Short Term Elliott Wave View in GBPUSD suggests decline from 9.26.2024 high is in progress as a zigzag structure. Down from 9.26.2024 high, wave A ended at 1.284. Wave B bounce ended at 1.3047 as Read more…
Daily Pivots: (S1) 193.72; (P) 195.23; (R1) 196.09; More… Intraday bias in GBP/JPY remains neutral at this point. On the upside, break of 199.79 will resume whole rebound from 180.00. However, firm break of 193.54 Read more…
Daily Pivots: (S1) 163.11; (P) 163.93; (R1) 164.71; More…. EUR/JPY’s fall from 166.67 is resuming by breaching 161.48 temporary low. Intraday bias is back on the downside for 155.14 support. Corrective rebound from For now, Read more…
Daily Pivots: (S1) 0.8311; (P) 0.8326; (R1) 0.8335; More… Intraday bias in EUR/GBP remains neutral and outlook is unchanged. Further fall is expected with 0.8446 resistance intact. On the downside, below 0.8306 minor support will Read more…
Daily Pivots: (S1) 1.6041; (P) 1.6127; (R1) 1.6172; More… Intraday bias in EUR/AUD stays on the downside, and fall from 1.6598 is in progress for 1.5996/6002 key support zone. Decisive break there will carry larger Read more…
Daily Pivots: (S1) 0.9270; (P) 0.9297; (R1) 0.9314; More…. EUR/CHF’s fall resumed through 0.9303 temporary low and intraday bias is back on the downside. Further fall should now be seen to retest 0.9209 low next. Read more…
Markets This week’s consolidation pattern on bond markets simply continued yesterday. Lower weekly jobless claims (213k) and a disappointing November Philly Fed Business outlook balanced each other out data wise. US yields added 3.3 bps Read more…
Moodiness due to a lack of a strong post-earnings rally from Nvidia remained short-lived. Investors rapidly shrugged off the company’s warning that the profit margin will dip to 73% on manufacturing challenges of the Blackwell Read more…
In focus today Today, in the euro area we receive November PMIs, an important factor for the ECB decision in December. The growth momentum has recently decreased, particularly driven by a slowdown in Germany. We Read more…
UK retail sales volumes plunged by -0.7% mom in October, significantly underperforming expectations of a -0.3% mom decline. Also, volumes remained -1.5% below their pre-pandemic level in February 2020. On a broader basis, retail activity Read more…