Daily Pivots: (S1) 136.67; (P) 137.17; (R1) 138.07; More…. EUR/JPY’s rebound form 132.63 extends higher and intraday bias is now on the upside. Correction from 139.99 should have completed with three waves down to 132.63 Read more…
On the back of improving market sentiment, Bitcoin rises through 31407 resistance to resume the rebound from 25083. Further rally is now expected to 55 day EMA (now at 34297). Sustained break there will further Read more…
WTI crude oil is extending recent rally and it’s now eyeing 120 handle. EU leaders finally agreed yesterday to embargo on seaborne oil imports from Russia, which covers more than two-thirds of the imports. Another Read more…
The official China PMI manufacturing rose from 47.4 to 49.6 in May, matched expectations. PMI Services rose from 41.9 to 47.8, above expectation of 45.2. PMI Composite also rose from 42.7 to 48.4. “This showed Read more…
Japan industrial production dropped -1.3% mom in April, much worse than expectation of -0.2% mom. It’s also the first decline in three months. The seasonally adjusted production index for the manufacturing and mining sectors stood Read more…
Weak industrial data for Japan, hawkish comments from the Fed’s Waller and increased appetite for risk has seen the yen weaken in today’s Asian session. Industrial output fell -1.3% in April compared with -0.2% expected. Read more…
Bitcoin has kicked-off the week on the front foot, dragging most major altcoins higher and catching up with the stock markets’ latest rally, despite the recent decoupling between digital assets and the major US indices. Nevertheless, the Read more…
We can focus on the bullish moves in Crypto and Crude, but we’ve seen further love for the EUR, with German and Spanish CPI hotter than forecast. We look to the session ahead for EU Read more…
GBPCAD reversed from resistance level 1.6175 Likely to fall to support level 1.5950 GBPCAD recently reversed down from the key resistance level 1.6175 (top of the earlier minor correction from the start of May). The Read more…
EURJPY broke resistance level 136.60 Likely to rise to resistance level 138.00 EURJPY currency pair continues to rise after the earlier breakout of the resistance level 136.60 (which stopped the previous minor wave (i)). The Read more…