All Blogs

We are still reeling from Powell’s admission that trade uncertainty is driving policy. The Fed has spent months scripting a communication that avoided becoming partisan and getting caught up in trade hype...

Pivot (invalidation): 55.60 Our preference Long positions above 55.60 with targets at 56.40 & 56.90 in extension. Alternative scenario...

Pivot (invalidation): 17.9900 Our preference Long positions above 17.9900 with targets at 18.2500 & 18.3200 in extension. Alternative scenario...

Pivot (invalidation): 1507.00 Our preference Long positions above 1507.00 with targets at 1516.00 & 1519.50 in extension. Alternative scenario...

Pivot (invalidation): 3050.00 Our preference Long positions above 3050.00 with targets at 3075.00 & 3086.00 in extension. Alternative scenario...

Pivot (invalidation): 12900.00 Our preference Long positions above 12900.00 with targets at 12990.00 & 13030.00 in extension. Alternative scenario...

Pivot (invalidation): 5.7200 Our preference Short positions below 5.7200 with targets at 5.6790 & 5.6620 in extension. Alternative scenario...

Pivot (invalidation): 0.6900 Our preference Long positions above 0.6900 with targets at 0.6930 & 0.6960 in extension. Alternative scenario...

Pivot (invalidation): 1.3160 Our preference Short positions below 1.3160 with targets at 1.3115 & 1.3095 in extension. Alternative scenario...

Pivot (invalidation): 0.9870 Our preference Short positions below 0.9870 with targets at 0.9845 & 0.9830 in extension. Alternative scenario...

Pivot (invalidation): 108.05 Our preference Long positions above 108.05 with targets at 108.30 & 108.45 in extension. Alternative scenario...

Pivot (invalidation): 1.2955 Our preference Short positions below 1.2955 with targets at 1.2925 & 1.2910 in extension. Alternative scenario...

Pivot (invalidation): 1.1155 Our preference Long positions above 1.1155 with targets at 1.1185 & 1.1200 in extension. Alternative scenario...

USDCHF with the pair seen extending its losses on Friday, more decline is expected in the days ahead. Resistance comes in at the 0.9900 level. Above here, resistance lies at the 0.9950 level and then the 1.0000 level. Further out, resistance stands at the 1.0050 level...

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...