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EUR/USD is expected to expand further, approaching the 1.1535 range, as German industrial production continues to grow at a constant pace, 0.80% annually and 0.20% monthly in September, strongly supported by the automotive sector. Factory orders continued to progress, with a monthly rise of 0...
Reaction to the US elections was limited but expected. The Shanghai Composite was down 0.68%: Trump is free to continue his trade war. USD was lower, as combative US politics will head toward gridlock and disorder. Crude prices fell to USD 61...
We have many important events, the most important being the decline of the Republican Party in the US midterm elections, which will affect the chances of the US President to remain a strong president, so the President may not receive the necessary support to continue its economic policy Analysis...
Pivot (invalidation): 62.50 Our preference Short positions below 62.50 with targets at 61.30 & 60.70 in extension. Alternative scenario Above 62.50 look for further upside with 63.30 & 63.90 as targets...
Pivot (invalidation): 14.6200 Our preference Short positions below 14.6200 with targets at 14.4500 & 14.3600 in extension. Alternative scenario Above 14.6200 look for further upside with 14.7100 & 14.8200 as targets...
Pivot (invalidation): 1231.00 Our preference Short positions below 1231.00 with targets at 1223.00 & 1220.00 in extension. Alternative scenario Above 1231.00 look for further upside with 1233.00 & 1236.50 as targets...
Pivot (invalidation): 2721.50 Our preference Long positions above 2721.50 with targets at 2775.00 & 2798.00 in extension. Alternative scenario Below 2721.50 look for further downside with 2700.00 & 2675.00 as targets...
Pivot (invalidation): 11440.00 Our preference Long positions above 11440.00 with targets at 11570.00 & 11640.00 in extension. Alternative scenario Below 11440.00 look for further downside with 11370.00 & 11288.00 as targets...
Pivot (invalidation): 5.4000 Our preference Short positions below 5.4000 with targets at 5.2970 & 5.2450 in extension. Alternative scenario Above 5.4000 look for further upside with 5.4760 & 5.5280 as targets...
Pivot (invalidation): 0.7235 Our preference Long positions above 0.7235 with targets at 0.7290 & 0.7325 in extension. Alternative scenario Below 0.7235 look for further downside with 0.7210 & 0.7180 as targets...
Pivot (invalidation): 1.3125 Our preference Short positions below 1.3125 with targets at 1.3095 & 1.3070 in extension. Alternative scenario Above 1.3125 look for further upside with 1.3140 & 1.3155 as targets...
Pivot (invalidation): 1.0020 Our preference Short positions below 1.0020 with targets at 0.9985 & 0.9965 in extension. Alternative scenario Above 1.0020 look for further upside with 1.0045 & 1.0070 as targets...
Pivot (invalidation): 113.50 Our preference Short positions below 113.50 with targets at 112.95 & 112.75 in extension. Alternative scenario Above 113.50 look for further upside with 113.75 & 114.00 as targets...
Pivot (invalidation): 1.3080 Our preference Long positions above 1.3080 with targets at 1.3185 & 1.3230 in extension. Alternative scenario Below 1.3080 look for further downside with 1.3030 & 1.2970 as targets...
Pivot (invalidation): 1.1410 Our preference Long positions above 1.1410 with targets at 1.1500 & 1.1535 in extension. Alternative scenario Below 1.1410 look for further downside with 1.1390 & 1.1370 as targets...
The US midterm elections could be a critical event. Especially should the result deviate from consensus. Tomorrow election results will be viewed as the first major electoral test of President Donald Trump's policy including trade policies and tax relief...
EUR/USD is currently bouncing off a 1.1312 low (31 October), heading toward 1.1430 short-term. Italy’s deficit budget proposal of two weeks ago has pushed the single currency down against major currencies...
After the publication of data from the New Zealand labor market on Wednesday, investors will follow the RBNZ meeting. At 20:00 (GMT) the decision of the RBNZ on the interest rate will be published. As expected, the interest rate will remain at the same level of 1.75...
Pivot (invalidation): 63.55 Our preference Short positions below 63.55 with targets at 62.50 & 61.90 in extension. Alternative scenario Above 63.55 look for further upside with 64.15 & 64.70 as targets...
