Daily Pivots: (S1) 1.7709; (P) 1.7737; (R1) 1.7768; More… For now, further fall remains in favor in EUR/AUD for 1.7627 support. Firm break there will argue that decline from 0.8160 is ready to resume through Read more…
Daily Pivots: (S1) 0.9325; (P) 0.9335; (R1) 0.9353; More…. Intraday bias in EUR/CHF stays neutral as consolidations continue below 0.9349 temporary top. As noted before, fall from 0.9660 could have completed at 0.9178, on bullish Read more…
Markets Bonds suffered in a global bear steepening move yesterday. Bank of Japan’s Ueda was widely considered to have started the fire by giving a clear nod towards a December rate hike. At 0.75% (from Read more…
Daily Pivots: (S1) 1.1582; (P) 1.1617; (R1) 1.1644; More… EUR/USD is still staying in range below 1.1655 and intraday bias remains neutral. On the upside, decisive break of 1.1655 will complete a head and should Read more…
Daily Pivots: (S1) 154.71; (P) 155.43; (R1) 156.21; More… Intraday bias in USD/JPY remains mildly on the downside with focus on near term rising channel support (now at 154.44). Strong support could be seen there Read more…
Daily Pivots: (S1) 1.3188; (P) 1.3232; (R1) 1.3257; More… GBP/USD retreated quickly after edging higher to 1.3274 and intraday bias is turned neutral again. On the upside, sustained trading above 55 D EMA (now at Read more…
Daily Pivots: (S1) 0.8013; (P) 0.8031; (R1) 0.8067; More… Overall outlook is unchanged that price actions from 0.7828 low is seen as a corrective pattern. Intraday bias in USD/CHF is mildly on the downside for Read more…
Daily Pivots: (S1) 0.6532; (P) 0.6549; (R1) 0.6562; More… Intraday bias in AUD/USD stays mildly on the upside despite some loss of momentum. Decisive break of 0.6579 resistance should confirm that whole fall from 0.6706 Read more…
Wow, the month started very strongly, with Bank of Japan (BoJ) head Ueda hinting yesterday that the BoJ could deliver a rate hike next month — and boom, all hell broke loose. Japanese yields spiked Read more…
In focus today In the euro area, focus turns to the flash inflation data for November. On Friday we received data from the biggest four countries, which came in lower than expected pointing to unchanged Read more…