Daily Pivots: (S1) 1.0783; (P) 1.0823; (R1) 1.0872; More… EUR/USD’s rally from 1.0634 short term bottom continues today and intraday bias stays on the upside. Corrective fall from 1.1094 could have completed already. Further rally Read more…
US retail sales rose 0.3% mom to USD 686.6B in May, above expectation of 0.0% mom. Ex-auto sales rose 0.1% mom to USD 554.5B, matched expectations. Ex-gasoline sales rose 0.6% mom to USD 633.5B. Ex-auto Read more…
The Euro kept firm tone on Thursday despite strong upside rejection at 1.0863 (Fibo 50% of 1.1091/1.0635) on Wednesday, as dips were contained by former strong resistance at 1.0805 (daily cloud base) now reverted to Read more…
Eurozone exports of goods to the rest of the world decreased -3.6% yoy in April to EUR 216.0B. Imports decreased -11.9% yoy to EUR 227.7B. A EUR -11.7B trade deficit was recorded. Intra-Eurozone trade was Read more…
Eurozone exports of goods to the rest of the world decreased -3.6% yoy in April to EUR 216.0B. Imports decreased -11.9% yoy to EUR 227.7B. A EUR -11.7B trade deficit was recorded. Intra-Eurozone trade was Read more…
Daily Pivots: (S1) 0.9736; (P) 0.9755; (R1) 0.9779; More… Further rally is still expected in EUR/CHF. Sustained trading above 55 D EMA (now at 0.9778) will add to case that whole correction from 1.0095 has Read more…
USD/JPY bounces back The US dollar bounced after the Fed signalled another 50 bp hike by year-end despite a pause. The pair has consolidated its gains along the 20-day SMA (139.00) after rising above the Read more…
The steep decline in Japanese Yen in Asian session trigger verbal intervention by a top government official. Chief Cabinet Secretary Hirokazu Matsuno said at a press conference, “It is important for foreign exchange markets to Read more…
China’s industrial production growth for May came in at 3.5% yoy, aligning with market expectations. However, a discrepancy was observed in growth rates of private and state-owned businesses. Industrial output from private businesses only managed Read more…