After UBS’ takeover of Credit Suisse and the wipe-out of AT1 bondholders, risk sentiment remained on shaky grounds this week. Investors took courage from comments from European regulators that reiterated that common equity instruments are Read more…
Daily Pivots: (S1) 0.9129; (P) 0.9156; (R1) 0.9192; More… Intraday bias in USD/CHF is turned neutral again with breach of 0.9205 minor resistance. Overall outlook is unchanged that consolidation pattern from 0.9058 could extend further. Read more…
Canada retail sales value rose 1.4% mom to CAD 66.4B in January, above expectation of 0.7% mom. Sales increased in seven of nine-subsecotrs, led by sales at motor vehicle and parts dealers (+3.0%) and gasoline stations Read more…
After an impressive rally, the euro is falling for a second straight day. In the European session, EUR/USD is trading at 1.0739, down 0.86%. German manufacturing falls, services rise German PMIs were a mix in Read more…
After an impressive rally, the euro is falling for a second straight day. In the European session, EUR/USD is trading at 1.0739, down 0.86%. German manufacturing falls, services rise German PMIs were a mix in Read more…
UK PMI Manufacturing dropped from 49.3 to 48.0 in March. PMI Services dropped from 53.5 to 52.8. PMI Composite dropped from 53.1 to 52.2. All three were two-month lows. Chris Williamson, Chief Business Economist at Read more…
Daily Pivots: (S1) 0.8799; (P) 0.8832; (R1) 0.8850; More… Intraday bias in EUR/GBP is turned neutral again as it retreated after hitting 0.8864. Overall outlook remains bullish as long as 0.8270 support holds. Above 0.8864 Read more…
UK retail sales volume rose 1.2% mom in February, well above expectation of 0.2% mom. Ex-fuel sales volume rose 1.5% mom, above expectation of 0.1% mom. Nevertheless, in the three months to February, comparing to Read more…
Daily Pivots: (S1) 130.23; (P) 130.94; (R1) 131.57; More… USD/JPY’s fall from 137.90 continues today and edged lower to 130.04. Intraday bias remains on the downside for retesting 127.20 low. Decisive break there will resume Read more…
Japan’s headline CPI in February experienced a sharp slowdown from 4.3% yoy to 3.3% yoy, falling below the expected 4.1% yoy. CPI core (all items excluding food) dropped from 4.2% yoy to 3.1% yoy, meeting Read more…