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First, a review of last week’s events: - EUR/USD. What was expected did happen: on Wednesday, October 30, the US Federal Reserve lowered the interest rate on the dollar from 2.0% to 1.75...
The most expected Fed hawkish cut followed by the negative release of September Core PCE and Chicago PMI have maintained investors on the sideline ahead of key labor and manufacturing data to be released today...
Switzerland’s headline inflation missed widely expectations in October. The consumer price index contracted 0.3%y/y, following a decrease of 0.1% in the previous month, while market participants anticipated a flat reading...
Pivot (invalidation): 54.60 Our preference Short positions below 54.60 with targets at 53.90 & 53.70 in extension. Alternative scenario...
Pivot (invalidation): 17.9400 Our preference Long positions above 17.9400 with targets at 18.1700 & 18.2700 in extension. Alternative scenario...
Pivot (invalidation): 1505.50 Our preference Long positions above 1505.50 with targets at 1514.50 & 1518.00 in extension. Alternative scenario...
Pivot (invalidation): 3023.00 Our preference Long positions above 3023.00 with targets at 3050.00 & 3060.00 in extension. Alternative scenario...
Pivot (invalidation): 12920.00 Our preference Short positions below 12920.00 with targets at 12845.00 & 12795.00 in extension. Alternative scenario...
Pivot (invalidation): 5.7270 Our preference Short positions below 5.7270 with targets at 5.6920 & 5.6820 in extension. Alternative scenario...
Pivot (invalidation): 0.6890 Our preference Long positions above 0.6890 with targets at 0.6915 & 0.6930 in extension. Alternative scenario...
Pivot (invalidation): 0.9880 Our preference Short positions below 0.9880 with targets at 0.9850 & 0.9830 in extension. Alternative scenario...
Pivot (invalidation): 1.3135 Our preference Long positions above 1.3135 with targets at 1.3175 & 1.3205 in extension. Alternative scenario...
Pivot (invalidation): 108.20 Our preference Short positions below 108.20 with targets at 107.90 & 107.75 in extension. Alternative scenario...
Pivot (invalidation): 1.2920 Our preference Long positions above 1.2920 with targets at 1.2975 & 1.3005 in extension. Alternative scenario...
Pivot (invalidation): 1.1145 Our preference Long positions above 1.1145 with targets at 1.1175 & 1.1190 in extension. Alternative scenario...
Building Winning Trading Systems with TradeStation - by George Pruitt 2002, 408 pages, by George Pruitt / John R. Hill...
USDJPY the pair rejected higher prices to sell off on Thursday opening the door for more weakness. On the upside, resistance comes in at 108.50 level. Above this level will turn attention to the 109.00 level. Further out, we expect a possible move towards the 109.50 level on a break of that area...
The Federal Reserve cut interest rates by 25 basis points on Wednesday, lowering the target range to 1.5–1.75%. This was in line with expectations and left markets little changed. The Fed has now cut rates by a total of 75 basis points since July. The FOMC statement had only subtle changes...
The new challenges facing the Sino-American trade talks following strong anti-government protests in Chile in Santiago casts doubt on the timing of the interim trade agreement that was originally scheduled to be signed between 16 and 17 November 2019 by both US and Chinese Presidents amid the Asi...
