The USDJPY bounces on Friday, registering significant gains for the first time in seven days and generating initial signal of correction. Pullback from new 2023 high (145.06), which accelerated after dollar came under increased pressure Read more…
Eurozone exports of goods to the rest of the world fell -2.3% yoy to EUR 241.9B in May. Imports fell -12.8% yoy to EUR 242.2B. Trade balance reported EUR -0.3B deficit. Intra-Eurozone trade fell -5.7% Read more…
Eurozone exports of goods to the rest of the world fell -2.3% yoy to EUR 241.9B in May. Imports fell -12.8% yoy to EUR 242.2B. Trade balance reported EUR -0.3B deficit. Intra-Eurozone trade fell -5.7% Read more…
The USD is trading sharply lower this week after US CPI data comes out at 3.0%, so speculators sold USD as they believe that FED is closer to end its hawkish policy. We see stocks Read more…
Daily Pivots: (S1) 0.9614; (P) 0.9636; (R1) 0.9663; More… In the bigger picture, medium term outlook is staying bearish as the pair is capped below falling 55 W EMA (now at 0.9913). Down trend form Read more…
Daily Pivots: (S1) 1.3032; (P) 1.3087; (R1) 1.3190; More… Intraday bias in GBP/USD remains on the upside for the moment. Current rally is part of the up trend from 1.0351. Next target is 100% projection Read more…
Dollar is still facing much broad-based pressure as risk-on sentiment continues to dominate the markets. A slight recovery could be on the cards due to pre-weekend profit-taking, although this largely hinges on the inflation expectation Read more…
US stocks once again surged overnight, with NASDAQ and S&P 500 making new highs. Investors cheered this week CPI and PPI data from the US, which affirmed their expectation that only one more rate hike Read more…
Key insights from the week that was. Beginning in Australia, the Westpac-MI Consumer Sentiment survey delivered a lacklustre update on confidence. At 81.3, the headline index remains firmly entrenched at extremely pessimistic levels, an outcome Read more…