Markets Jeremy Hunt to the rescue! The new UK Chancellor in an attempt to restore the UK’s credibility shelved the lion part of previous Chancellor Kwarteng’s mini-budget, while also lowering the bill to shield UK Read more…
The commodities market starts the new week in October with attempts to stabilise. The Brent barrel had previously “sagged”, but is now returning to USD 92.40. It turns out that the entire positive effect of Read more…
The pound rose – although not very convincingly – in response to the government’s unprecedented fiscal U-turn today, as new Chancellor Jeremy Hunt basically reversed everything announced in the controversial mini-budget. The GBP/USD climbed to Read more…
Another turbulent start to the week, albeit a positive one broadly speaking with equity markets around 1% higher in Europe after a decent start to the week in Asia. Since Liz Truss became UK Prime Read more…
AUDUSD traded higher late on Friday and today after it found support at 0.6190, slightly above the two and a half year low of 0.617 hit on Thursday. Overall, the pair continues to trade below Read more…
Daily Pivots: (S1) 0.9688; (P) 0.9748; (R1) 0.9789; More… Intraday bias in EUR/USD stays neutral as range trading continues. Deeper decline is expected with 0.9998 resistance intact. Below 0.9630 will bring retest of 0.9534 low Read more…
Daily Pivots: (S1) 1.1100; (P) 1.1233; (R1) 1.1314; More… Intraday bias in GBP/USD stays neutral and outlook is unchanged. On the upside, break of 1.1494 will resume the rise from 1.0351 to 61.8% projection of Read more…
Daily Pivots: (S1) 0.9993; (P) 1.0029; (R1) 1.0094; More… Intraday bias in USD/CHF stays neutral at this point. On the upside, break of 1.0072, and sustained trading above 1.0063, will confirm larger up trend resumption. Read more…
Daily Pivots: (S1) 147.59; (P) 148.23; (R1) 149.39; More… Intraday bias in USD/JPY remains on the upside and outlook is unchanged. Current up trend would target 61.8% projection of 130.38 to 140.33 from 145.89 at Read more…
Daily Pivots: (S1) 143.80; (P) 144.33; (R1) 145.17; More…. Intraday bias in EUR/JPY remains on the upside at this point. Decisive break of 145.62 resistance will will confirm up trend resumption. Next target is 100% Read more…