Daily Pivots: (S1) 1.0736; (P) 1.0758; (R1) 1.0790; More… Intraday bias in EUR/USD is turned neutral with current recovery and some consolidation would be seen first. But risk will stay on the downside as long Read more…
Dollar retreated mildly following comments from two FOMC members, including a known hawkish figure, reiterating expectations for three interest rate cuts within the year. Despite this, the retreat remains subdued as there is no guarantee Read more…
Key Highlights GBP/USD gained bearish momentum below the 1.2640 support zone. A major bearish trend line is forming with resistance at 1.2670 on the 4-hour chart. Gold prices rallied further above the $2,260 resistance. The Read more…
China’s Caixin PMI Services edged up slightly from 52.5 to 52.7 in March, matched expectations. PMI Composite, which tracks both manufacturing and service sectors, also increased from 52.5 to 52.7, indicating the most pronounced expansion Read more…
Japan’s PMI Services was finalized at 54.1 in March, a notable improvement from February’s 52.9 and marking the most significant growth for the past seven months. PMI Composite also rose to 51.7 from the previous Read more…
San Francisco Fed President Mary Daly offered described three rate cuts this year as a “very reasonable baseline.” However, she was careful to clarify that such a projection should not be interpreted as a commitment, Read more…
Cleveland Fed President Loretta Mester said overnight that three rate cuts might be appropriate this year, though she mentioned, “it’s a close call” on the possibility of fewer reductions being needed. Addressing the upcoming meeting Read more…
As the global economy continues to take new shape in its recovery from the Covid-19 pandemic, many companies are still reeling from the high costs and supply shortages the health crisis triggered. And a significant Read more…
Sterling reversed from pivotal support level 1.2550 Likely to rise to resistance level 1.2700 Sterling recently reversed up from the pivotal support level 1.2550, which has been reversing the pair from the start of December, Read more…
Brent crude oil broke resistance level 86.70 Likely to rise to resistance level 90.00 Brent crude oil recently broke the resistance level 86.70, which reversed the price with the daily Evening Star in March. The Read more…