Daily Pivots: (S1) 1.0441; (P) 1.0500 (R1) 1.0556; More… Intraday bias in EUR/USD remains neutral for the moment. Further fall is in favor with 1.0786 resistance intact. On the downside, sustained break of 1.0339/48 will Read more…
Markets A hectic week ended on a calmer note. The wild bond swings eased somewhat – at least compared to the moves in the days before. US Treasuries forfeited some of the sharp gains that Read more…
Cryptocurrencies had a rough weekend. A massive selloff hit the sector on Saturday and sent the price of Bitcoin below the $18K mark, the lowest level since the end of 2020. Ethereum fell below $900, Read more…
Market movers today This week starts with a fairly quiet data calendar although we have several ECB speakers out. US markets are closed today for the Juneteenth holiday. After a very eventful last week with Read more…
The “R” word is being used more and more as recessionary winds start blowing more loudly through economic data and the price actions across the asset class spectrum. On Friday, US manufacturing and industrial production Read more…
Daily Pivots: (S1) 1.2141; (P) 1.2254; (R1) 1.2335; More… Intraday bias in GBP/USD stays neutral as consolidations continues. But outlook stays bearish as long as 1.2666 resistance holds. On the downside, break of 1.1932 will Read more…
Overall markets are rather steady in Asian session today. Even the free falling crytocurrencies are stabilizing slightly. Major Asian indexes, except Nikkei, are treading water. Dollar and Yen are softening slightly with Sterling. Aussie and Read more…
BoJ offered to purchase unlimited amounts of 5- and 10-year JGBs today. That’s part of the central bank’s move to cap 10-year yield at 0.25%, after doubling down on maintaining this position and the overall Read more…
New Zealand BusinessNZ Performance of Services Index rose from 52.2 to 55.2 in May. Activity/sales rose sharply from 53.3 to 59.6. But employment dropped from 51.0 to 48.5. New orders/business rose from 55.2 to 62.0. Read more…
Fed Governor Christopher Waller said in a speech over the weekend that “if the data comes in as I expect, I will support a similar-sized move at our July meeting,” referring to the 75bps hike Read more…