In focus today In the euro area, the ECB publishes the minutes from its July meeting, at which policy rates were left unchanged. We expect the minutes to show a bias towards a rate hike in September, which is also fully priced in by markets. Guidance beyond September is likely to remain limited. In Japan, […]
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GBP/USD’s rally continues today and intraday bias stays on the upside. Rise from 1.3139 would target 100% projection of 1.3139 to 1.3557 from 1.3272 at 1.3690. On the downside, below 1.3521 minor support will turn Read more…
USD/CHF’s extended decline argues that rebound from 0.7603 has completed with three waves up to 0.8205. Intraday bias is back on the downside for rising channel support (now at 0.7921). Sustained break there will solidify Read more…
Intraday bias in AUD/USD remains neutral and more consolidations would be seen first. Further rally is expected as long as 0.7026 resistance turned support holds. Above 0.7128 will extend the rise from 0.6864 to 161.8% Read more…