Markets US November payrolls cemented the case for a 25 bps rate cut by the Fed. That scenario wasn’t completely discounted (70%) ahead of the numbers. While headline payrolls growth rebounded to 227k (with an Read more…
Bashar al-Assad’s regime fell over the weekend, Korean lawmakers prepare another impeachment attempt against their President who narrowly avoided removal after briefly imposing martial law last week, and France remains without a new presidential nominee. Read more…
In focus today In the euro area, the Sentix indicator will give us the first indication of the European investor confidence in December. Overnight, the Reserve Bank of Australia (RBA) will have a monetary policy Read more…
Daily Pivots: (S1) 1.4057; (P) 1.4111; (R1) 1.4211; More… Focus stays on 1.4177 resistance in USD/CAD. Decisive break there will resume larger up trend. Next target is 1.4391 projection level. Rejection by 1.4177 will delay Read more…
Daily Pivots: (S1) 0.6356; (P) 0.6407; (R1) 0.6441; More… Intraday bias in AUD/USD stays neutral a this point. Current fall from 0.6941 is in progress for 0.6348 support. Firm break there will target 0.6269 support Read more…
Daily Pivots: (S1) 149.33; (P) 150.01; (R1) 150.66; More… USD/JPY is staying in consolidation from 148.64 and intraday bias stays neutral. Further fall is in favor as long as 151.94 resistance holds. On the downside, Read more…
Daily Pivots: (S1) 0.8743; (P) 0.8781; (R1) 0.8825; More… Breach of 0.8796 support turned resistance suggests that USD/CHF’s corrective pullback from has completed at after drawing support from 55 D EMA (now at 0.8738). Intraday Read more…
Daily Pivots: (S1) 1.0530; (P) 1.0580; (R1) 1.0618; More… Intraday bias in EUR/USD is turned neutral again with current retreat. Rebound from 1.0330 short term bottom could still extend higher. But outlook will remain bearish Read more…
Daily Pivots: (S1) 1.2704; (P) 1.2758; (R1) 1.2793; More… Intraday bias in GBP/USD is turned neutral again with current retreat. Rebound from 1.2486 short term bottom could still extend higher. But outlook will stay bearish Read more…
Dollar and Yen saw modest recoveries in Asian session, driven by the cautious tone in financial markets as traders positioned themselves ahead of a crucial week for economic data and central bank announcements. Risk sentiment Read more…