Reflecting investor worries over China, the world’s second largest economy, we have seen the yuan fall over 1.3% today to a fresh 14-year low against the dollar. Meanwhile the local stock markets have dropped even more in percentage terms, with the FTSE China A50 Index falling nearly 4% overnight, while Hong Kong’s Hang Seng plunged […]
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Daily Pivots: (S1) 211.81; (P) 212.73; (R1) 213.68; More… Intraday bias in GBP/JPY stays neutral for consolidations above 210.43. Risk will stay on the downside as long as 55 4H EMA (now at 214.28) holds. Read more…
Daily Pivots: (S1) 182.96; (P) 183.69; (R1) 184.57; More… Intraday bias in EUR/JPY stays neutral and more consolidations could be seen above 182.28 temporary low. Risk will stay on the downside as long as 55 Read more…
Daily Pivots: (S1) 0.8629; (P) 0.8640; (R1) 0.8651; More… Intraday bias in EUR/GBP remains neutral for the moment, and some more sideway trading could be seen. On the downside, decisive break of 0.8610 key support Read more…