The GBP/USD pair is attempting to find support around 1.3062 on Thursday, with investors cautiously positioning themselves ahead of today’s pivotal Bank of England (BoE) monetary policy meeting. The British currency remains under pressure, trading Read more…
Markets The Bank of England has a reputation of daring to surprise. It’s nickname – unreliable boyfriend – is testament to that. Today we might see one of those upsets with UK money markets discounting Read more…
Selloff across major US indices slowed yesterday as pressures eased and dip-buyers came in to amass their favourite stocks at slightly lower levels than the recent all-time highs, while attention shifted toward rare economic data Read more…
In focus today In Sweden, the preliminary inflation figures for October are released at 08:00 CET. We expect core inflation at 2.65% (cons: 2.6%, prior: 2.7%) and headline CPIF at 2.95% (cons: 2.9%, prior: 3.09%). Read more…
Daily Pivots: (S1) 1.1475; (P) 1.1487; (R1) 1.1504; More… Intraday bias in EUR/USD is turned neutral with current recovery, and some consolidations would be seen above 1.1467 temporary low. Further decline is expected as long Read more…
Daily Pivots: (S1) 153.27; (P) 153.81; (R1) 154.67; More… USD/JPY is still bounded in consolidations below 154.47 and intraday bias stays neutral. Further rally is expected as long as 151.52 support holds. Above 154.47 will Read more…
Daily Pivots: (S1) 1.3023; (P) 1.3038; (R1) 1.3067; More… Intraday bias in GBP/USD is turned neutral with current recovery, and some consolidations would be seen above 1.3008. But risk will stay on the downside as Read more…
Daily Pivots: (S1) 0.8079; (P) 0.8102; (R1) 0.8124; More… A temporary top was formed at 0.8123 after USD/CHF hit 100% projection of 0.7828 to 0.8075 from 0.7872 at 0.8119. Intraday bias is turned neutral first. Read more…
Daily Pivots: (S1) 0.6472; (P) 0.6493; (R1) 0.6526; More… Intraday bias in AUD/USD is turned neutral first with current recovery. Fall from 0.6706 could still extend lower, but strong support would likely be seen from Read more…
Daily Pivots: (S1) 1.4092; (P) 1.4116; (R1) 1.4134; More… A temporary top is in place in USD/CAD with 4H MACD crossed well below signal line. Intraday bias is turned neutral for some consolidations. On the Read more…