Daily Pivots: (S1) 1.3819; (P) 1.3843; (R1) 1.3865; More… Intraday bias remains neutral for the moment. Price actions from 1.3538 are seen as a corrective pattern. As long as 1.3720 support holds, another rise could Read more…
Daily Pivots: (S1) 0.6476; (P) 0.6488; (R1) 0.6507; More… No change in AUD/USD’s outlook as corrective pattern from 0.6624 is still extending. Intraday bias remains neutral for the moment. On the upside, firm break of Read more…
Daily Pivots: (S1) 1.1607; (P) 1.1636; (R1) 1.1670; More… Intraday bias in EUR/USD remains neutral at this point. With 1.1582 support intact, further rise is still in favor. On the upside, above 1.1741 will resume Read more…
Daily Pivots: (S1) 1.3444; (P) 1.3469; (R1) 1.3504; More… Range trading continues in GBP/USD and intraday bias remains neutral at this point. Overall, price actions from 1.3787 high are seen as a corrective pattern. On Read more…
Daily Pivots: (S1) 0.8016; (P) 0.8045; (R1) 0.8063; More…. Range trading continues in USD/CHF inside 0.7999/8103 and intraday bias remains neutral. Another fall is in favor as long as 0.8103 resistance holds. Below 0.7999 will Read more…
Daily Pivots: (S1) 146.97; (P) 147.45; (R1) 147.92; More… USD/JPY recovers mildly today but stays inside range of 146.20/148.76. Intraday bias remains neutral. On the downside, firm break of 146.20 will resume the fall from Read more…
Currency markets were largely subdued in Asian session, with majors holding tight ranges despite some volatility in equities. U.S. stocks attempted a rebound overnight but momentum was weak, while Asian bourses traded softer. The absence Read more…
Germany’s GfK Consumer Sentiment index for September dropped to -23.6 from -21.7, falling short of expectations at -21.2. It was the third consecutive monthly decline, with NIM’s Rolf Bürkl describing sentiment as “definitely in the Read more…
Markets US President Trump’s unprecedented attack against the US Federal Reserve is heading for court. On Monday, he removed Fed governor Cook effective immediate for cause (related to mortgage fraud insinuations). Governor Cook refused, but Read more…
In focus today Today is relatively quiet in terms of significant economic data releases, though we note a few items. In Denmark, retail sales figures for July will be released. Our Spending Monitor showed a Read more…