Daily Pivots: (S1) 0.9739; (P) 0.9772; (R1) 0.9793; More… Intraday bias in EUR/CHF stays neutral for more consolidations. Further rally is expected with 0.9708 minor support intact. Above 0.9800 will resume the rebound from 0.9563 Read more…
Daily Pivots: (S1) 1.0695; (P) 1.0714; (R1) 1.0740; More… Outlook in EUR/USD is unchanged and intraday bias stays neutral. On the upside, above 1.0752 will resume the rebound to 55 D EMA (now at 1.0780). Read more…
Daily Pivots: (S1) 1.2504; (P) 1.2537; (R1) 1.2595; More… Intraday bias in GBP/USD stays mildly on the upside for the moment. Rebound from 1.2298 short term bottom would target 55 D EMA (now at 1.2580). Read more…
Daily Pivots: (S1) 0.9079; (P) 0.9116; (R1) 0.9143; More…. USD/CHF is staying in sideway consolidations and intraday bias remains neutral. On the upside, firm break of 0.9151 will resume the rally from 0.8332 and should Read more…
Daily Pivots: (S1) 153.91; (P) 156.95; (R1) 159.37; More… Intraday bias in USD/JPY stays neutral for the moment. Consolidation from 160.20 short term top is extending. Strong support could be seen from 38.2% retracement of Read more…
Daily Pivots: (S1) 1.3636; (P) 1.3657; (R1) 1.3683; More… Intraday bias in USD/CAD is turned neutral with current recovery. On the downside, below 1.3631 will resume the fall from 1.3845 short term top to 55 Read more…
In focus today Today, focus is on euro area inflation for April. Inflation has declined significantly in recent months but the underlying momentum in service inflation has picked up. We expect inflation will remain unchanged Read more…
Tesla stole the light with a 15% jump on Monday after Elon Musk’s surprise visit to China resulted in a partnership with Baidu’s maps and navigation futures that cleared the way for Tesla’s full-self driving Read more…
China’s NBS PMI Manufacturing fell from 50.8 to 50.4 in April, matched expectations. NBS PMI Non-Manufacturing fell from 53.0 to 51.2, below expectation of 52.2. PMI Composite fell from 52.7 to 51.7. The breakdown of Read more…
Key Highlights Crude oil bulls are aiming for a fresh increase above the $85.00 level. The price broke a key bearish trend line with resistance at $83.50 on the 4-hour chart. Gold prices are consolidating Read more…