Markets:Slightly better-than-expected core US durable goods orders (July) featured an otherwise pale eco calendar. Capital goods shipments non-defense excluding aircraft, a proxy for investment in GDP calculations, rose by 0.7% M/M from an upwardly revised 0.8% M/M in June. Markets didn’t react to the release. Today’s main trend was the persistence in core bond weakness. […]
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Daily Pivots: (S1) 1.6095; (P) 1.6208; (R1) 1.6286; More… Intraday bias in EUR/AUD remains on the downside as down trend continues for 161.8% projection of 1.8554 to 1.7245 from 1.8160 at 1.6042. Firm break there Read more…
Daily Pivots: (S1) 0.8611; (P) 0.8635; (R1) 0.8649; More… EUR/GBP’s fall from 0.8788 is still in progress and intraday bias stays on the downside. Firm break of 0.8611 will resume the whole decline from 0.8863, Read more…