Pivot (invalidation): 5.7400 Our preference Long positions above 5.7400 with targets at 5.7700 & 5.7910 in extension. Alternative scenario...
Pivot (invalidation): 0.6855 Our preference Long positions above 0.6855 with targets at 0.6885 & 0.6900 in extension. Alternative scenario...
Pivot (invalidation): 1.3200 Our preference Short positions below 1.3200 with targets at 1.3175 & 1.3160 in extension. Alternative scenario...
Pivot (invalidation): 0.9920 Our preference Long positions above 0.9920 with targets at 0.9945 & 0.9960 in extension...
Pivot (invalidation): 107.80 Our preference Long positions above 107.80 with targets at 108.25 & 108.50 in extension. Alternative scenario...
Pivot (invalidation): 1.2350 Our preference Short positions below 1.2350 with targets at 1.2310 & 1.2290 in extension. Alternative scenario...
Pivot (invalidation): 1.1020 Our preference Short positions below 1.1020 with targets at 1.1000 & 1.0985 in extension. Alternative scenario...
EURUSD declines strongly on price sell off with more weakness expected in the days ahead. Support comes in at the 1.0950 where a break will turn risk to the 1.0900 level. A breach below here will target the 1.0850 level. Further down, support stands at the 1.0800...
In Turkey, we expect the CBRT to over-deliver with a policy rate cut of 257bp on Thursday. After the initial 425bp cut in July, inflation dynamics have improved while the currency relative stability and global low-interest rates have provided a backdrop for the CBRT to chop rates...
A malaise has fallen over financial markets. The lack of meaningful news has left prices to drift. Tactically, we watching media for any news on US-China trade, ECB, Brexit, general data to support a Fed direction, for insights to short term price action...
Pivot (invalidation): 58.20 Our preference Short positions below 58.20 with targets at 57.20 & 56.70 in extension. Alternative scenario...
Pivot (invalidation): 18.1700 Our preference Short positions below 18.1700 with targets at 17.9500 & 17.8700 in extension. Alternative scenario...
Pivot (invalidation): 1498.00 Our preference Short positions below 1498.00 with targets at 1484.00 & 1479.00 in extension. Alternative scenario...
Pivot (invalidation): 2958.00 Our preference Long positions above 2958.00 with targets at 2990.00 & 3020.00 in extension. Alternative scenario...
Pivot (invalidation): 12230.00 Our preference Long positions above 12230.00 with targets at 12300.00 & 12365.00 in extension. Alternative scenario...
Pivot (invalidation): 5.7550 Our preference Long positions above 5.7550 with targets at 5.7880 & 5.8130 in extension. Alternative scenario...
Pivot (invalidation): 0.6870 Our preference Short positions below 0.6870 with targets at 0.6835 & 0.6820 in extension. Alternative scenario...
Pivot (invalidation): 1.3165 Our preference Short positions below 1.3165 with targets at 1.3130 & 1.3110 in extension. Alternative scenario...
Pivot (invalidation): 0.9905 Our preference Long positions above 0.9905 with targets at 0.9930 & 0.9950 in extension. Alternative scenario...
