Markets The yen showed some huge intraday swings today. USD/JPY rose beyond 156 and was moving quickly towards 157 next. A violent countermove then pushed it back to the 155 figure only to trade back Read more…
Personal income grew 0.5% month-on-month (m/m) in March, an increase relative to February’s 0.3% gain and in line with market expectations. Accounting for inflation and taxes, real personal disposable income rose 0.2% in March, a Read more…
Image: The Verge Last year, on a perfect spring day that also happened to be my birthday, I took a car trip to a beautiful area of New York state. It was a lovely day. Read more…
Even though the Bank of Japan left the key rate and parameters of the QE programme unchanged, the central bank’s inaction increased the pressure on the national currency. This resulted in USDJPY reaching 156.80 and Read more…
Daily Pivots: (S1) 1.0692; (P) 1.0716; (R1) 1.0754; More… Intraday bias in EUR/USD remains mildly on the upside at this point. Rebound from 1.0601 could extend to 55 D EMA (now at 1.0784). On the Read more…
Daily Pivots: (S1) 1.2464; (P) 1.2495; (R1) 1.2543; More… No change in GBP/USD’s outlook and intraday bias stays neutral. Near term outlook stays bearish as long as 1.2538 support turned resistance holds. Break of 1.2421 Read more…
Daily Pivots: (S1) 0.9104; (P) 0.9137; (R1) 0.9155; More…. Intraday bias in USD/CHF remains neutral for the moment. On the upside, firm break of 0.9151 will resume the rally from 0.8332 and should target 0.9243 Read more…
Daily Pivots: (S1) 155.32; (P) 155.53; (R1) 155.87; More… Intraday bias in USD/JPY remains on the upside for 100% projection of 140.25 to 150.87 from 146.47 at 157.09. Some resistance could be seen there to Read more…
Dollar remains stable in early US session despite release of another set of persistently high inflation figures. The strong rebound in DOW futures suggest that investors are somewhat relieved to see no disastrous surge in Read more…
Updated at 9:05 AM EDT The Federal Reserve’s preferred inflation gauge held steady last month, suggesting modest progress from the Federal Reserve in slowing price pressures in the world’s biggest economy. On Friday, April 26, Read more…