Markets UK gilts rally, outperforming their US and European peers dramatically in the process. British yields drop between 8.1 and 8.9 bps after sub-consensus inflation numbers. September headline CPI flatlined on a monthly basis and caused the annual print to match August’s 3.8%. The Bank of England for the last couple of months had been […]
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Energy Sec. Wright is on the news wires saying that the US Strategic Petroleum Reserve (SPR) will be gradually filled up. He also added that:
The US yesterday said that they would be going 1 million barrels for SPR for delivery in December and January.
Crude oil is trading up $1.48 at $58.73. The low price last week reached $55.96. That was short of the 2025 the low price of $55.15.
Looking at the daily chart, there is a swing area between $59.78 and $60.10. Getting above that level will now target another swing area between $61.45 and $61.94
This article was written by Greg Michalowski at investinglive.com.
Daily Pivots: (S1) 1.1580; (P) 1.1618; (R1) 1.1637; More… Intraday bias in EUR/USD remains neutral and further decline is expected. Break of 1.1540 will resume the fall from 1.197 to 1.1390 support, or even further to 38.2% retracement of 1.0176 to 1.1917 at 1.1252. On the upside, though, break of 1.1727 resistance will turn bias […]
The post EUR/USD Mid-Day Outlook appeared first on Action Forex.
Daily Pivots: (S1) 1.1580; (P) 1.1618; (R1) 1.1637; More… Intraday bias in EUR/USD remains neutral and further decline is expected. Break of 1.1540 will resume the fall from 1.197 to 1.1390 support, or even further to 38.2% retracement of 1.0176 to 1.1917 at 1.1252. On the upside, though, break of 1.1727 resistance will turn bias […]
The post EUR/USD Mid-Day Outlook appeared first on Action Forex.
Daily Pivots: (S1) 0.7930; (P) 0.7949; (R1) 0.7982; More… Intraday bias in USD/CHF stays neutral and further fall is in favor with 0.7984 minor resistance intact. On the downside, 0.7913 minor support will turn bias to the downside for 0.7872 and then 0.7828 low. Firm break there will resume larger down trend. However, break of […]
The post USD/CHF Mid-Day Outlook appeared first on Action Forex.
Daily Pivots: (S1) 0.7930; (P) 0.7949; (R1) 0.7982; More… Intraday bias in USD/CHF stays neutral and further fall is in favor with 0.7984 minor resistance intact. On the downside, 0.7913 minor support will turn bias to the downside for 0.7872 and then 0.7828 low. Firm break there will resume larger down trend. However, break of […]
The post USD/CHF Mid-Day Outlook appeared first on Action Forex.
Daily Pivots: (S1) 150.87; (P) 151.53; (R1) 152.58; More… No change in USD/JPY’s outlook and intraday bias stays on the upside for retesting 153.26. Break there will resume larger rally from 139.87 to 100% projection of 142.66 to 150.90 from 145.47 at 153.71. Firm break there would prompt upside acceleration to 161.8% projection at 158.80. […]
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