Daily Pivots: (S1) 0.9352; (P) 0.9370; (R1) 0.9395; More…. No change in EUR/CHF’s outlook as range trading continues. Intraday bias bias stays neutral. On the downside, break of 0.9331 will target 0.9305 support first. Firm Read more…
Markets Markets tried to extend the Trump trade yesterday after higher US October producer price inflation and solid (low) weekly jobless claims. They sparked a reaction higher in the dollar and lower in US Treasuries. Read more…
Daily Pivots: (S1) 1.0490; (P) 1.0536; (R1) 1.0576; More… A temporary low is formed at 1.0495 in EUR/USD, just ahead of 100% projection of 1.1213 to 1.0760 from 1.0936 at 1.0483. Intraday bias is turned Read more…
Daily Pivots: (S1) 1.2623; (P) 1.2674; (R1) 1.2719; More… GBP/USD’s fall from 1.3433 is still in progress and intraday bias stays on the downside. Next target is 100% projection of 1.3433 to 1.2842 to 1.3047 Read more…
Daily Pivots: (S1) 0.8861; (P) 0.8890; (R1) 0.8932; More… USD/CHF’s rally is still in progress and intraday bias stays on the upside. Sustained break of 61.8% retracement of 0.9223 to 0.8374 at 0.8899 will pave Read more…
Daily Pivots: (S1) 155.60; (P) 156.01; (R1) 156.68; More… USD/JPY’s rally is still in progress and intraday bias stays on the upside. Current rise from 139.57 should target 61.8% projection of 141.63 to 153.87 from Read more…
Daily Pivots: (S1) 0.6431; (P) 0.6465; (R1) 0.6488; More… Intraday bias in AUD/USD remain son the downside for the moment. Current fall from 0.6941 should target 61.8% projection of 0.6941 to 0.6511 from 0.6687 at Read more…
Federal Reserve’s (Fed) Jerome Powell, who leads a team that started cutting the interest rates with a 50bp point in September by fear that the US jobs market would deteriorate quickly and added another layer Read more…
In focus today From the US, October retail sales and industrial production data will provide markets with the latest hard evidence of the health of the US consumer and manufacturing sectors. We expect that with Read more…
Key insights from the week that was. In Australia, the latest Westpac-MI Consumer Sentiment Survey provided another encouraging update on the health of the consumer. An impressive 11.8% rebound over the past two months has Read more…