In focus today In the euro area, focus turns to the German ZEW index which is one of the first sentiment indicators for October. The indicator has declined in recent months due to both weaker Read more…
Daily Pivots: (S1) 1.1542; (P) 1.1586; (R1) 1.1614; More… Intraday bias in EUR/USD remains neutral as consolidations continue above 1.1540. Deeper decline is expected as long as 1.1778 resistance holds. On the downside, break of Read more…
Daily Pivots: (S1) 151.86; (P) 152.16; (R1) 152.59; More… Intraday bias in USD/JPY remains neutral and more consolidations could be seen below 153.26. Downside should be contained above 149.95 resistance turned support. Break of 153.26 Read more…
Daily Pivots: (S1) 1.3309; (P) 1.3338; (R1) 1.3360; More… Intraday bias in GBP/USD remains neutral and more consolidations could be seen above 1.3260. Overall outlook is unchanged that corrective pattern from 1.3787 is extending. Below Read more…
Daily Pivots: (S1) 0.8009; (P) 0.8033; (R1) 0.8067; More… Intraday bias in USD/CHF remains neutral and more consolidations could be seen below 0.8075. Price actions from 0.7828 are currently seen as correcting whole fall from Read more…
Daily Pivots: (S1) 1.4002; (P) 1.4021; (R1) 1.4059; More… USD/CAD’s rally resumed by breaking through 1.4033 and intraday bias is back on the upside. Sustained trading above 1.4014/7 will suggest that USD/CAD is already reversing Read more…
Daily Pivots: (S1) 0.6492; (P) 0.6513; (R1) 0.6534; More… AUD/USD falls sharply today but stays above 0.6472 temporary low. Intraday bias remains neutral first and more consolidations could be seen. Still, risk will remain on Read more…
Sentiment soured sharply in Asian markets, led by a steep selloff in Japan where the Nikkei reversed early gains to fall more than 3%. The downturn reflected a mix of political uncertainty in Tokyo and Read more…
The precious metals rally showed no sign of fatigue, with Gold surging beyond 4,000 and Silver clearing 50 in a powerful continuation of their uptrend. Neither milestone proved a deterrent, as safe-haven demand strengthened amid Read more…
Summary U.S.-China trade tensions are again front and center following the developments of late last week. China’s plan to impose strict export controls, especially on rare earth minerals, were matched by new tariff threats from Read more…