AUD/USD retreated ahead of 0.6530 resistance and intraday bias is turned neutral first. On the upside, decisive break of 0.6535, and sustained trading above 55 day EMA (now at 0.6564), will raise the chance of Read more…
Daily Pivots: (S1) 0.9917; (P) 1.0006; (R1) 1.0053; More… Intraday bias in EUR/USD remains neutral for the moment. Rise from 0.9534 is still expected to continue as long as 4 hour 55 EMA (now at Read more…
Daily Pivots: (S1) 1.1527; (P) 1.1586; (R1) 1.1623; More… Intraday bias in GBP/USD is turned neutral with current retreat, and some consolidations could be seen. Further rally is expected as long as 1.1256 minor support Read more…
Daily Pivots: (S1) 0.9857; (P) 0.9892; (R1) 0.9943; More… Intraday bias in USD/CHF remains neutral and outlook is unchanged. Further rally will remain in favor as long as 0.9779 support holds. On the upside, break Read more…
The S&P 500 softened as the US GDP beat expectations in Q3. A close above October’s high at 3800 prompted sellers to cover, easing the pressure on the index. The support-turned-resistance at 3900 is a Read more…
The Japanese yen weakens as the BoJ maintains its ultra low rates. The RSI’s double top in the overbought area on the daily chart was a strong sign of overextension. A sharp fall below 150.00 Read more…
Traders took profit in the euro after the ECB raised its interest rates by 75 basis points as expected. A rally back to parity indicates strong interest in defending the historical exchange level. The price Read more…
Markets The ECB hiked its policy rates by another 75 bps yesterday, bringing the total effort to 200 bps since the inaugural rate hike in July. The ECB deposit rate now stands at 1.5%. Rumours Read more…
Swiss KOF Economic Barometer decreased from 93.8 to 90.9 in October, below expectation of 93.0. The index is now below its long-term average for the sixth month in a row. Outlook for the economy in Read more…
France GDP growth slowed to 0.2% qoq in Q3, matched expectations. That compares to 0.5% qoq growth in Q2. Final domestic demand (excluding inventories) contributed positively to GDP growth this quarter (+0.4%). Thus, gross fixed Read more…