Daily Look

So, it wasn’t exactly a “close call” regarding raising the rates back in September, yet December seems to remain on the cards. The team at Bank of America Merrill Lynch …

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EURUSD Daily Pivots R3 1.1348 R2 1.1315 R1 1.1275 Pivot 1.1242 S1 1.1203 S2 1.1170 S3 1.1131 EURUSD (1.125): EURUSD remains trading below 1.1254 level of resistance with the strong …

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WTI crude oil broke higher this week, above $48 per barrel, which means that wave (b) is completed. It was a triangle pattern that sent price up into a new …

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Sterling’s recovery yesterday may be scuppered by the Bank of England today after it spiked on the back of the release of industrial and manufacturing data that reached a four …

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Both EUR/USD and USD/JPY are stuck in narrow ranges. Where will they break to? The team at SocGen analyzes the charts: Here is their view, courtesy of eFXnews: Corrective rebound …

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German Dax has turned positive as expected in the last few trading days, after the market completed a five-wave decline in wave (A) last week. We know that after every …

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In the absence of any meaningful economic data today investors are looking ahead to tomorrow’s Bank of England interest rate policy and FOMC minutes. For some time now the markets …

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Commodity currencies are gaining traction as the yen treads water. The team at SocGen discuss the carry trade: Here is their view, courtesy of eFXnews: There’s a carry-happy mood in …

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A strong rally in equity markets has come on the back of the weaker marco data as rate expectations are pushed back which makes risk assets more attractive. The issue …

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The US dollar is still licking its wounds from the Non-Farm Payrolls, but it may still remain the cleanest shirt in the dirty pile. There’s no time to rest for …

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