MUFG Research discusses EUR/USD outlook and adopts a bullish bias in the near-term. "The reversal of US dollar strength has caught the market by surprise. Leveraged funds are still positioned heavily long the US dollar. A break above the 1...
TD Research summarizes its tactical views on EUR/USD and USD/JPY into next week's FOMC meeting. "Next week's Fed meeting is the appetizer to the mid-term entree in Nov. Still, the break of the 1.1750 level is important for the EUR, suggesting we could see higher lows there moving forward...
CAD: Retail Sales, CPI: Not Screaming For Rate Hikes But Gives BoC Comfort To Hike In October - CIBC
CIBC Research discusses the reaction to today's Canada's retail sales and CPI prints . "Two data releases printing in line with expectations in terms of headlines, and with some mixed messages in terms of the underlying detail. Headline CPI fell 0.1% in August, for an annual rate of 2...
Prices for gold increased by $ 3 to $ 1277.00 per troy ounce on Thursday. The sale of the dollar and its weakening contributed to higher prices for commodities and precious metals...
Pivot (invalidation): 70.85 Our preference Short positions below 70.85 with targets at 69.95 & 69.35 in extension. Alternative scenario Above 70.85 look for further upside with 71.35 & 71.75 as targets...
Pivot (invalidation): 14.2500 Our preference Long positions above 14.2500 with targets at 14.4400 & 14.5300 in extension. Alternative scenario Below 14.2500 look for further downside with 14.1900 & 14.1300 as targets...
Pivot (invalidation): 1205.00 Our preference Long positions above 1205.00 with targets at 1210.00 & 1214.00 in extension. Alternative scenario Below 1205.00 look for further downside with 1203.00 & 1199.50 as targets...
Pivot (invalidation): 2919.50 Our preference Long positions above 2919.50 with targets at 2942.00 & 2950.50 in extension. Alternative scenario Below 2919.50 look for further downside with 2910.00 & 2900.00 as targets...
Pivot (invalidation): 12275.00 Our preference Long positions above 12275.00 with targets at 12360.00 & 12390.00 in extension. Alternative scenario Below 12275.00 look for further downside with 12230.00 & 12190.00 as targets...
Pivot (invalidation): 6.2590 Our preference Short positions below 6.2590 with targets at 6.1755 & 6.1245 in extension. Alternative scenario Above 6.2590 look for further upside with 6.3290 & 6.3780 as targets...
Pivot (invalidation): 0.7270 Our preference Long positions above 0.7270 with targets at 0.7300 & 0.7325 in extension. Alternative scenario Below 0.7270 look for further downside with 0.7250 & 0.7235 as targets...
Pivot (invalidation): 1.2925 Our preference Short positions below 1.2925 with targets at 1.2895 & 1.2880 in extension. Alternative scenario Above 1.2925 look for further upside with 1.2945 & 1.2965 as targets...
Pivot (invalidation): 0.9605 Our preference Short positions below 0.9605 with targets at 0.9575 & 0.9550 in extension. Alternative scenario Above 0.9605 look for further upside with 0.9625 & 0.9650 as targets...
Pivot (invalidation): 112.45 Our preference Long positions above 112.45 with targets at 112.80 & 113.00 in extension. Alternative scenario Below 112.45 look for further downside with 112.30 & 112.05 as targets...
Pivot (invalidation): 1.3225 Our preference Long positions above 1.3225 with targets at 1.3300 & 1.3340 in extension. Alternative scenario Below 1.3225 look for further downside with 1.3195 & 1.3155 as targets...
Pivot (invalidation): 1.1755 Our preference Long positions above 1.1755 with targets at 1.1800 & 1.1830 in extension. Alternative scenario Below 1.1755 look for further downside with 1.1735 & 1.1710 as targets...
GBPJPY: The cross rallied strongly on Thursday opening the door for more price gain in the days ahead. On the downside, support comes in at the 149.00 level where a violation will aim at the 148.50 level. A break below here will target the 148.00 level followed by the 147.50 level...
Pivot (invalidation): 70.90 Our preference Long positions above 70.90 with targets at 72.30 & 72.85 in extension. Alternative scenario Below 70.90 look for further downside with 70.20 & 69.70 as targets...
Pivot (invalidation): 14.2100 Our preference Long positions above 14.2100 with targets at 14.4000 & 14.4900 in extension. Alternative scenario Below 14.2100 look for further downside with 14.1400 & 14.0700 as targets...
