Month: April 2022

Germany Ifo business climate rose from 90.8 to 91.8 in April, above expectation of 88.1. Current assessment index rose from 97.0 to 97.2, above expectation of 95.0. Expectations index rose from 85.1 to 86.7, above Read more…

The US economy added about half a million jobs in March, while the unemployment rate was at just 3.6%. The Dow Jones index is near its historic highs. Households have saved an additional $2.5 trillion Read more…

The Aussie Dollar started a fresh decline from well above the 0.7450 level against the US Dollar. The AUD/USD pair traded below the 0.7400 support to enter a bearish zone. The pair even traded below Read more…

American equities dropped sharply on Friday as concerns about the Federal Reserve escalated. The Dow Jones and S&P 500 indices had one of the worst days this year after Jerome Powell warned that the bank Read more…

EURUSD had steadied just above the 1.0750 support level over the past few days when selling pressure eased a little, but the bears are driving the price back down again at the start of the Read more…

Market movers today We kick off the week with German ifo business survey for April this morning. The forward-looking expectations index took a big hit in March, and consensus looks for a small further decline Read more…

Daily Pivots: (S1) 164.02; (P) 165.81; (R1) 166.81; More… GBP/JPY’s retreat from 168.40 extends lower today but stays above 159.02 support. Intraday bias remains neutral first and outlook stays bullish. On the upside, break of Read more…

Daily Pivots: (S1) 138.24; (P) 138.87; (R1) 139.47; More…. EUR/JPY’s retreat from 139.99 continues today but stays well above 134.33 support. Intraday bias remains neutral for the moment, and outlook remains bullish too. On the Read more…

Daily Pivots: (S1) 0.8345; (P) 0.8381; (R1) 0.8449; More… Intraday bias in EUR/GBP remains on the upside at this point. Further rally should be seen to 0.8511 resistance first. Further break of 0.8511 will reaffirm Read more…