United States Pending Home Sales (MoM) increased to 1.9% in October from previous 0%
United States Pending Home Sales (MoM) increased to 1.9% in October from previous 0%
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US November Richmond Fed composite index -15 vs -4 prior
- Prior -4
- Services index -4 vs +4 prior
- Manufacturing shipments -14 vs +4 prior
This article was written by Giuseppe Dellamotta at investinglive.com.
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USD/JPY Mid-Day Outlook
Daily Pivots: (S1) 156.46; (P) 156.82; (R1) 157.30; More… USD/JPY’s pullback from 157.88 extends lower today but stays well above 154.47 resistance turned support. Intraday bias remains neutral and further rally is expected. On the upside, break of 157.88 will resume the whole rally from 139.87, and target 161.8% projection of 146.58 to 153.26 from […]
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US pending home sales, consumer confidence, and Richmond Fed to be released at 10 AM ET
US data will be released at 10 AM including:
- Pending home sales for October. Estimate 0.5%
- Consumer confidence for November. Estimate 93.4 versus 94.6 in October.
- Richmond Fed composite index for November. Last month -4.0
This article was written by Greg Michalowski at investinglive.com.
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NZD: Weakness amid deteriorating asset holdings – BNY
BNY highlights the ongoing challenges facing the New Zealand Dollar (NZD) as it transitions into a funding currency due to low yields. -
USD/CHF Mid-Day Outlook
Daily Pivots: (S1) 0.8063; (P) 0.8082; (R1) 0.8104; More… A temporary top should be in place at 0.8101 in USD/CHF, and intraday bias is turned neutral first. 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 […]
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JPY leads G10 as BoJ hike bets reignite – Scotiabank
The Japanese Yen (JPY) is outperforming all G10 currencies as markets revive expectations of a December BoJ rate hike, driven by domestic pressures and growing calls to tackle inflation, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report. -
USDCAD Technicals: The USDCAD trades up and down, but holding close support
The USDCAD has rotated back lower and sits close to unchanged on the session, but importantly, the pair continues to find buyers against support near 1.4104. That level has acted as a dependable floor today, and the market’s ability to hold it has allowed price to bounce back to the upside and stabilize.
From here, the topside roadmap remains well-defined. The high from last week at 1.4130 is the first key upside hurdle. A break above that opens the door toward the double-top region from early November near 1.4140, a level that previously capped bullish attempts and remains an important technical barrier. If momentum strengthens and buyers can push through that ceiling, the next major target comes into focus at the 50% midpoint of the 2025 trading range, measured from the January high. That key retracement level sits at 1.41655, and would represent a more significant shift back toward broader bullish control.
In the video above, I walk through these technical markers in detail, outlining the levels that matter most and the bias drivers that are shaping the market’s next move.
This article was written by Greg Michalowski at investinglive.com.
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GBP/USD Mid-Day Outlook
Daily Pivots: (S1) 1.3083; (P) 1.3101; (R1) 1.3121; More… GBP/USD rebounds notably today but stays in range of 1.3008/3247, and intraday bias remains neutral. With 1.3247 support turned resistance intact, further decline is expected. On the downside, break of 1.3008 will resume the fall from 1.3725 to 138.2% projection of 1.3787 to 1.3140 from 1.3725 […]
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GBP edges higher ahead of UK budget – Scotiabank
The Pound Sterling (GBP) is slightly stronger as traders await Wednesday’s UK budget, with much pessimism already priced in and rising odds of a near-term relief rally, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report.
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