The Arena Media Brands, LLC and respective content providers to this website may receive compensation for some links to products and services on this website. Amazon’s Prime Big Deal Days, AKA October Prime Day, is Read more…
Markets Global markets yesterday succeeded a surprising ‘all‐asset rebound’ with both bonds and equities gaining despite multiple indications that geopolitical tensions will unlikely disappear anytime soon. Central bank/Fed guidance was the dominant factor. (Some) Fed Read more…
The Arena Media Brands, LLC and respective content providers to this website may receive compensation for some links to products and services on this website. To kick off the second day of Amazon’s Prime Day Read more…
The IMF lowered its global growth forecast to 2.9% but boosted its inflation projection from 5.2% to 5.8% for next year, warning the global central banks that they should hold on to their tight monetary Read more…
Market movers today Today is a quiet day on the data front and focus will likely remain on developments in the Israeli-Palestinian conflict. US releases PPI while Fed members Bowman, Waller and Bostic will speak Read more…
DXY: The DXY (US Dollar Index) chart currently exhibits a weak bullish momentum with a potential for price to make a bullish bounce off the 1st support level and move higher. The 1st support level Read more…
Daily Pivots: (S1) 181.90 (P) 182.35; (R1) 183.14; More… Immediate focus is no won 183.00 resistance in GBP/JPY. Firm break there will argue that the pull back from 187.65 has completed, and turn bias back Read more…
Daily Pivots: (S1) 156.99; (P) 157.49; (R1) 158.20; More…. Intraday bias in EUR/JPY remains neutral as sideway trading continues. On the upside, firm break of 158.464 will argue that the pull back has from 159.75 Read more…
Daily Pivots: (S1) 0.8622; (P) 0.8639; (R1) 0.8648; More…. Break of 0.8629 support indicates resumption of the choppy decline from 0.8704. Intraday bias is back on the downside for 0.8568 support next. Whole rebound form Read more…
EUR/AUD Daily Outlook Daily Pivots: (S1) 1.6436; (P) 1.6497; (R1) 1.6549; More… Intraday bias in EUR/AUD remains neutral as sideway trading continues. On the downside, below 1.6446 minor support will bring retest of 1.6319. Break Read more…