Daily Pivots: (S1) 0.8763; (P) 0.8777; (R1) 0.8794; More… Intraday bias in EUR/GBP stays neutral at this point. With 0.8800 resistance intact, further decline is mildly in favor. Below 0.8720 will target 0.8631 cluster (38.2% Read more…
Daily Pivots: (S1) 1.7584; (P) 1.7636; (R1) 1.7701; More… Intraday bias in EUR/AUD remains neutral for the moment. On the downside, below 1.7477 will extend the decline from 1.8160 to 100% projection of 1.8160 to Read more…
Daily Pivots: (S1) 0.9329; (P) 0.9338; (R1) 0.9354; More…. Intraday bias in EUR/CHF stays neutral for the moment, and more consolidations could be seen. On the upside, break of 0.9394 will resume the rebound from Read more…
Daily Pivots: (S1) 207.91; (P) 208.33; (R1) 208.78 More… Intraday bias in GBP/JPY stays neutral as more consolidations would be seen below 208.92. Further rally is expected as long as 205.17 support holds. ON the Read more…
Markets AI valuation stress kicks in for the second time this quarter after industry giant Broadcom’s sales outlook failed to live up to (outsized) expectations. Earlier last week, Oracle got punished for delay in completing Read more…
Last week ended on a mixed note for equities. Looking at global index performance, the message was fairly clear: investor appetite is waning for AI-related technology stocks, while non-tech and more value-oriented pockets of the Read more…
In focus this week Today is expected to be somewhat quiet on the data front, although we highlight speeches from New York Fed President John Williams and Fed Governor Stephen Miran in the evening. Markets Read more…
Daily Pivots: (S1) 182.60; (P) 182.88; (R1) 183.23; More… Intraday bias in EUR/JPY is turned neutral with current steep retreat and some consolidations would be seen below 187.14. Further rally remains in favor. But considering Read more…
Yen rallied broadly during the Asian session as weaker-than-expected Chinese data undermined regional risk sentiment. Retail sales disappointed sharply, reinforcing doubts about the strength of China’s domestic recovery and prompting a defensive tilt across FX Read more…
China’s November activity data delivered a broadly weaker-than-expected picture. Industrial production rose 4.8% yoy, missing expectations for 5.0% growth and marking the weakest pace since August 2024. The sharper disappointment came from consumption. Retail sales Read more…