Daily Pivots: (S1) 139.18; (P) 139.70; (R1) 140.57; More… Focus is back on 100% projection of 127.20 to 137.90 from 129.62 at 140.32 in USD/JPY. Firm break there will extend the whole rise from 127.20 Read more…
US personal income rose 0.4% mom or USD 80.1B in April, matched expectations. Personal spending rose 0.8% mom or USD 151.7B, above expectation of 0.4% mom. For the month, PCE price index rose 0.4% mom. Read more…
USDCHF drifted down to 0.9017 after facing resistance around the familiar long-term constraining zone of 0.9070. The negative slope in the RSI and the Stochastic oscillator on the four-hour chart suggests market sentiment may remain downbeat Read more…
The dollar index price edges lower on Friday, as bulls take a breather after strong acceleration in past four days pushed the price to the highest in ten weeks. The action was boosted by renewed Read more…
ECB Chief Economist Philip Lane has asserted that falling energy prices could lead to lower core inflation due to reduced living costs and, consequently, restrained wage increases. However, he stressed the timeline and extent of Read more…
USDCAD bounced off its 200-day simple moving average (SMA) and went as high as 1.3653, surpassing a resistance line that had been in effect since March. The technical picture is feeding optimism for a bullish Read more…
Nvidia’s impressive Q1 results and the $11bn revenue forecast for the second quarter blew investors’ minds away. Major US stock indices gained yesterday. The S&P500 added 0.88%, while Nasdaq 100 jumped almost 2.50%, thanks to Read more…
UK retail sales volumes rose 0.5% mom in April, well above expectation of 0.0% mom. Excluding automotive fuel, sales volume rose 0.8% mom. Sales value rose 1.1% mom in the month, with ex-automotive fuel sales Read more…
Key insights from the week that was. Events and data have all been offshore this week, with Australia’s single ABS release (April retail sales) due later today. In New Zealand, at their May meeting, the Read more…
Markets UK gilt yields one again caught the attention today. They initially add another 6.5-10 bps following yesterday’s ugly CPI surprise which will almost certainly force the Bank of England into additional tightening. This time Read more…