EUR/USD started a downside correction from the 1.1070 resistance. USD/CHF is rising and might aim for more gains above the 0.8930 resistance. Important Takeaways for EUR/USD and USD/CHF The Euro started a fresh decline from Read more…
EUR/USD started a downside correction from the 1.1070 resistance. USD/CHF is rising and might aim for more gains above the 0.8930 resistance. Important Takeaways for EUR/USD and USD/CHF The Euro started a fresh decline from Read more…
Daily Pivots: (S1) 0.9786; (P) 0.9799; (R1) 0.9819; More… EUR/CHF continues to lose downside momentum as seen in 4H MACD. But still deeper decline is expected with 0.9846 resistance holds. The cross is extending the Read more…
Germany Gfk Consumer Sentiment for May improved from -29.3 to -25.7, above expectation of -27.5. In April, Economic Expectations rose sharply from 3.7 to 14.3. Income Expectations rose from -24.3 to -10.7. Propensity to Buy Read more…
Daily Pivots: (S1) 0.6592; (P) 0.6649; (R1) 0.6683; More… AUD/USD’s break of 0.6619 support argues that consolidation pattern from 0.6563 has completed at 0.6804, and larger fall from 0.7156 is ready to resume. Intraday bias Read more…
Daily Pivots: (S1) 0.6592; (P) 0.6649; (R1) 0.6683; More… AUD/USD’s break of 0.6619 support argues that consolidation pattern from 0.6563 has completed at 0.6804, and larger fall from 0.7156 is ready to resume. Intraday bias Read more…
Australia CPI slowed from 7.8% yoy to 7.0% yoy in Q1, slightly above expectation of 6.9% yoy. For the quarter, CPI rose 1.4% qoq, down from prior 1.9% qoq, below expectation of 1.3% qoq. Trimmed Read more…
Key Highlights Crude oil prices started a downside correction below the $80 support. A key bearish trend line is forming with resistance near $78.60 on the 4-hour chart. EUR/USD and GBP/USD corrected lower from local Read more…