Daily Pivots: (S1) 148.58; (P) 148.94; (R1) 149.46; More… Intraday bias in USD/JPY remains neutral for consolidations below 149.58 temporary top. Further rally is expected as long as 145.91 support holds. Above 149.58 will resume the rise from 139.57 short term bottom to 61.8% retracement of 161.94 to 139.57 at 153.39. In the bigger picture, […]
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Today, some traders may still be away due to Columbus Day in the US, though the stock market is open while the bond market is closed. But this could still lead to thinner liquidity. The Read more…
Markets The US yield curve finished last week with a little steepening. Net daily changes varied between -0.2 bps (2-yr) to +5.2 bps (30-yr), underpinned by second-tier data including decelerating and slightly below-consensus September PPIs. Read more…
Daily Pivots: (S1) 194.07; (P) 194.66; (R1) 195.47; More… Intraday bias in GBP/JPY stays neutral at this point. On the upside break of 195.95 will resume whole rise from 180.00 to 61.8% retracement of 208.09 Read more…