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Yesterday’s UK budget presentation by Chancellor of the Exchequer Philip Hammond took some steam out of sterling. His spending deficit of GBP 15 billion amounts to 1.40% of GDP in 2019, with boosts in healthcare, housing and fuel...
CNY fell to its lowest level against the USD since 2008, reaching 6.9641 on news that America is preparing new tariffs on all remaining Chinese imports, if talks on 30 November between US President Trump and China’s President Xi Jinping fail...
Investors continue to analyze the budget submitted on Monday. Finance Minister Philip Hammond announced the completion of the savings regime, signaling an increase in government spending in the coming years...
Pivot (invalidation): 67.35 Our preference Short positions below 67.35 with targets at 66.70 & 66.30 in extension. Alternative scenario Above 67.35 look for further upside with 67.60 & 67.95 as targets...
Pivot (invalidation): 14.5700 Our preference Short positions below 14.5700 with targets at 14.4500 & 14.4000 in extension. Alternative scenario Above 14.5700 look for further upside with 14.6500 & 14.7200 as targets...
Pivot (invalidation): 1230.50 Our preference Short positions below 1230.50 with targets at 1226.00 & 1224.00 in extension. Alternative scenario Above 1230.50 look for further upside with 1233.50 & 1235.50 as targets...
Pivot (invalidation): 2602.50 Our preference Long positions above 2602.50 with targets at 2723.00 & 2755.00 in extension. Alternative scenario Below 2602.50 look for further downside with 2570.00 & 2540.00 as targets...
Pivot (invalidation): 11200.00 Our preference Long positions above 11200.00 with targets at 11440.00 & 11525.00 in extension. Alternative scenario Below 11200.00 look for further downside with 11050.00 & 10940.00 as targets...
Pivot (invalidation): 5.5700 Our preference Short positions below 5.5700 with targets at 5.5300 & 5.5000 in extension. Alternative scenario Above 5.5700 look for further upside with 5.5960 & 5.6400 as targets...
Pivot (invalidation): 0.7065 Our preference Long positions above 0.7065 with targets at 0.7105 & 0.7120 in extension. Alternative scenario Below 0.7065 look for further downside with 0.7050 & 0.7035 as targets...
Pivot (invalidation): 1.3135 Our preference Short positions below 1.3135 with targets at 1.3080 & 1.3065 in extension. Alternative scenario Above 1.3135 look for further upside with 1.3160 & 1.3180 as targets...
Pivot (invalidation): 1.0005 Our preference Long positions above 1.0005 with targets at 1.0025 & 1.0045 in extension. Alternative scenario Below 1.0005 look for further downside with 0.9985 & 0.9970 as targets...
Pivot (invalidation): 112.40 Our preference Long positions above 112.40 with targets at 112.90 & 113.10 in extension. Alternative scenario Below 112.40 look for further downside with 112.20 & 112.00 as targets...
Pivot (invalidation): 1.2830 Our preference Short positions below 1.2830 with targets at 1.2790 & 1.2775 in extension. Alternative scenario Above 1.2830 look for further upside with 1.2855 & 1.2875 as targets...
Pivot (invalidation): 1.1395 Our preference Short positions below 1.1395 with targets at 1.1365 & 1.1335 in extension. Alternative scenario Above 1.1395 look for further upside with 1.1420 & 1.1445 as targets...
It has been a slow start to the week in the FX market as most currency pairs were little changed during the Asian session. With the exception of the New Zealand dollar that rose 0.70% against the buck. NZD/USD jumped back to 0.6550, up 1.30% from yesterday’s low...
Pivot (invalidation): 66.95 Our preference Long positions above 66.95 with targets at 68.50 & 68.90 in extension. Alternative scenario Below 66.95 look for further downside with 66.65 & 66.20 as targets...
Pivot (invalidation): 14.6400 Our preference Long positions above 14.6400 with targets at 14.7300 & 14.7800 in extension. Alternative scenario Below 14.6400 look for further downside with 14.5700 & 14.5200 as targets...
