The US dollar plunged after data showed a higher US unemployment rate in October. A break below 1.0000 could prolong the consolidation as the parity level has been acting like a magnet, pulling the price Read more…
Markets On Friday, the US October payrolls was the first reality check after Fed Chair Powell’s hawkish post-FOMC press conference. The report in globo was stronger than expected with job gains at 265k (vs 193k Read more…
Daily Pivots: (S1) 165.63; (P) 166.31; (R1) 167.47; More… Intraday bias in GBP/JPY remains neutral for the moment, and further rally is mildly in favor with 164.95 support intact. On the upside, break of 172.11 Read more…
Daily Pivots: (S1) 144.82; (P) 145.48; (R1) 146.72; More…. Intraday bias in EUR/JPY stays neutral first and consolidation from 148.38 could extend. In case of deeper fall, downside should be contained by 55 day EMA Read more…
Daily Pivots: (S1) 0.8710; (P) 0.8747; (R1) 0.8795; More… Immediate focus is now on 0.8779 resistance in EUR/GBP. Firm break there argue that corrective fall from 0.9267 has completed at 0.8570. Intraday bias will be Read more…
Daily Pivots: (S1) 1.5269; (P) 1.5393; (R1) 1.5513; More… Intraday bias in EUR/AUD stays neutral for the moment. Correction from 1.5704 could extend lower, but downside should contained by 55 day EMA (now at 1.5209) Read more…
Daily Pivots: (S1) 0.9864; (P) 0.9885; (R1) 0.9922; More…. Intraday bias in EUR/CHF stays neutral for consolidation below 0.9953. Downside of retreat should be contained by 0.9798 resistance turned support to bring rebound. On the Read more…
Week starts with blurred sentiment on the back of mixed US jobs data, and soft Chinese trade figures. Chinese exports and imports unexpectedly shrank in October; this was the first synchronized drop since May 2020. Read more…
Market movers today This week is quiet in terms of data. Hence, focus will be on central bank speeches and on the US mid-term elections on Tuesday. Today, we get German industrial production data for Read more…
ECB Governing Council member Francois Villeroy de Galhau said in an interview, “as long as underlying inflation has not clearly peaked, we shouldn’t stop on rates,” “It’s too early to tell where the end point Read more…