Eurozone CPI was finalized at 7.0% yoy in April, up from March’s 6.9% yoy. The highest contribution to came from food, alcohol & tobacco (+2.75%), followed by services (+2.21%), non-energy industrial goods (+1.62%) and energy Read more…
Eurozone CPI was finalized at 7.0% yoy in April, up from March’s 6.9% yoy. The highest contribution to came from food, alcohol & tobacco (+2.75%), followed by services (+2.21%), non-energy industrial goods (+1.62%) and energy Read more…
Daily Pivots: (S1) 0.8681; (P) 0.8699; (R1) 0.8720; More… Intraday bias in EUR/GBP stays neutral as consolidation from 0.8660 is still in progress. Further decline is expected as long as 0.8758 resistance holds. On the Read more…
Risk sentiment remains poor as the US couldn’t reached an agreement on its debt ceiling. But House Speaker McCarthy hinted that an agreement is possible within days. Despite both sides being far apart, everyone knows Read more…
Daily Pivots: (S1) 1.3424; (P) 1.3459; (R1) 1.3513; More…. Intraday bias in USD/CAD stays neutral at this point. Overall, the pair is seen as extending the triangle consolidation pattern from 1.3976. Above 1.3566 will resume Read more…
Daily Pivots: (S1) 1.3424; (P) 1.3459; (R1) 1.3513; More…. Intraday bias in USD/CAD stays neutral at this point. Overall, the pair is seen as extending the triangle consolidation pattern from 1.3976. Above 1.3566 will resume Read more…
Australia wage price index posted 0.8% qoq increase in Q1 2023, slightly short of expected 0.9% rise. Despite this, annual wage growth accelerated to 3.7%, marking the highest level since Q3 2012. This uptick is Read more…
Key Highlights Gold price started a downside correction from the $2,050 resistance zone. A major bearish trend line is forming with resistance near $2,015 on the 4-hour chart. EUR/USD is consolidating above the 1.0840 support. Read more…
Key Highlights Gold price started a downside correction from the $2,050 resistance zone. A major bearish trend line is forming with resistance near $2,015 on the 4-hour chart. EUR/USD is consolidating above the 1.0840 support. Read more…
AUDUSD has been in a sliding mode this week, after hitting resistance near its 50-period exponential moving average (EMA). That said, in the bigger picture, the pair has been trading sideways since February 24, with Read more…