Business sentiment has continued to charge higher as interest rate pressures ease, but activity remains soft for now. Key results (September 2024) Business confidence: 60.9 (Prev: 50.6) Expectations for own trading activity: 45.3 (Prev: 37.1) Activity vs same month one year ago: -18.5 (Prev: -23.1) Inflation expectations: 2.92% (Prev: 2.92%) Pricing intentions: 42.8 (Prev: 41.0) […]
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Daily Pivots: (S1) 1.6112; (P) 1.6181; (R1) 1.6245; More… Intraday bias in EUR/AUD remains on the downside. Fall from 1.7180 is in progress for 61.8% projection of 1.7180 to 1.6256 from 1.6629 at 1.6058, and Read more…
Daily Pivots: (S1) 188.10; (P) 192.03; (R1) 194.06; More… GBP/JPY’s break of 190.11 support suggests that corrective pattern from 180.00 has completed with three waves up to 195.95 already. Intraday bias is now on the Read more…
Markets We have a big day and big week ahead in terms of eco data and central bank speeches. EMU headline inflation (tomorrow) is on track to drop below the ECB’s 2% inflation target for Read more…