Markets The Japanese prime minister to be is sending tremors across bond markets. Takaichi won this weekend’s LDP elections (see below) and is therefore on track to become premier. She’ll be the country’s first ever Read more…
Daily Pivots: (S1) 198.02; (P) 198.45; (R1) 199.23; More… GBP/JPY’s rise from 184.35 resumed by breaking through 201.24 and intraday bias is back on the upside. Next near term target is 38.2% projection of 184.35 Read more…
Daily Pivots: (S1) 172.68; (P) 172.96; (R1) 173.50; More… EUR/JPY’s up trend resumed by breaking through 175.41 key resistance. Intraday bias is back on the upside. Next near term target is 38.2% projection of 161.06 Read more…
Daily Pivots: (S1) 0.8704; (P) 0.8717; (R1) 0.8727; More… Intraday bias in EUR/GBP stays neutral and more consolidations could be seen below 0.8750. On the downside, break of 0.8688 will extend the from 0.8750 fall Read more…
Daily Pivots: (S1) 1.7760; (P) 1.7779; (R1) 1.7806; More… Intraday bias in EUR/AUD stays neutral at this point. On the downside, however, sustained break of 61.8% retracement of 1.7245 to 1.8155 at 1.7593 will bring Read more…
Daily Pivots: (S1) 0.9329; (P) 0.9345; (R1) 0.9355; More… EUR/CHF dips mildly today but stays above 0.9311 support and intraday bias stays neutral. As price actions from 0.9311 are corrective looking, fall from 0.9452 is Read more…
The week kicked off on a positive note in Japan after the ruling LDP chose Sanae Takaichi as its next leader — she is now set to become the country’s next prime minister and is Read more…
In focus today In the euro area, focus tuns to the August retail sales data and the October Sentix confidence indicator. The consumers have been cautious recently and retail sales will show if that persisted Read more…
Daily Pivots: (S1) 1.3935; (P) 1.3954; (R1) 1.3968; More… Further rise could be seen in USD/CAD with 1.3895 support intact. But strong resistance is expected from 1.4014 cluster to complete the corrective rally from 1.3538. Read more…
Daily Pivots: (S1) 1.1717; (P) 1.1738; (R1) 1.1763; More… Intraday bias in EUR/USD remains neutral for the moment, and further fall is in favor as long as 1.1819 resistance holds. Break of 1.1644 and sustained Read more…