Markets Risk sentiment took an impressive turn for the worse during US trading. The combination of good Nvidia results published Wednesday after trading and decent US September payrolls release (119k job growth vs 53k expected) Read more…
Daily Pivots: (S1) 1.1504; (P) 1.1527; (R1) 1.1551; More… Intraday bias in EUR/USD stays mildly on the downside for retesting 1.1467 first. Firm break there will target 1.1390, and then 38.2% retracement of 1.0176 to Read more…
Daily Pivots: (S1) 156.93; (P) 157.41; (R1) 157.94; More… Intraday bias in USD/JPY is turned neutral with current retreat and some consolidations would be seen. Downside should be contained above 154.47 resistance turned support to Read more…
Daily Pivots: (S1) 1.3033; (P) 1.3078; (R1) 1.3119; More… Range trading continues in GBP/USD and intraday bias stays neutral. Further decline is expected as long as 1.3247 support turned resistance holds. Break of 1.3008 will Read more…
Daily Pivots: (S1) 0.8047; (P) 0.8062; (R1) 0.8076; More… Intraday bias in USD/CHF is turned neutral first with current retreat. Overall, corrective pattern from 0.7828 is still extending. Above 0.8076 will target 0.8123 resistance next. Read more…
Daily Pivots: (S1) 0.6418; (P) 0.6460; (R1) 0.6485; More… Intraday bias in AUD/USD stays on the downside as fall from 0.6706 resumed. Decisive break of 0.6413 cluster (38.2% retracement of 0.5913 to 0.6706 at 0.6403) Read more…
The short-term Elliott Wave outlook for USDJPY indicates that the cycle from the October 17 low remains in progress as a five-wave impulsive structure. From that low, wave 1 concluded at 155.04, followed by a Read more…
Yesterday was something. We were happily sitting and watching Nvidia save the market after announcing another round of impressive results the night before. And all of a sudden – shortly after the US open – Read more…
In focus today In the euro area, November flash PMIs are due. In October, the services PMI rose to 53.0 while manufacturing reached 50.0, moving out of contraction territory. The developments suggest positive momentum for Read more…
UK retail sales delivered a sharp downside shock in October, falling –1.1% mom, well below expectations of a modest 0.1% increase. It was the first monthly decline since May and reflected broad weakness across supermarkets, Read more…