Markets After three days of forceful data-driven market moves, especially on interest rate markets, it was time to take a step back and take a breather. EMU PPI remains elevated at 1.2% M/M and 37.2% Y/Y suggesting that pipeline pressures are still building. However, for once, an inflation data series didn’t surprise to the upside. […]
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Daily Pivots: (S1) 188.59; (P) 188.92; (R1) 189.33; More… Range trading continues in GBP/JPY and intraday bias stays neutral. Risk will remain on the downside as long as 190.06 resistance holds. Below 184.35 will target Read more…
Daily Pivots: (S1) 161.70; (P) 161.95; (R1) 162.21; More… Range trading continues in EUR/JPY and intraday bias stays neutral for the moment. On the upside, above 164.16 will resume the rally from 154.77 to 164.89 Read more…
Daily Pivots: (S1) 0.8558; (P) 0.8570; (R1) 0.8583; More… Intraday bias in EUR/GBP stays neutral as consolidation from 0.8737 is still extending. Further rise is expected as long as 0.8518 support holds. On the upside, Read more…