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Dollar, yen dip as U.S. stimulus hopes help risk-on mood
LONDON (Reuters) - The dollar and safe-haven Japanese yen nursed losses on Thursday, after revived hopes for U.S. fiscal stimulus improved investor sentiment, while the prospect of negative interest rates knocked the New Zealand dollar lower.
FILE PHOTO: U.S. Dollar and Japan Yen notes are seen in
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USD/CHF Daily Outlook
Daily Pivots: (S1) 0.9185; (P) 0.9202; (R1) 0.9223;
Intraday bias in USD/CHF remains on the downside for the moment. Corrective rebound from 0.8998 has completed with three waves up to 0.9304. Further fall should be seen for retesting 0.8998 low. On the upside, break of 0.9218 minor resistance will
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Rally May Stall On Monday For South Korea Shares
Ahead of the long break for the Chuseok Festival, the South Korea stock market had finished higher in three straight sessions, advancing more than 55 points or 3.5 percent along the way. The KOSPI now rests just beneath the 2,330-point plateau although it may open lower on Monday as it catches up on
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GBP/USD Daily Outlook
Daily Pivots: (S1) 1.2866; (P) 1.2910; (R1) 1.2982;
Intraday bias in GBP/USD remains neutral for the moment. Further decline is expected with 1.3007 resistance intact. On the downside, sustained break of 38.2% retracement of 1.1409 to 1.3482 at 1.2690 will argue that the rise from 1.1409 might be co
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EURUSD BEARISH BIAS 20.10.04
#EUR/USD#
Head and Shoulders or Double Top Potential of these two Bearish patterns coming up. Confirmation on the Fibonacci will be supported by price breaking through 1.17000/1.16900 Selling only if price breaks solid below 1.16900, exit at 1.16449 Bearish Bias is wrong if price b
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USD/CHF Daily Outlook
Daily Pivots: (S1) 0.9185; (P) 0.9202; (R1) 0.9223;
Intraday bias in USD/CHF stays neutral and further fall is in favor with 0.9244 minor resistance intact. On the downside, break of 0.9162 will target a test on 0.8998 low. Nevertheless, break of 0.9244 minor resistance will turn bias to the upside
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