Daily Pivots: (S1) 0.7464; (P) 0.7486; (R1) 0.7521; More… A temporary top is formed at 0.7506 on loss of upside momentum. Intraday bias in AUD/USD is turned neutral first. Further rally is expected as long Read more…
The forex markets are engaging in sideway trading in tight range in Asia today. The selling climax on Yen should have passed for the near term, with Yen pairs turned into consolidation mode. But the Read more…
DXY: On the H4 timeframe, prices are consolidating in a triangle pattern. We see the potential for a bounce from our 1st support at 98.623 in line with 50% Fibonacci retracement towards our 1st resistance Read more…
Japan PMI Manufacturing rose from 52.7 to 53.2 in March. Manufacturing output rose from 49.3 to 50.6. PMI Services rose from 44.2 to 48.7. PMI Composite rose from 45.8 to 49.3. Usamah Bhatti, Economist at Read more…
Australia PMI Manufacturing rose from 57.0 to 57.3 in March. PMI Services rose from 57.4 to 57.9, a 10-month high. PMI Composite rose from 56.6 to 57.1, also a 10-month high. Jingyi Pan, Economics Associate Read more…
In a report, IMF urged RBNZ to have “significant increases” in interest range in the near term to address inflation as a priority. IMF said, “with the recovery well-entrenched, tight labor market conditions, and elevated Read more…
BoJ board member Goushi Kataoka warned in a speech to business leaders, “disruptions in Russia-related trade will weigh not just on Russia’s economy but global growth by prolonging worldwide supply constraints.” And for the time Read more…
San Francisco Fed President Mary Daly said she has “everything on the table” for the May FOMC meeting. “If we need to do 50, that is what we’ll do,” she added. “We’re prepared to do Read more…
Cleveland Fed President Loretta Mester reiterated yesterday that Fed should “front-load” interest rate hikes in the first of of the year, and start quantitative tightening at the same time. “We have to recognize that inflation Read more…
Key Highlights Crude oil price started a steady increase above the $105.00 resistance. A key bullish trend line is forming with support near $113.70 on the 4-hours chart. Gold price is consolidating above the $1,900 Read more…