Daily Pivots: (S1) 1.3564; (P) 1.3710; (R1) 1.3789; More… Intraday bias in USD/CAD remains neutral as consolidation from 1.3976 extends. Downside of retreat should be contained by 1.3501 support to bring another rally. On the Read more…
Daily Pivots: (S1) 0.6259; (P) 0.6326; (R1) 0.6441; More… Intraday bias in AUD/USD stays mildly on the upside for the moment. Recovery from 0.6169 short term bottoming would target 0.6539 resistance first. Firm break there Read more…
Daily Pivots: (S1) 0.9911; (P) 1.0030; (R1) 1.0097; More… Intraday bias in USD/CHF stays neutral for consolidation below 1.0146. Downside of retreat should be contained above 0.9799 support. On the upside, break of 1.0146 will Read more…
Daily Pivots: (S1) 0.9755; (P) 0.9812; (R1) 0.9919; More… Intraday bias in EUR/USD stays neutral for the moment. On the downside, break of 0.9630 bring retest of 0.9534 first. Firm break there will resume larger Read more…
Markets The US yield curve turned less inverse at the 2-10 part last Friday with yields dropping 0.9 bps (10-yr) to 13.7 bps (2-yr). The very long end underperformed, still adding 10 bps (30-yr). A Read more…
Daily Pivots: (S1) 1.1134; (P) 1.1225; (R1) 1.1388; More… Range trading continues in GBP/USD and intraday bias stays neutral. Further rally is in favor as long as 1.0922 minor support holds. On the upside, break Read more…
Sterling is the better performer in Asian session today. It’s supported by news that former Prime Minister Boris Johnson withdrew from party leadership contest on Sunday, even with enough support to make the final ballot. Read more…
After a delay amid the 20th Communist Party Congress last week, China released a batch of economic data today. GDP grew 3.9% yoy in Q3, and beat expectation of 3.3% yoy. In September, industrial grew Read more…
Japan Finance Minister Shunichi Suzuki declined to confirm if there was intervention in the currency markets last Friday. But he reiterated, “we cannot tolerate excessive volatility caused by speculative moves, and we are ready to take Read more…
Japan PMI Manufacturing ticked down from 50.8 to 50.7 in October, weakest in 21 months. PMI Manufacturing Output improved slightly from 48.3 to 48.7. PMI Services rose from 52.2 to 53.0. PMI Composite also rose Read more…