EUR/USD is slowly moving higher from the 1.0500 level. USD/JPY is rising and might soon attempt a move above the 150.00 resistance. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro started a decent Read more…
Markets are a bit slow, stocks sideways, same with USD, the only movers are commodities, with gold breaking higher while crude oil is also moving into resistances. Today, we got UK inflation data, its 6.7% Read more…
Markets Core bonds slid for a second day straight yesterday. US Treasuries underperformed Bunds following (very) strong September retail sales and industrial production figures. NAHB housing market confidence slipped more than expected in October to Read more…
Daily Pivots: (S1) 181.76; (P) 182.29; (R1) 183.02; More… GBP/JPY recovered quickly after dipping to 181.00 and intraday bias stays neutral. The favored case is still that correction from 186.75 has completed at 178.02. Above Read more…
Daily Pivots: (S1) 157.73; (P) 158.18; (R1) 158.89; More…. Intraday bias in EUR/JPY remains neutral at this point. Outlook is also unchanged that correction from 159.75 should have completed at 154.32. Above 158.60 will resume Read more…
Daily Pivots: (S1) 0.8651; (P) 0.8671; (R1) 0.8701; More…. Intraday bias in EUR/GBP stays neutral first. On the upside, decisive break of 0.8700/4 resistance will resume the rebound from 0.8491, and carry larger bullish implications. Read more…
Daily Pivots: (S1) 1.6568; (P) 1.6620; (R1) 1.6666; More… Intraday bias in EUR/AUD stays neutral and outlook is unchanged. Correction from 1.7062 should have completed at 1.6319. Above 1.6704 will resume the rise from 1.6319 Read more…
Daily Pivots: (S1) 0.9503; (P) 0.9518; (R1) 0.9538; More… EUR/CHF is extending the consolidation form 0.9455 and intraday bias remains neutral. Further decline is expected with 0.9557 resistance intact. Below 0.9455 will resume larger decline Read more…
China’s Q3 GDP, Retail Sales, and Industrial Production for September beat expectations. China’s Country Garden is still at risk of an imminent default as its grace period of overdue bond coupon payments of US$15.4 million Read more…
US retail sales beat expectations, fueled Federal Reserve (Fed) hawks and bets of another rate hike in December – or January – yesterday. The US 2-year yield spiked to a fresh high since 2007, and Read more…