Japanese Yen remains depressed amid political turmoil and risk-on impulse
The Japanese Yen (JPY) maintains its offered tone through the early European session on Monday and seems vulnerable amid a combination of negative factors.
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Bound to See Sentiment-Driven Trading in a Daily Perspective
Markets US president Trump did on Friday what he does best: spice up a trading session. China announced tighter export controls on rare earths and other critical materials earlier in the week. Trump responded amongst others with an additional 100% tariff hike starting November 1. That would bring the effective rate to around 140%, killing […]
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USD/CAD softens to near 1.4000 as job data reduces BoC rate cut bets
The USD/CAD pair loses ground near 1.4000 during the early European session on Monday. The Canadian Dollar (CAD) edges higher against the US Dollar (USD) as the upbeat Canadian employment data reduced bets on another Bank of Canada (BoC) interest rate cut this month. -
Turkey Current Account Balance above forecasts ($5.3B) in August: Actual ($5.455B)
Turkey Current Account Balance above forecasts ($5.3B) in August: Actual ($5.455B) -
Hamas releases first Israeli hostages under Trump-brokered ceasefire as leaders head to Egypt for Gaza peace talks
Iraq’s Prime Minister Mohammed Shia Al-Sudani expressed hope the truce would be “sustainable and the beginning of a radical solution to this problem.” -
GBP/JPY Daily Outlook
Daily Pivots: (S1) 201.30; (P) 202.53; (R1) 203.20; More… Intraday bias in GBP/JPY remains neutral and more consolidations could be seen. With 201.24 resistance turned support intact, further rally is still in favor. Break of 205.30 will target 61.8% projection of 184.35 to 199.96 from 197.47 at 207.11. However, firm break of 201.24 will confirm […]
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GBP/JPY Daily Outlook
Daily Pivots: (S1) 201.30; (P) 202.53; (R1) 203.20; More… Intraday bias in GBP/JPY remains neutral and more consolidations could be seen. With 201.24 resistance turned support intact, further rally is still in favor. Break of 205.30 will target 61.8% projection of 184.35 to 199.96 from 197.47 at 207.11. However, firm break of 201.24 will confirm […]
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EUR/JPY Daily Outlook
Daily Pivots: (S1) 175.20; (P) 176.21; (R1) 176.74; More… Intraday bias in EUR/JPY remains neutral for the moment and some consolidations could be seen. Further rise is expected as long as 175.03 resistance turned support holds. On the upside, break of 177.91 will target 61.8% projection of 161.06 to 173.87 from 172.24 at 180.15 next. […]
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EUR/GBP Daily Outlook
Daily Pivots: (S1) 0.8681; (P) 0.8703; (R1) 0.8722; More… Intraday bias in EUR/GBP is mildly on the upside for retesting 0.8750. Firm break there will resume larger rally towards 0.8867 fibonacci level. On the downside, break of 0.8654 will resume the fall from 0.8750 to 0.8631 support next. In the bigger picture, rise from 0.8221 […]
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EUR/AUD Daily Outlook
Daily Pivots: (S1) 1.7711; (P) 1.7837; (R1) 1.8071; More… Intraday bias in EUR/AUD remains mildly on the upside for the moment. Fall from 1.8155 could have completed at 1.7569 already. Further rise should be seen to 18155 resistance. Firm break there will argue that whole corrective pattern from 1.8554 has also completed and bring retest […]
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