Daily Pivots: (S1) 0.9332; (P) 0.9347; (R1) 0.9373; More…. EUR/CHF’s rise from 0.9178 resumed by breaking through 0.9349, and intraday bias is back on the upside. As noted before, fall from 0.9660 could have completed Read more…
Daily Pivots: (S1) 0.8721; (P) 0.8738; (R1) 0.8753; More… Intraday bias in EUR/GBP remains on the downside at this point. Break of 55 D EMA (now at 0.8745) indicates rejection by 0.8867 fibonacci level. Further Read more…
Daily Pivots: (S1) 1.7577; (P) 1.7643; (R1) 1.7681; More… Intraday bias in EUR/AUD remains on the downside for 1.7561 support. Firm break there should confirm that larger corrective pattern from 1.8554 is already in the Read more…
Daily Pivots: (S1) 206.26; (P) 206.81; (R1) 207.27; More… GBP/JPY retreated after edging higher to 207.34 briefly, and intraday bias is turned neutral gain. Further rise is expected as long as 205.17 support holds. Above Read more…
Daily Pivots: (S1) 180.24; (P) 180.77; (R1) 181.14; More… EUR/JPY dips again today but stays above 179.74 support. Intraday bias remains neutral and another rally is still in favor. On the upside, break of 181.98 Read more…
Japan remains the center of attention in an otherwise quiet Asian session, with traders focused on the relentless climb in JGB yields. The 10-year benchmark surged to a fresh 18-year high today and appears poised Read more…
Japan’s household spending fell sharply by -3.0% yoy in October, far below expectations for 1.1% yoy increase, and marking the steepest decline since January 2024. It was also the first annual drop in six months. Read more…
A genuine cyclical upswing in private sector spending is underway. This is needed, not necessarily a reason to worry about inflation. There is too much pessimism about supply capacity. The September quarter national accounts confirmed Read more…
Key insights from the week that was. In Australia, Q3 GDP fell short of expectations, rising just 0.4% (2.1%yr). However, much of the disappointment was tied to a run-down of inventories, masking a much stronger Read more…
Key Highlights USD/JPY started a steady decline from the 157.80 zone. A key declining channel is forming with resistance at 155.50 on the 4-hour chart. EUR/USD started consolidating gains above 1.1625. GBP/USD could aim for Read more…