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Daily Pivots: (S1) 0.7941; (P) 0.7963; (R1) 0.7988; More… Intraday bias in USD/CHF stays neutral and outlook is unchanged. On the upside, sustained trading above 55 D EMA (now at 0.8014) will suggest that rise from 0.7828 is already correcting whole fall from 0.9200. Further rise should the be seen to 0.8170 resistance and possibly […]
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The US government has shut down from today as politicians failed to agree on a plan to continue funding it. This is not the first time this has happened, and it certainly won’t be the last. Since 1976, there have been around 20 government shutdowns, caused by funding gaps lasting at least one business day. […]
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In focus today In the euro area, focus turns to the September inflation report. We expect euro area inflation to increase to 2.2% y/y from 2.0% y/y. While inflation in some countries, like France and Spain, came in lower than expected, other countries such as Germany and Italy exceeded expectations. These opposing surprises have balanced […]
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Daily Pivots: (S1) 0.6580; (P) 0.6604; (R1) 0.6638; More… AUD/USD retreated after touching 0.6627 resistance and intraday bias stays neutral. Firm break of 0.6627 will suggest that pullback from 0.6706 has completed as correction, after drawing support from 55 D EMA (now at 0.6550). That will keep the larger rally from 0.5913 alive and bring […]
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Daily Pivots: (S1) 1.3900; (P) 1.3918; (R1) 1.3939; More… USD/CAD is staying in consolidations below 1.3957 temporary top and intraday bias remains neutral. On the upside, break of 1.3957 will resume the corrective rebound from 1.3538. But upside should be limited by 1.4014 cluster resistance to bring reversal. Meanwhile, sustained trading below 55 4H EMA […]
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Daily Pivots: (S1) 0.9324; (P) 0.9357; (R1) 0.9378; More… EUR/CHF retreated after brief spike to 0.9369 and intraday bias is turned neutral again. On the upside, above 0.9369 will target 0.9394 resistance. Firm break there should confirm that the pullback from 0.9452 has completed, and bring retest of this resistance. Nevertheless, break of 0.9311 will […]
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Daily Pivots: (S1) 0.8718; (P) 0.8732; (R1) 0.8740; More… EUR/GBP is staying in consolidations below 0.8750 and intraday bias remains neutral. Further rally is expected as long as 0.8694 support holds. Firm break of 0.8752 will resume larger rally to 61.8% projection of 0.8354 to 0.8752 from 0.8631 at 0.8877, which is close to 0.8867 […]
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Daily Pivots: (S1) 1.7689; (P) 1.7769; (R1) 1.7824; More… Intraday bias in EUR/AUD remains neutral and more consolidations could be seen below 1.7929. On the upside, above 1.7929 will resume the rebound from 1.7588 to retest 1.8155. However, sustained break of 61.8% retracement of 1.7245 to 1.8155 at 1.7593, will resume the fall from 1.8155 […]
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Daily Pivots: (S1) 198.39; (P) 199.09; (R1) 199.59; More… Intraday bias in GBP/JPY remains on the downside. Fall from 201.24 short term top should continue to 197.93 support. Firm break there will argue that whole rise from 184.35 has completed too and target 195.01 support next. For now, risk will stay on the downside as […]
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