Markets Fixed income and FX markets yesterday had to cope with a divergent message from EMU and US data. German and Spanish August headline inflation slowed more than expected (German HICP -0.2% M/M and 2.0% from 2.6% vs 2.2% expected, Spain 0.0% M/M and 2.4% Y/Y from 2.9%). This provides some comfort for the ECB […]
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Daily Pivots: (S1) 196.89; (P) 197.35; (R1) 198.05; More… Intraday bias in GBP/JPY remains neutral as range trading continues below 199.79. Further rally is expected as long as 55 D EMA (now at 195.24) holds. Read more…
Daily Pivots: (S1) 163.65; (P) 164.23; (R1) 164.82; More…. Intraday bias in EUR/JPY remains neutral for consolidations above 163.19 temporary low. On the downside, sustained trading below 55 D EMA (now at 163.44) will argue Read more…
Daily Pivots: (S1) 0.8299; (P) 0.8322; (R1) 0.8337; More… Intraday bias in EUR/GBP stays neutral and more consolidations could be seen above 0.8259 temporary low. But further decline is expected as long as 0.8446 resistance Read more…