Daily Pivots: (S1) 1.2442; (P) 1.2554; (R1) 1.2614; More… GBP/USD’s breach of 1.2486 support suggests that fall from 1.3433 is resuming. Intraday bias stays on the downside, and deeper fall would be seen to 1.2298 Read more…
Daily Pivots: (S1) 0.8951; (P) 0.8990; (R1) 0.9027; More… Intraday bias in USD/CHF is turned neutral first with current retreat and some consolidations would be seen below 0.9020 temporary top. But further rally is expected Read more…
USDCHF remains in bullish bias RSI suggest overstretched market USDCHF has added more than 7% since the end of September, sending the price to a new five-month high of 0.9020. However, the pair is currently Read more…
Markets Front end US yields returned a few bps of the sharp Fed-induced gains yesterday but the long end extended its march higher. The 10-30-yr bucket added between 4.8 and 5.9 bps. Economic data, while Read more…
Daily Pivots: (S1) 155.31; (P) 156.56; (R1) 158.68; More… Intraday bias in USD/JPY remains on the upside for now despite current mild retreat. Current rally is part of the whole rise from 139.57, and should Read more…
Yen, which has been one of the weakest currencies this week, showed a modest recovery during today’s Asian session. The rebound came on the back of stronger-than-expected inflation data and renewed verbal intervention from Japan’s Read more…
A week packed with central bank decisions is coming to an end with a sour taste in everybody’s mouth. The Federal Reserve (Fed)’s decision to cut rates by 25bp was fully meaningless and the incoming Read more…
In focus today In the euro area, we get data on consumer confidence for December. Consumer confidence has been on a rising trend the past two years but in November it unexpectedly declined. It will Read more…
UK retail sales volumes rose by 0.2% mom in November, falling short of expectations for a 0.4% increase. This modest gain partly recovered the -0.7% mom decline recorded in October. Growth in supermarkets and non-food Read more…
Japan’s core CPI (excluding food) rose to 2.7% yoy in November, marking the first reacceleration in three months and exceeding market expectations of 2.6% yoy. Core inflation has remained above the BoJ’s 2% target since Read more…