Markets US Treasuries outperformed Bunds yesterday. Yields dropped between 2.2 (2-yr) and 4.7 (7- to 10-yr bucket) bps. The majority came right after the cash market open, catching-up with the Nov 11 release by ADP. Read more…
The UK economy barely grew in Q3, with GDP expanding just 0.1% qoq, below expectations for 0.2%, reinforcing concerns about stagnation as demand cools. The latest figures show services output rising 0.2% qoq and construction Read more…
In focus today In the UK, September GDP data is released. Growth rates are low but close to potential, a challenging cocktail with inflation close to 4%. In Sweden, October inflation details are published this Read more…
Optimism continues – and extends to a fourth session – as the US government shutdown ends and the latest news regarding AI are rather encouraging. Among them, AMD jumped 9% after forecasting accelerating sales growth Read more…
Daily Pivots: (S1) 202.73; (P) 203.15; (R1) 203.69; More… Intraday bias in GBP/JPY stays neutral for the moment. On the upside, break of 204.22 resistance should confirm that correction from 205.30 has completed with three Read more…
Daily Pivots: (S1) 178.80; (P) 179.12; (R1) 179.77; More… Intraday bias in EUR/JPY remains on the upside at this point. Current up trend should target 100% projection of 161.06 to 173.87 from 171.09 at 183.90 Read more…
Daily Pivots: (S1) 0.8806; (P) 0.8823; (R1) 0.8844; More… EUR/GBP’s rally resumed by breaking through 0.8828 resistance and intraday bias is back on the upside. Current rise from 0.8221 shoe target 0.8867 fibonacci level. Firm Read more…
Daily Pivots: (S1) 1.7681; (P) 1.7726; (R1) 1.7767; More… No change in EUR/AUD’s outlook and intraday bias stays neutral. On the downside, break of 1.7561 support will revive the bearish case that corrective pattern from Read more…
Daily Pivots: (S1) 0.9229; (P) 0.9253; (R1) 0.9273; More…. EUR/CHF’s break of 0.9257 support suggests the rebound from 0.9208 has completed as a correction at 0.9325, after rejection by 55 D EMA (now at 0.9302). Read more…
Daily Pivots: (S1) 1.1571; (P) 1.1585; (R1) 1.1606; More… Intraday bias in EUR/USD stays neutral and outlook is unchanged. Further decline remains mildly in favor below 55 D EMA (now at 1.1619). Break of 1.1467 Read more…