Italy Industrial Output w.d.a (YoY) came in at -0.3% below forecasts (0.2%) in October
Italy Industrial Output w.d.a (YoY) came in at -0.3% below forecasts (0.2%) in October
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EUR/CHF Daily Outlook
Daily Pivots: (S1) 0.9362; (P) 0.9380; (R1) 0.9390; More…. Intraday bias in EUR/CHF is turned neutral with current retreat and some consolidations could be seen below 0.9394 temporary top. Further rise is expected as long as 0.9325 support holds. Above 0.9394 will resume the rebound from 0.9178 to 0.9452 key structural resistance. Decisive break there […]
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USD/CAD Daily Outlook
Daily Pivots: (S1) 1.3826; (P) 1.3844; (R1) 1.3863; More… Intraday bias in USD/CAD stays neutral and more consolidations would be seen above 1.3798 temporary low. Upside of recovery should be limited below 1.3936 support turned resistance. on the downside, break of 1.3798 will resume the fall from 1.4139 to 61.8% retracement of 1.3538 to 1.4139 […]
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USD/INR recovers even as US Dollar declines ahead of Fed’s policy
The Indian Rupee (INR) gives back early gains and flattens against the US Dollar (USD) during afternoon trading hours in India on Wednesday. -
AUD/USD Daily Report
Daily Pivots: (S1) 0.6616; (P) 0.6635; (R1) 0.0.6661; More… AUD/USD’s rise from 0.6420 is in progress and intraday bias stays on the upside for retesting 0.6705 high. Decisive break there will confirm and target 61.8% projection of 0.5913 to 0.6706 from 0.6420 at 0.6910. On the downside, below 0.6607 minor support will turn intraday bias […]
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AUD/USD: Likely to test 0.6660 before a pullback is likely – UOB Group
Australian Dollar (AUD) could test 0.6660 before a pullback is likely; the major resistance at 0.6685 is likely out of reach. In the longer run, further AUD strength is not ruled out; it remains to be seen if 0.6685 is within reach, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. -
Gold extends the range play as traders await Fed decision and forward guidance
Gold (XAU/USD) extends its sideways consolidative price move through the early European session and trades just below the weekly high touched earlier this Wednesday. -
USD/JPY Daily Outlook
Daily Pivots: (S1) 156.11; (P) 156.53; (R1) 157.33; More… USD/JPY’s rise from 154.33 is in progress and intraday bias remains on the upside for 157.88 and above. Firm break of 158.85 structural resistance will be a strong bullish sign, and should target a retest on 161.94 high next. For now, risk will stays mildly on […]
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EUR/USD steadies with Fed’s monetary policy front and centre
EUR/USD is trimming some losses on Wednesday, trading at 1.1635 at the time of writing after bouncing from 1.1615 lows on Tuesday. -
CNY: China’s CPI ticks higher, but deflation pressures linger beneath the surface – Commerzbank
At first glance, the inflation data from China published this morning suggests that deflationary pressure appears to be easing. At least consumer prices rose at an annual rate of 0.7%, which is significantly faster than recently (0.2% in October).
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