Key takeaways Euro weakness stabilizes: EUR/USD’s recent 3.25% drop from its September high has stalled at the key 1.1530 medium-term support level. French political uncertainty eases: The reappointment of Prime Minister Lecornu and reduced sovereign Read more…
The UK economy expanded modestly by 0.1% mom in August, in line with expectations, suggesting that activity remains subdued but stable. Industrial production rose 0.4% mom, helping to offset flat performance in the dominant services Read more…
In focus today In the UK, August GDP-data is released. After a strong Q1, the economy has slowed, which is bad news for the Labour government ahead of the November budget, where the fiscal wiggle Read more…
Key Highlights WTI Crude Oil prices started a fresh decline below the $60.00 support. A key bearish trend line is forming with resistance at $61.00 on the 4-hour chart. Gold rallied further to a new Read more…
Daily Pivots: (S1) 1.1617; (P) 1.1632; (R1) 1.1663; More… EUR/USD’s recovery from 1.1540 extends higher but stays well below 1.7778 resistance. Intraday bias remains neutral and further decline is still expected. On the downside, break Read more…
Daily Pivots: (S1) 151.41; (P) 152.01; (R1) 152.42; More… USD/JPY is still staying in consolidations below 153.26 and intraday bias remains neutral. Downside should be contained by 149.95 resistance turned support. Break of 153.26 will Read more…
Daily Pivots: (S1) 1.3344; (P) 1.3376; (R1) 1.3435; More… GBP/USD’s rebound from 1.3247 extends higher today, but stays below 1.3526 resistance. Intraday bias remains neutral at this point. Fall from 1.3725 could still extend lower Read more…
Daily Pivots: (S1) 0.7944; (P) 0.7980; (R1) 0.8003; More… USD/CHF’s break of 0.7944 support argues that rebound from 0.7828 has completed with three waves up to 0.8075. Intraday bias is back on the downside for Read more…
Daily Pivots: (S1) 0.6488; (P) 0.6506; (R1) 0.6529; More… AUD/USD dips mildly today but stays above 0.6439 temporary low. Intraday bias remains neutral first. On the downside, break of 0.6439 will target 0.6413 cluster support Read more…
Daily Pivots: (S1) 1.4026; (P) 1.4043; (R1) 1.4059; More… USD/CAD’s rally lost momentum after hitting 1.4078 and intraday bias is turned neutral first. Some consolidations could be seen but further rally is expected as long Read more…