Given the palpable woes surrounding inflation, markets will be keeping a wary eye on today’s US CPI release. The median forecast expects an 8.1% headline inflation print for April, which is a moderation from the Read more…
Daily Pivots: (S1) 159.98; (P) 160.75; (R1) 161.45; More… Outlook in GBP/JPY is unchanged as corrective pattern from 168.40 is extending. Break of 159.59 will extend the correction from 168.40 lower. But downside should be Read more…
Daily Pivots: (S1) 136.89; (P) 137.49; (R1) 137.93; More…. Intraday bias in EUR/JPY remains neutral as consolidation from 139.99 is extending. In case of another decline, downside should be contained by 38.2% retracement of 124.37 Read more…
Daily Pivots: (S1) 0.8529; (P) 0.8554; (R1) 0.8573; More… Intraday bias in EUR/GBP remains neutral for consolidation below 0.8590 temporary top. Outlook will stay bullish as long as 0.8465 resistance turned support holds. On the Read more…
Daily Pivots: (S1) 1.5098; (P) 1.5189; (R1) 1.5264; More… Intraday bias in EUR/AUD remains mildly on the upside for 1.5354 cluster resistance (100% projection of 1.4318 to 1.5053 from 1.4597 at 1.5332. Rejection by this Read more…
Daily Pivots: (S1) 1.0457; (P) 1.0487; (R1) 1.0516; More…. Intraday bias in EUR/CHF stays mildly on the upside at this point. Sustained break of 100% projection of 0.9970 to 1.0086 from 1.0400 at 1.0516 and Read more…
Daily Pivots: (S1) 1.0509; (P) 1.0547 (R1) 1.0569; More… Intraday bias in EUR/USD remains neutral as consolidation from 1.0470 continues. Further decline is in favor as long as 1.0641 minor resistance holds. Break of 1.0470 Read more…
Daily Pivots: (S1) 1.2280; (P) 1.2327; (R1) 1.2363; More… Intraday bias in GBP/USD remains neutral as consolidation from 1.2259 is extending. Some more consolidations could be seen but upside of recovery should be limited by Read more…
Daily Pivots: (S1) 0.9918; (P) 0.9947; (R1) 0.9987; More…. Intraday bias in USD/CHF remains mildly on the upside, and further rise could still be seen to 261.8% projection of 0.9149 to 0.9459 from 0.9193 at Read more…
Daily Pivots: (S1) 129.97; (P) 130.27; (R1) 130.75; More… Intraday bias in USD/JPY remains neutral and outlook is unchanged. Further is expected as long as 128.61 support holds. Above 131.34 will target 261.8% projection of Read more…