By Chris Nicholson New York Times China started selling yuan-denominated sovereign bonds in Hong Kong for the first time on Monday, testing international demand for its currency with the $879 million issue…
Dukascopy Afternoon Forex Overview – Sept 28 09
Previous session overview The U.S. dollar is moderately higher against most currencies Monday morning as investors remain apprehensive about the global economy and riskier assets, with the Japanese yen the only major…
GBP/JPY Daily Outlook
Daily Pivots: (S1) 141.55; (P) 144.12; (R1) 145.51 GBP/JPY’s fall accelerated to as low as 139.72 so far today and met mentioned target of 50% retracement of 118.81 to 163.05 at 140.93…
EUR/CHF Daily Outlook
Daily Pivots: (S1) 1.5072; (P) 1.5098; (R1) 1.5116; Further decline in EUR/CHF cannot be ruled out but after all, price actions from 1.5380 are treated as corrective in nature. Hence, downside should…
EUR/GBP Daily Outlook
Daily Pivots: (S1) 0.9147; (P) 0.9183; (R1) 0.9244; EUR/GBP’s rally extended further to as high as 0.9297 today and met mentioned target of 61.8% retracement of 0.9799 to 0.8399 at 0.9264 before…
EUR/JPY Daily Outlook
Daily Pivots: (S1) 130.83; (P) 132.35; (R1) 133.20. EUR/JPY’s fall from 135.47 accelerates today and dives to as low as 129.80 so far. Break of 131.00 support confirms that whole decline from…
AUD/USD Daily Outlook
Daily Pivots: (S1) 0.8618; (P) 0.8666; (R1) 0.8723; AUD/USD weakens further today but it’s still holding above 0.8589 support. Intraday bias remains neutral for the moment. Note that break of 0.8589 will…
USD/CAD Daily Outlook
Daily Pivots: (S1) 1.0849; (P) 1.0915; (R1) 1.0972. USD/CAD’s rally is still in progress and at this point, intraday bias remains on the upside for 1.1101 resistance first. Break there will confirm…