Daily Pivots: (S1) 0.9750; (P) 0.9773; (R1) 0.9791; More… Intraday bias in EUR/CHF remains on the upside at this point. Rebound from 0.9670 is in progress. Sustained trading above 55 D EMA (now at 0.9779) Read more…
UK GDP grew 0.2% mom in April, matched expectations. Services rose 0.3% mom. Production declined by -0.3% mom. Construction fell -0.6% mom. In the three months to April, GDP grew 0.1%, compared with the three Read more…
Daily Pivots: (S1) 0.6734; (P) 0.6771; (R1) 0.6803; More… Intraday bias in AUD/USD remains on the upside as rise from 0.6457 is still in progress. Next target is 0.6817 structural resistance. Decisive break there should Read more…
Daily Pivots: (S1) 0.6734; (P) 0.6771; (R1) 0.6803; More… Intraday bias in AUD/USD remains on the upside as rise from 0.6457 is still in progress. Next target is 0.6817 structural resistance. Decisive break there should Read more…
US stocks surged broadly overnight as inflation data solidified a pause at today’s FOMC rate decision. NASDAQ extended its near term up trend to close at the highest level in 13 months. For now, near Read more…
An inflation peak is not enough for central banks to stop raising interest rates. The Reserve Bank of Australia and the Bank of Canada resumed their rate hike strategy unexpectedly last week for the sake Read more…
BoE Governor Andrew Bailey expressed his concern regarding the tight labour market in the UK during a hearing at the House of Lords Economics Affairs Committee today. His comments followed the release of data showing Read more…
BoE Governor Andrew Bailey expressed his concern regarding the tight labour market in the UK during a hearing at the House of Lords Economics Affairs Committee today. His comments followed the release of data showing Read more…