Markets The risk rebound from last week’s trade and credit related noise yesterday fizzled out. US equity indices closed little changed, but kept all-time record levels within reach. The EuroStoxx50 intraday even touched a minor Read more…
Daily Pivots: (S1) 202.08; (P) 202.80; (R1) 203.79; More… Intraday bias in GBP/JPY remains neutral at this point. On the upside, above 203.41 will suggest that pullback from 205.30 has completed, and bring retest of Read more…
Daily Pivots: (S1) 175.51; (P) 176.07; (R1) 176.78; More… Intraday bias in EUR/JPY stays neutral first. On the upside, break of 176.44 resistance will suggest that pullback from 177.91 has completed, and bring retest of Read more…
Daily Pivots: (S1) 0.8668; (P) 0.8681; (R1) 0.8692; More… Range trading continues in EUR/GBP and intraday bias remains neutral. On the downside, break of 0.8654 will resume the fall from 0.8750 to 0.8631 support. Decisive Read more…
Daily Pivots: (S1) 1.7846; (P) 1.7896; (R1) 1.7931; More… Intraday bias in EUR/AUD remains neutral and outlook is unchanged. With 1.7818 support intact, further rally is in favor. On the upside, above 1.7965 will turn Read more…
Daily Pivots: (S1) 0.9218; (P) 0.9231; (R1) 0.9252; More… Intraday bias in EUR/CHF is turned neutral first with current recovery, and some consolidations could be seen. Outlook will remain bearish as long as 0.9311 support Read more…
It just took a few hours for gold and silver bulls to take profit and move to the sidelines yesterday, leading to the biggest price pullback across both precious metals. Gold fell more than 5% Read more…
In focus today The data front remains relatively quiet; however, keep an eye on the UK CPI inflation data for September, which will likely determine whether a Bank of England rate cut will be considered Read more…
Key Highlights Ethereum found support near $3,450 and started a decent upward move. ETH is following a connecting bullish trend line with support at $3,950 on the daily chart. Bitcoin price rallied over 5% but Read more…
UK inflation came in softer than expected in September. Headline CPI was unchanged at 3.8% yoy, below consensus of 4.0%. Core CPI (excluding energy, food, alcohol and tobacco) eased to 3.5% from 3.6%. Breakdowns showed Read more…