Data confirmed yesterday that inflation in the Eurozone advanced to 7.4%, a tick lower than the 7.5% expected by analysts. Yet the German producer prices jumped more than 30% year-on-year in March, the fastest rise Read more…
DXY: On the Weekly, with price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance where the swing high resistance is from our 1st support in Read more…
Daily Pivots: (S1) 1.2498; (P) 1.2544; (R1) 1.2630; More… USD/CAD rebounded strongly after dipping to 1.2457 and intraday bias is turned neutral. On the upside, break of 1.2675 will resume the rebound from 1.2401 towards Read more…
Daily Pivots: (S1) 0.7338; (P) 0.7398; (R1) 0.7431; More… AUD/USD’s fall from 0.7660 resumed by breaking 0.7342 temporary low. Intraday bias is back on the downside for 0.7164 support next. On the upside, above 0.7457 Read more…
Daily Pivots: (S1) 127.89; (P) 128.30; (R1) 128.79; More… Intraday bias in USD/JPY remains neutral and consolidation from 129.39 could extend further. Deeper retreat cannot be ruled out but downside should be contained above 125.09 Read more…
Daily Pivots: (S1) 0.9477; (P) 0.9515; (R1) 0.9573; More…. USD/CHF’s rally resumed after brief consolidation and intraday bias is back on the upside. Current rally should target 0.9591 medium term projection level next. On the Read more…
Daily Pivots: (S1) 1.3004; (P) 1.3047; (R1) 1.3071; More… Range trading continues in GBP/USD and intraday bias stays neutral. Also, outlook remains bearish with 1.3165 resistance intact. On the downside, break of 1.2971 will resume Read more…
Daily Pivots: (S1) 1.0792; (P) 1.0864 (R1) 1.0904; More… EUR/USD quickly retreated after breaching 1.0922 resistance and intraday bias remains neutral at this point. On the upside, firm break of 1.0922 should confirm short term Read more…
Overall markets are relatively mixed. Euro’s rebound attempt yesterday was rather disappointing, but it’s nonetheless still the best performer for the week. Dollar staged a strong rebound overnight, with help from hawkish Fed and rising Read more…
Australia PMI Manufacturing rose from 57.7 to 57.9 in April, a 5-month high. PMI Services rose from 55.6 to 56.6. PMI Composite rose from 55.1 to 56.2. Jingyi Pan, Economics Associate Director at S&P Global Read more…