The pound remains on the back foot against the US dollar, pressured by growing market conviction that the Bank of England (BoE) will sustain its accommodative monetary policy stance for longer than the US Federal Read more…
Markets UK inflation data illustrated yesterday that market-/policy relevant data still have the potential to move markets. UK Gilts decisively outperformed Bunds and Treasuries after less worse than feared UK September inflation data. UK headline Read more…
Daily Pivots: (S1) 202.19; (P) 202.73; (R1) 203.53; More… GBP/JPY’s break of 203.41 resistance suggests that pullback from 205.30 has completed. Intraday bias is back on the upside for retesting 205.30 first. Firm break there Read more…
Daily Pivots: (S1) 175.97; (P) 176.21; (R1) 176.64; More… EUR/JPY’s break of 176.44 minor resistance suggests that pullback from 177.91 has completed. Intraday bias is back on the upside for retesting 177.91. Firm break there Read more…
Daily Pivots: (S1) 0.8670; (P) 0.8692; (R1) 0.8712; More… Intraday bias in EUR/GBP remains neutral as sideway trading continues. On the downside, break of 0.8654 will resume the fall from 0.8750 to 0.8631 support. Decisive Read more…
Daily Pivots: (S1) 1.7840; (P) 1.7884; (R1) 1.7936; More… Intraday bias in EUR/AUD remains neutral and further rally is in favor with 1.7818 support intact. On the upside, above 1.7965 will turn bias back to Read more…
Daily Pivots: (S1) 0.9227; (P) 0.9237; (R1) 0.9251; More… Intraday bias in EUR/CHF remains neutral and more consolidations would be seen above 0.9208. Outlook will remain bearish as long as 0.9311 support turned resistance holds. Read more…
Daily Pivots: (S1) 1.3970; (P) 1.4001; (R1) 1.4026; More… USD/CAD is extending the consolidation pattern from 1.4078 and intraday bias remains neutral. While deeper retreat cannot be ruled out, further rally is still expected as Read more…
Daily Pivots: (S1) 0.6475; (P) 0.6493; (R1) 0.6509; More… AUD/USD is still bounded in sideway trading and intraday bias stays neutral. Further decline is in favor as long as 55 D EMA (now at 0.6540) Read more…
Daily Pivots: (S1) 1.1584; (P) 1.1603; (R1) 1.1629; More… Intraday bias in EUR/USD remains neutral for the moment. With 1.1727 resistance intact, further decline is expected. Break of 1.1540 will resume the fall from 1.1917 Read more…