Swiss KOF Economic Barometer rose slightly from 93.5 to 93.8 in September, better than expectation of of 86.2. yet, the reading remains below its long-term average, “augurs a cooling of the Swiss economy for the Read more…
Daily Pivots: (S1) 157.21; (P) 158.83; (R1) 162.04; More… GBP/JPY’s rebound form 148.93 extended higher and the break of 160.64 support turned resistance argues that fall form 169.10 is totally completed. Intraday bias is back Read more…
Daily Pivots: (S1) 140.16; (P) 140.94; (R1) 142.46; More…. EUR/JPY’s rebound from 137.32 extends higher and focus is immediately on 142.29 resistance. Firm break there will indicate that the pull back from 145.62 has completed, Read more…
Daily Pivots: (S1) 0.8774; (P) 0.8877; (R1) 0.8934; More… EUR/GBP’s pull back from 0.9267 extends lower but stays above 0.8720 resistance turned support. Intraday bias remains neutral first. On the upside, above 0.9065 will turn Read more…
Daily Pivots: (S1) 1.4962; (P) 1.5045; (R1) 1.5180; More… EUR/AUD’s rally from 1.4281 is extending and intraday bias stays on the upside. Firm break of 61.8% projection of 1.4281 to 1.4965 from 1.4716 at 1.5139 Read more…
Daily Pivots: (S1) 0.9494; (P) 0.9543; (R1) 0.9617; More…. EUR/CHF’s recovery from 0.9407 extends higher but stays well below 0.9712 resistance. Intraday bias stays neutral and outlook remains bearish. Break of 0.9407 will resume larger Read more…
While some berated the UK government for collapsing the Pound on the government’s plans to cut taxes, others were buying the British currency. The Pound’s movement on Friday and Monday looks like a classic capitulation, Read more…
The Nasdaq 100 slips as a resilient labour market supports the Fed’s aggressive hikes. A breach below June’s low at 11100 could send the index deeper into bearish territory. The price is testing November 2020’s Read more…
The euro climbed as German inflation shot up in September. The current correction has found support at the base (137.40) of a bullish breakout in late August. This may help the six-month long rally to Read more…
The US dollar falls as GDP shows a 0.6% contraction last quarter. The pair is consolidating its gains after it rose above the double top at 0.9880. A slide below 0.9850 triggered profit-taking. Medium-term sentiment Read more…