Daily Pivots: (S1) 0.9665; (P) 0.9674; (R1) 0.9690; More… Intraday bias in EUR/CHF is back on the upside as rise from 0.9513 resumed after brief retreat. Further rally would be seen to 38.2% retracement of Read more…
In an MNI interview, ECB Executive Board Member Frank Elderson responded to the speculation on whether interest rates have reached their pea. He noted, “Does that mean policy rates have peaked? Not necessarily. There is Read more…
The recent minor corrective pull-back of -4.7% from its 19 September 2023 high of US$93.05 is likely to have ended. Bullish reversal candlestick, a daily “Hammer” sighted after a retest on its upward-sloping 20-day moving Read more…
Markets Stock markets took center stage yesterday. The technical break in the EuroStoxx50 below the 4200 support zone on Monday got confirmed by another 0.9% drop on Tuesday. US indices didn’t escape reckoning this time. Read more…
Investors continue to dump stocks and buy US dollars on looming uncertainty regarding whether the US government will be shut in three days. There is progress regarding a 6-week short-term funding deal, but getting an Read more…
Market movers today Today focus will be on US durable goods orders and euro area M3 money supply growth. Consensus expects that durable goods orders fell 0.5% m/m in august and that euro area M3 Read more…
Daily Pivots: (S1) 1.3442; (P) 1.3467; (R1) 1.3480; More…. Intraday bias in USD/CAD remains neutral for the moment. Break of 1.3378 will resume the fall from 1.3693, as another leg in the corrective pattern from Read more…
Daily Pivots: (S1) 0.6380; (P) 0.6405; (R1) 0.6423; More… Range trading continues in AUD/USD and intraday bias stays neutral. Further decline is expected as long as 0.6520 resistance holds. Break of 0.6356 will resume larger Read more…
Daily Pivots: (S1) 1.0553; (P) 1.0581; (R1) 1.0600; More… EUR/USD’s fall from 1.1274 is still in progress and intraday bias remains on the downside. Next target is 1.0515 support. On the upside, above 1.0672 minor Read more…
Daily Pivots: (S1) 1.2134; (P) 1.2175; (R1) 1.2198; More… Intraday bias in GBP/USD remains on the downside as fall from 1.3141 is extending. Next target is 1.2075 fibonacci level. On the upside, above 1.2306 minor Read more…