Markets Yesterday’s ECB meeting was a non-event that, if anything, further raised the bar for rate cuts as downside risks to growth abated. ECB president Lagarde was referring to the US-EU trade deal, the ceasefire Read more…
US markets fell yesterday as investors questioned the wave of higher AI spending pledged by Big Tech, even though every major name that reported this week beat lofty expectations on earnings, revenue and cloud growth. Read more…
In focus today In the euro area, flash inflation data for October is set to be released. Yesterday, inflation in Germany and Spain surprised to the upside, with headline inflation reaching 2.3% y/y and 3.2%, Read more…
Daily Pivots: (S1) 201.38; (P) 202.33; (R1) 203.65; More… Intraday bias in GBP/JPY remains neutral at this point. On the upside, break of 204.22 will affirm near term bullishness and target 205.30 high next. Nevertheless, Read more…
Daily Pivots: (S1) 177.14; (P) 177.98; (R1) 179.14; More… Intraday bias in EUR/JPY stays on the upside for the moment. Current up trend should target 61.8% projection of 161.06 to 173.87 from 172.24 at 180.15 Read more…
Daily Pivots: (S1) 0.8785; (P) 0.8799; (R1) 0.8809; More… Intraday bias in EUR/GBP is turned neutral first with current retreat. Further rally is expected as long as 0.8750 resistance turned support holds. Above 0.8817 will Read more…
Daily Pivots: (S1) 1.7610; (P) 1.7659; (R1) 1.7700; More… EUR/AUD recovered ahead of 1.7569 support and intraday bias is turned neutral first. On the downside, firm break of 1.7569 will confirm that pattern from 1.8554 Read more…
Daily Pivots: (S1) 0.9266; (P) 0.9278; (R1) 0.9286; More…. Intraday in EUR/CHF remains neutral for the moment. While recovery from 0.9208 could extend, upside should be limited below 0.9311 support turned resistance. On the downside, Read more…
Daily Pivots: (S1) 1.1529; (P) 1.1583; (R1) 1.1619; More… Focus remains on 1.1540 support in EUR/USD. Firm break there will resume the fall from 1.1917 and target 1.1390 support, or even further to 38.2% retracement Read more…
Daily Pivots: (S1) 152.73; (P) 153.59; (R1) 155.02; More… Intraday bias in USD/JPY stays on the upside at this point. Current rally is part of the whole rise from 139.87 and should target 100% projection Read more…