Daily Pivots: (S1) 137.93; (P) 140.82; (R1) 142.91; More…. Focus stays on 138.38 resistance turned support in EUR/JPY. Decisive break there will be an early indication of larger bearish reversal. Deeper fall would be seen Read more…
Daily Pivots: (S1) 0.8699; (P) 0.8729; (R1) 0.8767; More… Intraday bias in EUR/GBP remains neural as consolidation from 0.8786 is still extending. Downside should be contained by 0.8624 support to bring another rally. On the Read more…
Daily Pivots: (S1) 1.4750; (P) 1.4846; (R1) 1.4901; More… EUR/AUD is staying in consolidation from 1.4965 and intraday bias remains neutral first. Further rise is in favor as long as 1.4663 minor support holds. On Read more…
Daily Pivots: (S1) 0.9479; (P) 0.9597; (R1) 0.9727; More…. Despite edging higher to 0.9712, EUR/CHF quickly retreated. Intraday bias remains neutral first. On the upside, break of 0.94680 will bring stronger rise back to 0.9864 Read more…
Daily Pivots: (S1) 0.9793; (P) 0.9850; (R1) 0.9891; More… EUR/USD’s decline is still in progress and intraday bias remains on the downside for 100% projection of 1.0368 to 0.9863 from 1.0197 at 0.9692. Firm break Read more…
Daily Pivots: (S1) 1.1190; (P) 1.1277; (R1) 1.1342; More… GBP/USD’s decline resumed after brief recovery and intraday bias is back on the downside. Current down trend should target 61.8% projection of 1.3748 to 1.1759 from Read more…
Following the September meeting of the FOMC we have raised our terminal forecast rate for the federal funds rate from 4.125% to 4.625% peaking at the January 2023 FOMC meeting. That forecast follows the near Read more…
Key insights from the week that was. This week has been all about monetary policy, in particular global central banks’ fight against inflation. Their rhetoric, the implications for global growth and the market’s reaction have Read more…
A busy week for central banks come to an end with plenty of rate hikes, increased prospects of slowing growth, that leave investors with a bad taste in their mouth. But the week is not Read more…
Market movers today The implications for financial markets of the flurry of G10 central bank meetings over the past two days remain a key focus, notably the decision by the Japanese finance ministry yesterday to Read more…