Cryptocurrencies
Happy Nvidia Day
The day has come, ladies and gentlemen. The biggest — and for some, the most important — company in the world, Nvidia Corporation, is about to reveal its earnings. My crystal ball is whispering that Read more…
Cryptocurrencies
Cautious Markets Eye FOMC Minutes and NVIDIA Report
In focus today In the euro area, focus turns to the final HICP inflation data for October. We expect the final print to confirm the flash release of 2.1% y/y headline inflation and 2.4% y/y Read more…
Cryptocurrencies
UK CPI slows to 3.6%, keeping BoE on track for December cut
UK inflation eased in October, with headline CPI slowing from 3.8% yoy to 3.6%, just above the market’s 3.5% forecast. Core inflation (excluding energy, food, alcohol and tobacco) matched expectations at 3.4% yoy, down from Read more…
Cryptocurrencies
EUR/USD Daily Outlook
Daily Pivots: (S1) 1.1566; (P) 1.1587; (R1) 1.1603; More… No change in EUR/USD’s outlook and intraday bias stays neutral. On the upside, above 1.1655 will affirm the case that fall from 1.1917 has completed as Read more…
Cryptocurrencies
EUR/USD Daily Outlook
Daily Pivots: (S1) 1.1566; (P) 1.1587; (R1) 1.1603; More… No change in EUR/USD’s outlook and intraday bias stays neutral. On the upside, above 1.1655 will affirm the case that fall from 1.1917 has completed as Read more…
Cryptocurrencies
USD/JPY Daily Outlook
Daily Pivots: (S1) 154.98; (P) 155.36; (R1) 155.89; More… USD/JPY’s rally is in progress and intraday bias stays on the upside for 100% projection of 146.58 to 153.26 from 149.37 at 156.05. Break there will Read more…
Cryptocurrencies
USD/JPY Daily Outlook
Daily Pivots: (S1) 154.98; (P) 155.36; (R1) 155.89; More… USD/JPY’s rally is in progress and intraday bias stays on the upside for 100% projection of 146.58 to 153.26 from 149.37 at 156.05. Break there will Read more…
Cryptocurrencies
GBP/USD Daily Outlook
Daily Pivots: (S1) 1.3127; (P) 1.3152; (R1) 1.3170; More… No change in GBP/USD’s outlook and intraday bias remains neutral for more consolidations. Further decline is expected as long as 1.3247 support turned resistance holds. Break Read more…
Cryptocurrencies
GBP/USD Daily Outlook
Daily Pivots: (S1) 1.3127; (P) 1.3152; (R1) 1.3170; More… No change in GBP/USD’s outlook and intraday bias remains neutral for more consolidations. Further decline is expected as long as 1.3247 support turned resistance holds. Break Read more…
Cryptocurrencies
USD/CHF Daily Outlook
Daily Pivots: (S1) 0.7956; (P) 0.7979; (R1) 0.8019; More… USD/CHF’s extended rebound and break of 55 4H EMA (now at 0.7986) argues that corrective pattern from 0.7828 low is still extending. Intraday bias is back Read more…