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USDCHF rallies with risk building up towards 0.9907 resistance in the days ahead. Resistance comes in at the 0.9900 level. Above here, resistance stands at the 0.9950 level and then the 1.0000 level. Further out, resistance stands at the 1.0050 level...

From the US, key data for release, including the second estimate of Q2 GDP growth, jobless claims, and the July pending home sales and advance inventory data. Q2 second estimate of GDP unchanged at 2.1% vs. 2.0% consensus...

By Vincent Mivelaz Things have become a little more intense in the UK, as Queen Elizabeth II willingness to validate a prorogation of Parliament is surely not appreciated by a good part of UK citizens...

Pivot (invalidation): 55.35 Our preference Long positions above 55.35 with targets at 56.00 & 56.40 in extension...

Pivot (invalidation): 18.1500 Our preference Long positions above 18.1500 with targets at 18.5000 & 18.6000 in extension...

Pivot (invalidation): 1533.00 Our preference Long positions above 1533.00 with targets at 1549.00 & 1555.00 in extension...

Pivot (invalidation): 2853.50 Our preference Long positions above 2853.50 with targets at 2918.00 & 2942.00 in extension...

Pivot (invalidation): 11710.00 Our preference Short positions below 11710.00 with targets at 11585.00 & 11555.00 in extension...

Pivot (invalidation): 5.7880 Our preference Long positions above 5.7880 with targets at 5.8510 & 5.9000 in extension...

Pivot (invalidation): 0.6750 Our preference Short positions below 0.6750 with targets at 0.6715 & 0.6700 in extension...

Pivot (invalidation): 1.3295 Our preference Long positions above 1.3295 with targets at 1.3320 & 1.3340 in extension. Alternative scenario...

Pivot (invalidation): 0.9820 Our preference Short positions below 0.9820 with targets at 0.9790 & 0.9770 in extension. Alternative scenario...

Pivot (invalidation): 106.20 Our preference Short positions below 106.20 with targets at 105.60 & 105.35 in extension. Alternative scenario...

Pivot (invalidation): 1.2230 Our preference Short positions below 1.2230 with targets at 1.2190 & 1.2155 in extension. Alternative scenario...

Pivot (invalidation): 1.1095 Our preference Short positions below 1.1095 with targets at 1.1070 & 1.1050 in extension. Alternative scenario...

USDJPY risk builds up on 106.97 resistance area as it looks to strengthen further in the days ahead. On the upside, resistance comes in at 106.50 level. Above this level will turn attention to the 107.00 level. Further out, we expect a possible move towards the 107.50 level...

The latest developments have been reassuring for Italian assets. Optimism continues to be felt on the front of Italian BTPs with 2y yield falling from 0.009% on Monday to -0.120% (-1’463%) on Tuesday while longer-ends treasuries remain less impacted (resp. -14% and -7.50% for 10 and 30 years...

Asian stocks gained marginally yet trade worries have held down sentiment. News flow indicates that, Chinese officials disagreed with President Trump's version of restarting trade talks between Washington and Beijing...

Pivot (invalidation): 54.90 Our preference Long positions above 54.90 with targets at 55.85 & 56.45 in extension. Alternative scenario...

Pivot (invalidation): 18.0000 Our preference Long positions above 18.0000 with targets at 18.3400 & 18.4500 in extension. Alternative scenario...