Month: June 2022

European stock markets are falling heavily again on Wednesday, reminding us all once more why we shouldn’t get excited by the bear-market rallies. There’s a desperation to add substance to the, often sizeable, rallies that Read more…

The Japanese yen leads in losses against the dollar amongst the G10 currencies. And so far, there are indications that the USDJPY’s rising trend will only be interrupted by technical corrections in the coming weeks Read more…

Consumer price inflation heated up in May, rising to 7.7% year-on-year (y/y), up from 6.8% in April. That was the fastest pace since January 1983, and higher than forecasters, including ourselves, were expecting. Gasoline prices Read more…

Daily Pivots: (S1) 135.50; (P) 136.10; (R1) 137.28; More… No change in USD/JPY’s outlook as further rally is expected. On the upside, break of 61.8% projection of 114.40 to 131.34 from 126.35 at 136.81 will Read more…

Daily Pivots: (S1) 0.9634; (P) 0.9659; (R1) 0.9686; More… USD/CHF’s fall from 1.0048 resumes today and deeper decline could be seen. But it’s seen as the third leg of the corrective pattern from 1.0063. Strong Read more…

Daily Pivots: (S1) 1.0502; (P) 1.0542 (R1) 1.0576; More… Intraday bias in EUR/USD remains neutral as range trading continues. Further fall is in favor with 1.0786 resistance intact. On the downside, sustained break of 1.0339/48 Read more…

Daily Pivots: (S1) 1.2241; (P) 1.2282; (R1) 1.2323; More… Intraday bias in GBP/USD remains neutral and outlook is unchanged. Outlook stays bearish as long as 1.2666 resistance holds. On the downside, break of 1.1932 will Read more…

Risk aversion seems to back in indecisive markets today, with major European indexes and US futures trading down. Yen and Swiss Franc are trading mildly higher, followed by Dollar. Sterling and Canadian receive little support Read more…