The UK labour market is deteriorating at an increasing rate. Data released this morning showed that jobless claims rose by 46.7k in April, following a 26.5k increase in March. Analysts had, on average, expected a Read more…
Daily Pivots: (S1) 1.0850; (P) 1.0870; (R1) 1.0870; More… Intraday bias in EUR/USD is turned neutral first as consolidation from 1.0844 temporary low is extending. Further decline is expected as long as 1.0941 resistance holds. Read more…
Canada CPI rose 0.7% mom in April, above expectation of 0.5% mom. Prices for gasoline (+6.3%) contributed the most to the headline month-over-month movement. Excluding gasoline, the monthly CPI rose 0.5%. Over the 12-month period, CPI Read more…
The dollar dipped further on Tuesday morning, extending pullback into second consecutive day after bulls repeatedly failed to break through pivotal Fibo support at 102.52 (38.2% of 105.85/100.45 downleg). Upside rejection formed a double-top and Read more…
Eurozone goods exports to the rest of the world rose 7.5% yoy to EUR 269.2B in March. Imports fell -10.0% yoy to EUR 243.5B. Trade surplus came in at EUR 25.6B. Intra-Eurozone trade rose 0.6% Read more…
Eurozone goods exports to the rest of the world rose 7.5% yoy to EUR 269.2B in March. Imports fell -10.0% yoy to EUR 243.5B. Trade surplus came in at EUR 25.6B. Intra-Eurozone trade rose 0.6% Read more…
GBPUSD attempted to recover some lost ground on Monday after its pullback from the 2021 descending trendline stalled near 1.2442. Despite its latest bullish efforts, the pair could not overcome its 20-day simple moving average Read more…
UK payrolled employees dropped -0.5% mom, or -136k in April, comparing with March. That is the first decline in total payrolled employees since the COVID pandemic. Comparing with April 2022, payrolled employees rose 1.0% yoy Read more…
Daily Pivots: (S1) 0.6658; (P) 0.6684; (R1) 0.6725; More… Intraday bias in AUD/USD is turned neutral first with current recovery. But risk will stay on the downside as long as 0.6817 resistance holds. Consolidation pattern Read more…
Daily Pivots: (S1) 0.6658; (P) 0.6684; (R1) 0.6725; More… Intraday bias in AUD/USD is turned neutral first with current recovery. But risk will stay on the downside as long as 0.6817 resistance holds. Consolidation pattern Read more…