Markets Several Fed policymakers hit the wires yesterday and showcased the broad array of views that led chair Powell to push back strongly against expectations for a December rate cut. To grab a few, Goolsbee Read more…
The new week, and the new month, kicked off on a sweet note — again on the back of a renewed AI boost. South Korean chipmakers rallied in the early hours of the new week Read more…
In focus today Today is expected to be a quiet day in terms of tier 1 data. In Denmark, Nationalbanken will publish its press release on October’s FX reserve, revealing whether it intervened in the Read more…
Daily Pivots: (S1) 1.1503; (P) 1.1522; (R1) 1.1539; More… Intraday bias in EUR/USD stays mildly on the downside for the moment. Fall from 1.1917 should target 100% projection of 1.1917 to 1.1540 from 1.1727 at Read more…
Daily Pivots: (S1) 153.99; (P) 154.14; (R1) 154.38; More… Intraday bias in USD/JPY is turned neutral with current retreat, and some consolidations would be seen below 154.47 temporary top. Further rally is expected as long Read more…
Daily Pivots: (S1) 1.3111; (P) 1.3137; (R1) 1.3164; More… Further decline is expected in GBP/USD as long as 1.3247 support turned resistance holds. Sustained trading below 1.3140 support should confirm completion of double top pattern Read more…
Daily Pivots: (S1) 0.8045; (P) 0.8069; (R1) 0.8104; More… Intraday bias in USD/CHF remains on the upside for the moment. Price actions from 0.7828 are seen as a corrective pattern in its third leg. Next Read more…
Daily Pivots: (S1) 1.4019; (P) 1.4047; (R1) 1.4086; More… Intraday bias in USD/CAD remains on the upside at this point. Decisive break of 1.4078 resistance will resume the whole rally from 1.3538. Next target is Read more…
Daily Pivots: (S1) 0.6516; (P) 0.6540; (R1) 0.6561; More… AUD/USD’s break of 0.6524 resistance turned support suggests that rebound from 0.6439 has completed at 0.6616. Intraday bias is back on the downside for deeper fall Read more…
Australian Dollar traded mildly lower after the RBA left its cash rate unchanged at 3.60%, a move fully expected by markets. The policy hold came with few surprises, and the key takeaway was that the Read more…