Markets Wednesday’s bumper 50 bps Fed kick-off yesterday resulted in a further steeping of the US curve, with the short end still challenging recent lows. The intraday price dynamics was briefly interrupted by a better than expected Philly Fed business outlook and even more by a decline in the weekly jobless claims (219k from 231k). […]
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Daily Pivots: (S1) 0.9347; (P) 0.9358; (R1) 0.9372; More…. EUR/CHF’s break of 0.9331 support suggests that triangle consolidation pattern from 0.9209 has completed. Intraday bias is now on the downside. Break of 0.9305 will target Read more…
Daily Pivots: (S1) 162.81; (P) 163.40; (R1) 164.52; More…. EUR/JPY’s fall from 166.67 resumed after brief consolidations, and intraday bias is back on the downside. As noted before, corrective rebound from 154.40 could have completed Read more…
Daily Pivots: (S1) 194.93; (P) 195.54; (R1) 196.71; More… GBP/JPY’s fall from 199.79 resumed after brief consolidations and intraday bias is back on the downside. As noted before, corrective rise from 180.00 could have completed Read more…