Germany GfK Consumer Confidence Survey meets forecasts (-23.2) in December
Germany GfK Consumer Confidence Survey meets forecasts (-23.2) in December
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EUR/GBP Daily Outlook
Daily Pivots: (S1) 0.8735; (P) 0.8777; (R1) 0.8798; More… Intraday bias in EUR/GBP remains on the downside for the moment. Sustained trading below 55 D EMA (now at 0.8743) will be an early sign of bearish trend reversal. Deeper fall should then be seen to 0.8631 cluster (38.2% retracement of 0.8221 to 0.8663 at 0.8618. […]
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European markets head for lackluster open as investors take a breath
European markets are expected to see a lackluster mixed open on Thursday as investors take stock of the regional and global economic outlook. -
FX option expiries for 27 November 10am New York cut
There is arguably just one to take note of on the day, as highlighted in bold below.
That being for EUR/USD at the 1.1575 level. It doesn’t tie to any technical significance and amid the lack of trading appetite with the Thanksgiving holidays, I wouldn’t ascribe much impact to the expiries. We might just see relatively more muted trading conditions overall with little conviction to move in FX as the equities rebound this week hits pause.
There will be more expiries to consider tomorrow but just be reminded that the Thanksgiving breather typically extends through to the weekend. Month-end flows might be a consideration though.
For more information on how to use this data, you may refer to this post here.
Head on over to investingLive (formerly ForexLive) to get in on the know!
This article was written by Justin Low at investinglive.com.
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EUR/AUD Daily Outlook
Daily Pivots: (S1) 1.7750; (P) 1.7823; (R1) 1.7864; More… Intraday bias in EUR/AUD remains neutral for the moment. On the downside, firm break of 1.7739 support will argue that rebound from 1.7561 has completed, and turn bias back to the downside for this support. On the upside, above 0.7976 will resume the rebound towards 0.8160 […]
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EUR/CHF Daily Outlook
Daily Pivots: (S1) 0.9316; (P) 0.9331; (R1) 0.9342; More…. Intraday bias in EUR/CHF is turned neutral with current retreat, and some consolidations would be seen below 0.9349. Still, fall from 0.9660 could have completed at 0.9178, on bullish convergence condition in D MACD. Above 0.9349 will target 0.9452 resistance next. However, break of 0.9275 will […]
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EUR/USD Daily Outlook
Daily Pivots: (S1) 1.1563; (P) 1.1582; (R1) 1.1617; More… No change in EUR/USD’s outlook as sideway trading continues. Intraday bias remains neutral. Further decline is expected with 1.1655 resistance intact. On the downside, below 1.1490 and 1.1467 will resume the whole decline from 1.1917 high. Next targets are 1.1390, and then 38.2% retracement of 1.0176 […]
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USD/JPY Daily Outlook
Daily Pivots: (S1) 155.82; (P) 156.28; (R1) 156.91; More… Intraday bias in USD/JPY remains neutral and more consolidations could be seen below 157.88. Downside should be contained by 154.47 resistance turned support. On the upside, break of 157.88 will resume the whole rally from 139.87. Next target is 158.86 structural resistance, and then 161.94 high. […]
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GBP/USD Daily Outlook
Daily Pivots: (S1) 1.3162; (P) 1.3204; (R1) 1.3282; More… GBP/USD’s break of 1.3247 support turned resistance suggests that fall from 1.3787 has completed as a three-wave correction at 1.3008. Intraday bias is back on the upside. Sustained break above 55 D EMA (now at 1.3268) should confirm and target a retest on 1.3725/3787 resistance zone. […]
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USD/CHF Daily Outlook
Daily Pivots: (S1) 0.8027; (P) 0.8055; (R1) 0.8072; More… Intraday bias in USD/CHF remains neutral for the moment. No change in the outlook that current rise from 0.7877 is still seen as the third leg of the corrective pattern from 0.7828 low. Above 0.8101 will target 0.8123 resistance, and then 138.2% projection of 0.7828 to […]
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