Daily Pivots: (S1) 127.48; (P) 128.18; (R1) 128.82; More… USD/JPY is staying in consolidation from 129.39 and intraday bias remains neutral first. Downside of retreat should be contained above 125.09 resistance turned support to bring Read more…
Daily Pivots: (S1) 0.9564; (P) 0.9580; (R1) 0.9614; More…. Intraday bias in USD/CHF stays on the upside for the moment. Sustained break of 0.9591 medium term projection level will pave the way to next at Read more…
Daily Pivots: (S1) 1.2679; (P) 1.2762; (R1) 1.2826; More… Intraday bias in GBP/USD remains on the downside for 100% projection of 1.3641 to 1.2999 from 1.3297 at 1.2655. Sustained break there will target 161.8% projection Read more…
EUR/USD After the breach of the important support at 1.0757, the Euro lost quite a bit of ground against the dollar and the pair tested the support zone at 1.0704. During the early hours of Read more…
Markets A Chinese growth slowdown ranks as one of the biggest risks to future global growth. March data already showed the impact of lockdowns in Shanghai (still in place), with an outbreak in Beijing over Read more…
Market movers today We have a number of US data releases today. Consumer confidence from Conference Board, durable goods orders, new home sales and house prices will add more information on the state of the Read more…
Daily Pivots: (S1) 1.0668; (P) 1.0741 (R1) 1.0786; More… EUR/USD’s decline is still in progress and intraday bias remains on the downside. Current down trend should target 100% projection of 1.1494 to 1.0805 from 1.1184 Read more…
Markets sentiment stabilized a bit in Asia, following the recovery in US stocks overnight. Commodity currencies are paring some losses while Dollar and Yen are retreating. But so far, the Japanese currency is still the Read more…
Japan unemployment rate dropped from 2.7% to 2.6% in March, better than expectation of 2.7%. That;s also the lowest rate since April 2020. Number of workers rose 180k while unemployed dropped -90k. Job-to-applicant ratio rose Read more…
IMF lowered growth forecast for Asia Pacific by -0.5% to 4.9% in 2022. Inflation forecast, on the other hand, was raised by 1% to 3.4%. Anne-Marie Gulde-Wolf, acting director of the IMF’s Asia and Pacific Read more…