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Japan’s Q3 GDP fell 2.50%, its hardest contraction since June 2014. A sharp drop in October’s current account balance supported the gloomy picture. The Bank of Japan’s Q4 Tankan data confirms that business is heading downward...
Pivot (invalidation): 51.75 Our preference Long positions above 51.75 with targets at 52.90 & 53.25 in extension. Alternative scenario Below 51.75 look for further downside with 51.00 & 50.35 as targets...
Pivot (invalidation): 14.7700 Our preference Short positions below 14.7700 with targets at 14.6200 & 14.5600 in extension. Alternative scenario Above 14.7700 look for further upside with 14.8000 & 14.8500 as targets...
Pivot (invalidation): 1244.00 Our preference Short positions below 1244.00 with targets at 1239.00 & 1236.00 in extension. Alternative scenario Above 1244.00 look for further upside with 1245.50 & 1247.00 as targets...
Pivot (invalidation): 2685.00 Our preference Short positions below 2685.00 with targets at 2623.00 & 2582.00 in extension. Alternative scenario Above 2685.00 look for further upside with 2708.00 & 2735.00 as targets...
Pivot (invalidation): 10890.00 Our preference Long positions above 10890.00 with targets at 10990.00 & 11060.00 in extension. Alternative scenario Below 10890.00 look for further downside with 10770.00 & 10680.00 as targets...
Pivot (invalidation): 5.3220 Our preference Long positions above 5.3220 with targets at 5.3700 & 5.4000 in extension. Alternative scenario Below 5.3220 look for further downside with 5.2970 & 5.2680 as targets...
Pivot (invalidation): 0.7205 Our preference Short positions below 0.7205 with targets at 0.7175 & 0.7160 in extension. Alternative scenario Above 0.7205 look for further upside with 0.7220 & 0.7235 as targets...
Pivot (invalidation): 1.3380 Our preference Short positions below 1.3380 with targets at 1.3340 & 1.3320 in extension. Alternative scenario Above 1.3380 look for further upside with 1.3420 & 1.3445 as targets...
Pivot (invalidation): 1.3380 Our preference Short positions below 1.3380 with targets at 1.3340 & 1.3320 in extension. Alternative scenario Above 1.3380 look for further upside with 1.3420 & 1.3445 as targets...
Pivot (invalidation): 0.9910 Our preference Long positions above 0.9910 with targets at 0.9965 & 0.9990 in extension. Alternative scenario Below 0.9910 look for further downside with 0.9890 & 0.9865 as targets...
Pivot (invalidation): 113.40 Our preference Long positions above 113.40 with targets at 113.70 & 113.85 in extension. Alternative scenario Below 113.40 look for further downside with 113.25 & 113.10 as targets...
Pivot (invalidation): 1.2610 Our preference Long positions above 1.2610 with targets at 1.2685 & 1.2720 in extension. Alternative scenario Below 1.2610 look for further downside with 1.2565 & 1.2520 as targets...
Pivot (invalidation): 1.1375 Our preference Short positions below 1.1375 with targets at 1.1345 & 1.1330 in extension. Alternative scenario Above 1.1375 look for further upside with 1.1400 & 1.1425 as targets...
USDJPY bull pressure builds up on 113.81 resistance zone and now leaves risk of a move towards the 113.81. On the upside, resistance comes in at 114.00 level. Above here will turn attention to the 114.50 level. Further out, we expect a possible move towards the 115...
Although UK Prime Minister May survived a vote of no confidence yesterday, which boosted the cable 1.58%, the pound is still in negative territory week-to-date (-0.33%). The March 2019 Brexit deadline remains, and the UK parliament is likely to reject the current withdrawal agreement...
The European Central Bank’s monetary policy statement, to be published at 1.45 pm today, is expected not to change rates. It is expected to end Quantitative Easing, bond purchases of EUR 15 billion per month. Further tightening is unlikely, as the Eurozone outlook is distressed...
Pivot (invalidation): 51.95 Our preference Short positions below 51.95 with targets at 50.50 & 50.10 in extension. Alternative scenario Above 51.95 look for further upside with 52.80 & 53.30 as targets...
Pivot (invalidation): 14.6200 Our preference Long positions above 14.6200 with targets at 14.8300 & 14.9100 in extension. Alternative scenario Below 14.6200 look for further downside with 14.5200 & 14.4600 as targets...
