The euro and the European equity futures are in the green this Monday morning on relief that the German elections didn’t bring major surprises. Merz’ CDU/CSU won the election with around 28.5% of the votes Read more…
In focus today Today, focus turns to the final inflation release for the euro area in January. The final print will allow us to digest the increase in January, which was likely driven by many Read more…
Daily Pivots: (S1) 1.0436; (P) 1.0474; (R1) 1.0499; More… Intraday bias in EUR/USD remains neutral and outlook is unchanged. Strong resistance is expected from 38.2% retracement of 1.1213 to 1.0176 at 1.0572 to complete the Read more…
Daily Pivots: (S1) 148.55; (P) 149.65; (R1) 150.37; More… Intraday bias in USD/JPY stays on the downside at this point. Fall from 158.85 is seen as the third leg of the pattern from 161.94 high. Read more…
Daily Pivots: (S1) 1.2615; (P) 1.2647; (R1) 1.2669; More… Intraday bias in GBP/USD remains on the upside as rise from 1.2099 is in progress. Further rally should be seen to 1.2810 resistance first. Firm break Read more…
Daily Pivots: (S1) 0.8962; (P) 0.8984; (R1) 0.8999; More… Intraday bias in USD/CHF remains neutral. Consolidation pattern from 0.9200 might extend with deeper decline. But larger rally is still expected to continue as long as Read more…
The German election makes a two-party government between the conservative CDU/CSU and the Social Democrats (SPD) the most likely result (75%), which is a positive outcome for the German economy. Markets have also reacted positively Read more…
Daily Pivots: (S1) 0.6336; (P) 0.6373; (R1) 0.6393; More… Intraday bias in AUD/USD stays neutral for the moment. On the downside, firm break of 0.6327 support will suggest that the corrective rebound from 0.6087 has Read more…
Daily Pivots: (S1) 1.4183; (P) 1.4210; (R1) 1.4251; More… Intraday bias in USD/CAD remains neutral and more consolidations could be seen above 1.4150. Further decline is expected with 1.4378 resistance intact. Fall from 1.4791 is Read more…
Daily Pivots: (S1) 0.9370; (P) 0.9403; (R1) 0.9425; More…. Intraday bias in EUR/CHF stays neutral as range trading continues. On the downside, firm break of 0.9359 will revive the case that choppy rise from 0.9204 Read more…