Markets US bond yields surged after having had the day off on Monday for Veteran’s Day. Net daily changes varied between 8.7 and 13.1 bps across the curve spectrum as President-elect Trump’s reflationary politics continue Read more…
Daily Pivots: (S1) 1.0591; (P) 1.0627; (R1) 1.0659; More… Intraday bias in EUR/USD remains on the downside for the moment. Fall from 1.1213 should target 100% projection of 1.1213 to 1.0760 from 1.0936 at 1.0483. Read more…
Daily Pivots: (S1) 1.2685; (P) 1.2781; (R1) 1.2843; More… Intraday bias in GBP/USD stays on the downside at this point. Decisive break of 61.8% retracement of 1.2298 to 1.3433 at 1.2732 will extend the decline Read more…
Daily Pivots: (S1) 0.8780; (P) 0.8808; (R1) 0.8845; More… Intraday bias in USD/CHF stays on the upside for the moment. Current rise from 0.8374 should target 61.8% retracement of 0.9223 to 0.8374 at 0.8899. Sustained Read more…
Daily Pivots: (S1) 153.72; (P) 154.32; (R1) 155.23; More… USD/JPY’s rally resumed by breaking 154.70 and intraday bias is back on the upside. Current rise from 139.57 will 61.8% projection of 141.63 to 153.87 from Read more…
Daily Pivots: (S1) 0.6505; (P) 0.6543; (R1) 0.6573; More… Intraday bias in AUD/USD remains neutral for the moment. On the upside, above 0.6597 minor resistance will turn bias back to the upside for 0.6687 first. Read more…
The US yields pushed higher and the dollar rally gained further momentum yesterday, as investors continued to surf on the idea that Donald Trump’s pro-growth policies and tariffs would boost inflation in the US and Read more…
In focus today Today’s most important data release will be the US October CPI, where we expect inflation to slow down in both headline (+0.1% m/m SA, from +0.2%) and core (+0.2% m/m SA, from Read more…
Daily Pivots: (S1) 1.3918; (P) 1.3943; (R1) 1.3969; More… USD/CAD breached 1.3958 briefly but upside is capped below 1.3976 key resistance. Intraday bias stays neutral first. Further rise is is expected as long as 1.3822 Read more…
The financial markets are intently focused today on US inflation data. Expectations are that both the headline CPI and core CPI remained unchanged in October from the previous month’s readings of 2.4% and 3.3%, respectively. Read more…