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As expected, the European Central Bank left monetary policy unchanged on Thursday; the key rate remained unchanged at 0% and the ECB deposit rate for commercial banks at -0.4%. The ECB management said: “Net asset purchases will end at the end of December 2018, depending on the incoming data...
Optimism for long Turkish lira (TRY) investors appears to be a sound strategy since the release of US pastor Andrew Brunson on 12 October. The lira remains below the 6 range against the greenback and has risen 4...
The European Central Bank is expected to keep policy unchanged today. Nevertheless, in light of yesterday disappointing PMIs figure from the euro-area, one cannot exclude that Mario Draghi would shift to a more cautious tone regarding the growth outlook...
Pivot (invalidation): 66.90 Our preference Short positions below 66.90 with targets at 65.75 & 65.45 in extension. Alternative scenario Above 66.90 look for further upside with 67.35 & 67.70 as targets...
Pivot (invalidation): 14.6200 Our preference Long positions above 14.6200 with targets at 14.8000 & 14.8500 in extension. Alternative scenario Below 14.6200 look for further downside with 14.5600 & 14.4900 as targets...
Pivot (invalidation): 1231.00 Our preference Long positions above 1231.00 with targets at 1240.00 & 1244.00 in extension. Alternative scenario Below 1231.00 look for further downside with 1225.50 & 1220.00 as targets...
Pivot (invalidation): 2709.50 Our preference Short positions below 2709.50 with targets at 2630.00 & 2570.00 in extension. Alternative scenario Above 2709.50 look for further upside with 2755.00 & 2817.25 as targets...
Pivot (invalidation): 11320.00 Our preference Short positions below 11320.00 with targets at 11070.00 & 11000.00 in extension. Alternative scenario Above 11320.00 look for further upside with 11395.00 & 11520.00 as targets...
Pivot (invalidation): 5.7460 Our preference Short positions below 5.7460 with targets at 5.6800 & 5.6500 in extension. Alternative scenario Above 5.7460 look for further upside with 5.7750 & 5.8050 as targets...
Pivot (invalidation): 0.7065 Our preference Long positions above 0.7065 with targets at 0.7090 & 0.7105 in extension. Alternative scenario Below 0.7065 look for further downside with 0.7055 & 0.7040 as targets...
Pivot (invalidation): 1.3060 Our preference Short positions below 1.3060 with targets at 1.3000 & 1.2965 in extension. Alternative scenario Above 1.3060 look for further upside with 1.3080 & 1.3100 as targets...
Pivot (invalidation): 0.9975 Our preference Short positions below 0.9975 with targets at 0.9940 & 0.9925 in extension. Alternative scenario Above 0.9975 look for further upside with 0.9990 & 1.0010 as targets...
Pivot (invalidation): 112.30 Our preference Short positions below 112.30 with targets at 111.80 & 111.60 in extension. Alternative scenario Above 112.30 look for further upside with 112.50 & 112.75 as targets...
Pivot (invalidation): 1.2930 Our preference Short positions below 1.2930 with targets at 1.2860 & 1.2820 in extension. Alternative scenario Above 1.2930 look for further upside with 1.2970 & 1.3005 as targets...
Pivot (invalidation): 1.1425 Our preference Short positions below 1.1425 with targets at 1.1380 & 1.1360 in extension. Alternative scenario Above 1.1425 look for further upside with 1.1450 & 1.1475 as targets...
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Most currency pairs continued to consolidate on Wednesday as investors already started to shift attention towards the upcoming ECB meeting...
Pivot (invalidation): 67.20 Our preference Short positions below 67.20 with targets at 65.70 & 65.05 in extension. Alternative scenario Above 67.20 look for further upside with 67.90 & 68.50 as targets...
