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GBPJPY: The cross rallied strongly on Thursday opening the door for more price gain in the days ahead. On the downside, support comes in at the 149.00 level where a violation will aim at the 148.50 level. A break below here will target the 148.00 level followed by the 147.50 level...
Today’s South African Reserve Bank MPC decision is expected to maintain its Repo rate stable at 6.50% due to moderating inflation expectations within target corridor of 3-6% along with improving framework conditions for EM countries...
Switzerland’s foreign trade remained subdued in August amid weak demand from the US and Asia. Exports rose 0.6%m/m in August, while previous month figure was downwardly revised to -2%m/m from -1.4%. Imports contracted 2.8%m/m, compared to -1.3% in July. The trade balance rose to CHF 1...
Pivot (invalidation): 70.90 Our preference Long positions above 70.90 with targets at 72.30 & 72.85 in extension. Alternative scenario Below 70.90 look for further downside with 70.20 & 69.70 as targets...
Pivot (invalidation): 14.2100 Our preference Long positions above 14.2100 with targets at 14.4000 & 14.4900 in extension. Alternative scenario Below 14.2100 look for further downside with 14.1400 & 14.0700 as targets...
Pivot (invalidation): 1201.00 Our preference Long positions above 1201.00 with targets at 1208.50 & 1212.50 in extension. Alternative scenario Below 1201.00 look for further downside with 1198.00 & 1195.50 as targets...
Pivot (invalidation): 2900.00 Our preference Long positions above 2900.00 with targets at 2916.50 & 2925.00 in extension. Alternative scenario Below 2900.00 look for further downside with 2893.00 & 2886.00 as targets...
Pivot (invalidation): 12240.00 Our preference Short positions below 12240.00 with targets at 12155.00 & 12120.00 in extension. Alternative scenario Above 12240.00 look for further upside with 12300.00 & 12345.00 as targets...
Pivot (invalidation): 6.2870 Our preference Short positions below 6.2870 with targets at 6.2265 & 6.1755 in extension. Alternative scenario Above 6.2870 look for further upside with 6.3290 & 6.3780 as targets...
Pivot (invalidation): 0.7240 Our preference Long positions above 0.7240 with targets at 0.7275 & 0.7290 in extension. Alternative scenario Below 0.7240 look for further downside with 0.7220 & 0.7000 as targets...
Pivot (invalidation): 1.2945 Our preference Short positions below 1.2945 with targets at 1.2900 & 1.2880 in extension. Alternative scenario Above 1.2945 look for further upside with 1.2965 & 1.2985 as targets...
Pivot (invalidation): 0.9660 Our preference Long positions above 0.9660 with targets at 0.9680 & 0.9700 in extension. Alternative scenario Below 0.9660 look for further downside with 0.9635 & 0.9610 as targets...
Pivot (invalidation): 112.35 Our preference Short positions below 112.35 with targets at 112.00 & 111.85 in extension. Alternative scenario Above 112.35 look for further upside with 112.45 & 112.60 as targets...
Pivot (invalidation): 1.3170 Our preference Short positions below 1.3170 with targets at 1.3120 & 1.3100 in extension. Alternative scenario Above 1.3170 look for further upside with 1.3215 & 1.3245 as targets...
Pivot (invalidation): 1.1690 Our preference Short positions below 1.1690 with targets at 1.1665 & 1.1650 in extension. Alternative scenario Above 1.1690 look for further upside with 1.1715 & 1.1725 as targets...
USDCHF: The pair remains biased upside on price recovery. This is coming on the back of its second day of strength. On the downside, support lies at the 0.9650 level. A turn below here will open the door for more weakness towards the 0.9600 level and then the 0.9550 level...
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Ahead of today’s meeting in Salzburg, sterling is strengthening, currently trading along 1.3205 USD and approaching the 1.3215 range in the short-term. At stake is whether the pound will benefit or not. This depends on EU’s view: many disparities remain, and the October deadline looms...
As widely expected the BoJ kept interest rate unchanged at its September monetary meeting. The policy balance rate was maintained at -0.1%, while the 10-year yield target was left unchanged at 0...
