as 0.6758 resistance holds. Firm break of 0.6621 support should confirm near term bearish reversal after topping at Read more…
Daily Pivots: (S1) 1.0782; (P) 1.0810; (R1) 1.0827; More… EUR/USD’s fall from 1.1213 resumed after brief consolidation and intraday bias is back on the downside. Next target is 61.8% retracement of 1.0447 to 1.1213 at Read more…
Daily Pivots: (S1) 1.2949; (P) 1.2982; (R1) 1.3019; More… Intraday bias in GBP/USD remains on the downside as fall from 1.3433 is in progress. Sustained trading below 1.3000 cluster support (38.2% retracement of 1.2298 to Read more…
Daily Pivots: (S1) 0.8639; (P) 0.8654; (R1) 0.8667; More… Intraday bias in USD/CHF is back on the upside with break of 0.8668 temporary top. Rise from 0.8374 is resuming for 38.2% retracement of 0.9223 to Read more…
Daily Pivots: (S1) 150.66; (P) 150.93; (R1) 151.36; More… USD/JPY’s rally from 139.57 accelerates higher today, and intraday bias stays on the upside for 61.8% retracement of 161.94 to 139.57 at 153.39. Decisive break there Read more…
Japanese Yen’s broad selloff intensified during the quiet Asian trading session today, with the currency continuing to weaken against major counterparts. A key factor behind Yen’s decline is the ongoing surge in US and European Read more…