Market movers today This morning we get euro area industrial production for August. After a big drop in July of 2.3% m/m it is expected to recover somewhat in the August reading. US PPI for Read more…
UK GDP contracted -0.3% mom in August, worst than expectation of 0.1% mom expansion. In the three months to August, compared with the three months, GDP contracted by -0.3%, with -1.5% fall in production, -0.1% Read more…
Daily Pivots: (S1) 158.96; (P) 160.82; (R1) 161.90; More… Intraday bias in GBP/JPY remains neutral and outlook is unchanged. On the downside, below 159.41 minor support will turn bias back to the downside for 148.93 Read more…
Daily Pivots: (S1) 140.95; (P) 141.58; (R1) 142.14; More…. Intraday bias in EUR/JPY remains neutral and outlook is unchanged. On the downside, break of 140.77 minor support will turn bias back to the downside, to Read more…
Daily Pivots: (S1) 0.8758; (P) 0.8809; (R1) 0.8894; More… EUR/GBP’s breach of 0.8848 minor resistance argues that pull back from 0.9267 might have completed at 0.8647 already, supported above 55 day EMA. Intraday bias is Read more…
Daily Pivots: (S1) 1.5403; (P) 1.5461; (R1) 1.5525; More… Intraday bias in EUR/AUD remains on the upside at this point. Current rally from 1.4281 should target 161.8% projection of 1.4281 to 1.4965 from 1.4716 at Read more…
Daily Pivots: (S1) 0.9656; (P) 0.9686; (R1) 0.9703; More…. Intraday bias in EUR/CHF remains neutral at this point. On the upside, above 0.9798 will resume the rebound to 0.9864 resistance. Firm break there will solidify Read more…
USD/JPY: Looking at the H4 chart, the current overall bias for USDJPY is bullish . To add confluence to this bias, the price is currently above the Ichimoku cloud which indicates a bullish market. Overnight, Read more…
Daily Pivots: (S1) 1.3722; (P) 1.3788; (R1) 1.3862; More… Intraday bias in USD/CAD stays on the upside with 1.3701 minor support intact. Current up trend should target 161.8% projection of 1.2005 to 1.2947 from 1.2401 Read more…
Daily Pivots: (S1) 0.6231; (P) 0.6289; (R1) 0.6329; More… Intraday bias in AUD/USD stays on the downside at this point as down trend is in progress. Next target is 100% projection of 0.7660 to 0.6680 Read more…