Daily Pivots: (S1) 1.0283; (P) 1.0389; (R1) 1.0446; More…. EUR/CHF’s break of 1.0360 minor support argues that rebound from 0.9970 has completed as a three-wave corrective move at 1.0513. That came after rejection by 100% Read more…
Markets are back in risk-off mode as down dropped more than -1100 pts overnight. Dollar and Yen tried to rebound but there was no follow through buying. Indeed, both remain the worst performing ones for Read more…
Australia employment rose just 4k in April, missing expectation of 30k growth. Full time jobs rose 92.4k while part-time jobs dropped -88.4k. Unemployment rate was unchanged at 3.9%, matched expectations. Participation rate dropped -0.1% to Read more…
Japan exports rose 12.5% yoy to JPY 8076B in April. Imports rose 28.2% yoy to JPY 8915B, a new record. Trade deficit came in at JPY 839B. Trade with China shrank notably. China-bound shipments fell Read more…
Philadelphia Fed President Patrick Harker said yesterday, “I anticipate a sequence of increases in the funds rate at a measured pace until we are confident that inflation is moving toward the Committee’s inflation target.” “I Read more…
DXY: On the H4, with prices bouncing off the ichimoku support , we have a bullish bias that price will rise to our 1st resistance at 104.171 where the horizontal pullback resistance, 61.8% Fibonacci projection Read more…
If the SARB raises rates less than expected or if the statement is less hawkish than expected, the pair may break higher. The South African Reserve Bank (SARB) meets tomorrow and is expected to increase Read more…
WTI reversed from resistance area Likely to fall to support level 105.00 WTI crude oil recently reversed down from the resistance area located between the key resistance level 110.00 (which has been reversing the price Read more…
Jim Cramer cautions that knowing when the bottom has arrived and knowing when to buy back into the market is never easy. Don’t risk missing out. Is it finally time to sell everything and wait Read more…