Daily Pivots: (S1) 1.6532; (P) 1.6562; (R1) 1.6598; More… Range trading continues in EUR/AUD and intraday bias remains neutral. Near term outlook will stays cautiously bullish as long as 1.6439 support holds. On the upside, Read more…
Daily Pivots: (S1) 163.01; (P) 163.23; (R1) 163.51; More… EUR/JPY dips further to 162.92 but recovered since then. Intraday bias stays neutral first. On the downside, below 162.92 will resume the decline from 165.33 short Read more…
Daily Pivots: (S1) 190.78; (P) 191.02; (R1) 191.25; More….. GBP/JPY is gyrating in tight range around 55 4H EMA and intraday bias remains neutral. More consolidations could be seen. But outlook will stay bullish as Read more…
Activity in global financial markets remain generally subdued due to the extended Easter holiday in many regions. Nevertheless, Japan’s markets kicked off the new fiscal year on a tumultuous note, with Nikkei index having a Read more…
The week starts very slowly as most Western markets are closed for Easter holiday. The US revealed the latest core PCE print on a Good Friday and the Federal Reserve (Fed) Chair Jerome Powell spoke Read more…
Key Highlights EUR/USD started a fresh decline below the 1.0820 support zone. A key bearish trend line is forming with resistance at 1.0875 on the 4-hour chart. Gold prices rallied further above the $2,250 resistance. Read more…
China’s Caixin PMI Manufacturing rose from 50.9 to 51.1 in March, above expectation of 51.0, marking the highest level in 13 months. Wang Zhe, Senior Economist at Caixin Insight Group, noted acceleration in both supply Read more…
Japan’s PMI Manufacturing was finalized at 48.2 in March, up from February’s 47.2, highest in four months. Usamah Bhatti of S&P Global Market Intelligence noted that while the sector’s performance remained “downbeat,” there were emerging Read more…
Japan’s Q1 quarterly Tankan survey unveils mixed economic sentiment among the nation’s large businesses. Service sector expressed their highest levels of optimism in over three decades, contrasting with a slight decline in confidence among manufacturers. Read more…
China’s official NBS PMI Manufacturing climbed from 49.1 to 50.8 in March, surpassing expectations of 50.1. This uptick not only marks the sector’s first expansion in six months but also represents its highest reading in Read more…