Markets Markets yesterday saw the glass half full rather than half empty but for now its too early to draw any conclusion on a tentative bottoming out-process in (US) yields and/or equity markets. Regarding the Read more…
The tariff hell broke lose yesterday after the US imposed 25% tariffs on all steel and aluminium imports triggering a swift response from the EU and Canada. The EU announced tariffs on around EUR 26bn Read more…
In focus today In the euro area, focus will be on the preliminary discussions of the proposed fiscal easing package in the German parliament. The Green party has so far refused the coming government’s proposal, Read more…
Daily Pivots: (S1) 189.56; (P) 190.62; (R1) 192.44; More… GBP/JPY edged higher to 193.09 but quickly retreat. Intraday bias stays neutral for the moment. On the upside, firm break of 193.09 will resume the rebound Read more…
Daily Pivots: (S1) 160.79; (P) 161.57; (R1) 162.21; More… Intraday bias in EUR/JPY is turned neutral first with current retreat. Further rally is expected as long as 158.87 support holds. Above 162.34 will resume the Read more…
Daily Pivots: (S1) 0.8379; (P) 0.8411; (R1) 0.8429; More… Intraday bias in EUR/GBP is turned neutral first with current retreat. Another rally is expected as long as 0.8358 support holds. Above 0.8448 will target 0.8472 Read more…
Daily Pivots: (S1) 1.7175; (P) 1.7271; (R1) 1.7321; More… Intraday bias in EUR/AUD is turned neutral with current retreat. Some consolidations should be seen first. But downside should be contained by 0.6990 support to bring Read more…
Daily Pivots: (S1) 0.9582; (P) 0.9617; (R1) 0.9635; More…. Intraday bias in EUR/CHF is turned neutral as it retreated after failing to sustain above 100% projection of 0.9204 to 0.9516 from 0.9331 at 0.9643. Further Read more…
Daily Pivots: (S1) 1.4322; (P) 1.4404; (R1) 1.4454; More… Intraday bias in USD/CAD remains neutral for the moment. Price actions from 1.4791 high are seen as a corrective pattern, with rebound from 1.4150 as the Read more…
Daily Pivots: (S1) 0.6290; (P) 0.6307; (R1) 0.6337; More… Intraday bias in AUD/USD remains neutral as range trading continues. On the downside, break of 0.6186 will target 0.6087 support first. Firm break there will resume Read more…