Germany Gfk consumer confidence for June rose slightly from -26.6 to -26.0, worse than expectation of -25.6. In May, economic expectations rose from -16.4 to -9.3. Income expectations rose from -31.3 to -23.7. Propensity to Read more…
Markets Of late markets were mainly driven by global sentiment and by investors pondering the impact of central banks tightening to cap inflation. In this complex, markets are giving ever more weight to activity data. Read more…
The housing market has been a bedrock of the US economy during a period of historically low rates. Now those days are over, large cracks are appearing in the rendering. Home sales are falling faster Read more…
Market movers today In Germany and France, we get consumer confidence surveys for June and May, respectively. However, while these surveys have painted a bleak picture of the state of the consumer, actual spending has Read more…
Social media companies were hit hard yesterday, as Snap dropped more than 43% in yesterday’s session alone, and is down by 85% since its last September peak. Other companies that make money with digital advertising Read more…
Daily Pivots: (S1) 1.0682; (P) 1.0715 (R1) 1.0770; More… Intraday bias in EUR/USD stays mildly on the upside as rebound from 1.0348 extends. Firm break of 55 day EMA (now at 1.0760) will target 1.0935 Read more…
Daily Pivots: (S1) 1.2472; (P) 1.2535; (R1) 1.2599; More.. Intraday bias in GBP/USD remains neutral for the moment. On the upside, firm break of 1.2637 resistance will bring stronger rebound to 55 day EMA (now Read more…
Daily Pivots: (S1) 126.13; (P) 127.10; (R1) 127.85; More… USD/JPY’s correction from 131.34 is still in progress and deeper fall could be seen. But downside should be contained by 125.09 cluster support (38.2% retracement of Read more…
Daily Pivots: (S1) 0.9563; (P) 0.9617; (R1) 0.9659; More… USD/CHF’s fall from 1.0063 could still extend lower. But downside should be contained by 61.8% retracement of 0.9193 to 1.0063 at 0.9525 to bring rebound. On Read more…
Daily Pivots: (S1) 0.7072; (P) 0.7093; (R1) 0.7128; More… Further rise is expected in AUD/USD with 0.6948 minor support intact. Rebound from 0.6828 short term bottom would target 55 day EMA (now at 0.7179). Break Read more…