Daily Pivots: (S1) 1.6187; (P) 1.6247; (R1) 1.6324; More… Intraday bias in EUR/AUD stays neutral first. On the upside, firm break of 1.6359 resistance will be the first sign of bullish reversal and target 1.6598 resistance for confirmation. On the downside, though, below 1.6125 minor support will bring retest of 1.5963 low. In the bigger […]
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In focus today In the euro area, focus turns to inflation data for Germany and Spain which we receive ahead of the euro area data tomorrow. We expect euro area headline inflation to rise to Read more…
Appetite on Wednesday was limited on both sides of the Atlantic Ocean. In the US, the crowded economic data came in mostly in line with expectations, confirming that the US economy grew 2.8% in Q3 Read more…
Daily Pivots: (S1) 1.0428; (P) 1.0486; (R1) 1.0548; More… Intraday bias in EUR/USD remains neutral and further decline is expected with 1.0609 resistance intact. On the downside, break of 1.0330 will resume the fall from Read more…