In focus today In Denmark, October inflation data is due, with energy and food prices expected to drive up inflation to 1.7% y/y from 1.3% y/y in September. Similarly, Norway’s October inflation figures are released Read more…
Daily Pivots: (S1) 196.32; (P) 197.62; (R1) 198.50; More… Intraday bias in GBP/JPY remains neutral and more consolidations could be seen below 199.79. Further rally is expected as long as 55 D EMA (now at Read more…
Daily Pivots: (S1) 162.73; (P) 164.07; (R1) 164.94; More…. Intraday bias in EUR/JPY stays on the downside at this point. Fall from 166.67 short term topic could extend lower. Sustained trading below 55 D EMA Read more…
Daily Pivots: (S1) 0.8283; (P) 0.8305; (R1) 0.8317; More… Intraday bias in EUR/GBP remains on the downside as larger down trend is resuming. Next near term target is 61.8% projection of 0.8624 to 0.8294 from Read more…
Daily Pivots: (S1) 1.6198; (P) 1.6252; (R1) 1.6336; More… Intraday bias in EUR/AUD Remains neutral for the moment. For now, risk will stay mildly on the downside as long as 1.6598 holds, in case of Read more…
Daily Pivots: (S1) 0.9360; (P) 0.9393; (R1) 0.9420; More…. Intraday bias in EUR/CHF remains neutral as it’s staying inside converging triangle. On the downside, break of 0.9331 will target 0.9305 support first. Firm break there Read more…
SNB Vice President Antoine Martin conveyed a cautious stance on future monetary policy in an interview with Le Temps. While SNB indicated at its September meeting the readiness to cut interest rates further, Martin stressed Read more…
Daily Pivots: (S1) 1.3868; (P) 1.3898; (R1) 1.3939; More… Range trading continues in USD/CAD below 1.3958 and intraday bias remains neutral. Further rally is expected as long as 1.3822 support holds. On the upside, decisive Read more…
Daily Pivots: (S1) 0.6533; (P) 0.6608; (R1) 0.6657; More… Intraday bias in AUD/USD remains neutral for the moment. For now, further rise is mildly in favor as long as 0.6551 short term bottom holds. Above Read more…
Daily Pivots: (S1) 1.0667; (P) 1.0738; (R1) 1.0788; More… Intraday bias in EUR/USD remains neutral and more consolidations could be seen above 1.0681 temporary low. Outlook will stay bearish as long as 1.0936 resistance holds. Read more…