GBPJPY eased off after its exciting rally paused at a new six-year high of 168.41 on Wednesday, but the price continued to trade around its recent highs early on Thursday, feeding optimism that the bull Read more…
Despite another strong inflation report for New Zealand, it was below expectations which leaves traders questioning when (and by how much) RBNZ’s next hike will be. Headline inflation rose 6.9% y/y (up from 5.8% prior Read more…
Markets Economic data during yesterday’s trading day was limited to US housing data (see below). The Fed’s Beige Book held all the anecdotical evidence one could have expected: a tight labour market and strong inflationary Read more…
EUR/USD The bears managed to limit the recovery of the single European currency against the U.S. dollar to around the resistance level at 1.0850. The subsequent sell-off is possible to deepen further, with the first Read more…
Market movers today Another quiet day in terms of economic data releases. This morning, we will get business confidence indicators from Norway, Denmark and France. The US jobless claims data are quite important, as we Read more…
Netflix dived more than 35% at yesterday’s trading session, as the unexpected announcement that the company lost 200’000 subscribers in the first quarter and lose 2 million more didn’t please investors although the latest quarterly Read more…
Brent crude finds support from a surprise drawdown in inventories. On the daily chart, the price is taking a breather in a flag-shaped pattern after a parabolic ascent. The uptrend can remain intact as long Read more…
The New Zealand dollar inched lower after the Q1 CPI fell short of expectations. A break below the daily support of 0.6730 revealed a lack of buying interest so far. Sentiment turned cautious after the Read more…
The Canadian dollar soared after red hot inflation readings in March. The greenback’s struggle to reclaim 1.2670 suggests a lack of momentum from the buy-side. A fall below 1.2540 triggered a new round of liquidation Read more…
Daily Pivots: (S1) 166.17; (P) 167.30; (R1) 168.16; More… Intraday bias in GBP/JPY is turned neutral for some consolidations. But downside of retreat should be contained well above 159.02 support to bring rise resumption. On Read more…