Daily Pivots: (S1) 0.9368; (P) 0.9382; (R1) 0.9404; More…. EUR/CHF’s rally from 0.9178 is in progress and intraday bias stays on the upside for 0.9452 key structural resistance. Decisive break there will carry larger bullish Read more…
Daily Pivots: (S1) 0.8722; (P) 0.8738; (R1) 0.8750; More… Intraday bias in EUR/GBP stays neutral for consolidations and with 0.8800 resistance intact, further decline is expected. Fall from 0.8863 should at least be a correction Read more…
Daily Pivots: (S1) 1.7499; (P) 1.7565; (R1) 1.7599; More… No change in EUR/AUD”s outlook and intraday bias stays on the downside. Fall from 1.8160 is seen as the third leg of the pattern from 1.8554. Read more…
Gold is trading in a holding pattern near 4,200 USD per ounce on Tuesday, as markets remain in a state of suspended animation ahead of the Federal Reserve’s policy decision. While a 25-basis-point rate cut Read more…
The RBA kept the cash rate on hold as expected. The Board was slightly more hawkish but Governor Bullock was firmly focused on the upside risks to inflation. We are less convinced that capacity constraints Read more…
Markets In advance one could have assumed that a thin calendar and markets awaiting additional guidance from Wednesday’s Fed meeting to result in subdued technical trading in core yield markets. Quod non. It didn’t take Read more…
Daily Pivots: (S1) 180.80; (P) 181.15; (R1) 181.81; More… EUR/JPY is still bounded in range below 181.98 and intraday bias stays neutral. With 179.74 support intact, further rally is expected. On the upside, break of Read more…
In focus today In the US, the delayed September JOLTs report is finally due for release in the afternoon. The number of job openings is a key measure of labour demand for the Fed, and Read more…
Daily Pivots: (S1) 206.94; (P) 207.37; (R1) 208.16; More… GBP/JPY’s rally resumed after brief consolidations and it’s now pressing 208.09 high. Intraday bias is back on the upside, and decisive break of 208.09 will confirm Read more…
Global markets adopted a more cautious tone today, with Asian equities drifting lower after Wall Street’s soft session. The price action reflects hesitation rather than fear, with most investors choosing not to commit ahead of Read more…