Market movers today The main focus this week will be on FOMC minutes Tuesday, Riksbank meeting and Euro PMIs on Thursday and US PMIs, German ifo and Japan CPI on Friday. Today we start out Read more…
Daily Pivots: (S1) 0.6473; (P) 0.6495; (R1) 0.6536; More… AUD/USD’s rise from 0.6269 resumes today by breaking through 0.6541 resistance. Intraday bias is back on the upside. Current development argues that whole decline from 0.7156 Read more…
Daily Pivots: (S1) 1.3698; (P) 1.3734; (R1) 1.3761; More… Intraday bias in USD/CAD stays neutral and outlook is unchanged. While another fall cannot be ruled out, downside should be contained by 38.2% retracement of 1.3091 Read more…
Heightened dovish expectations on US monetary policy have led to US Treasuries-JGBs yield premium shrinkage. Bearish momentum factor has taken a foothold as well with USD/JPY’s price action below its 20 and 50-day moving averages. Read more…
Daily Pivots: (S1) 148.91; (P) 149.85; (R1) 150.49; More… USD/JPY’s break of 149.17 support should confirm rejection by 151.93 resistance. Intraday bias is back on the downside for channel support medium term channel support at Read more…
Dollar’s selloff intensified in today’s Asian session, underpinned by strong risk-on sentiment prevalent in the market. This move was particularly evident in USD/JPY, which saw broke through an important near-term support level around the 149 Read more…
As reported by the National Interbank Funding Center today, China’s one-year loan prime rate retains is unchanged 3.45%. Similarly, the over-five-year LPR, a critical determinant of mortgage rates, is also steady at 4.2%. The LPR, Read more…
DXY: The DXY (US Dollar Index) chart currently has a bullish overall momentum, suggesting the potential for a bullish bounce off the 1st support level, with a potential move towards the 1st resistance. The 1st Read more…
Short-term bond yields rose Friday amid Fed comments disagreeing with markets pricing rate cuts. Equities were steady, while oil rose and the US dollar fell, AUD up to 0.6510. Today’s global calendar is low key. Read more…
Key Highlights Tesla’s stock price climbed higher from the $195.00 support. A major bearish trend line is forming with resistance near $245 on the 4-hour chart. The bulls might struggle to clear the $245 and Read more…