Speaking at SNB’s annual shareholder meeting, President Thomas Jordan highlighted the achievement in lowering inflation to below 2%, a milestone that enabled the bank to implement a rate cut last month. Despite this progress, Jordan Read more…
GBPJPY is in the green again today, a tad below its 9-year high The BoJ meeting failed to stop the yen’s underperformance; intervention threat lingers Momentum indicators are clearly on the GBPJPY bulls’ side GBPJPY Read more…
Daily Pivots: (S1) 193.67; (P) 194.31; (R1) 195.39; More.. GBP/JPY’s up trend continues today and intraday bias stays on the upside for 195.86 long term resistance. Firm break there will target 198.89 projection level. On Read more…
Daily Pivots: (S1) 166.28; (P) 166.68; (R1) 167.42; More… Intraday bias in EUR/JPY remains on the upside as recent up trend continues. Next target is 168.72 projection level. On the downside, below 166.66 minor support Read more…
Daily Pivots: (S1) 0.8563; (P) 0.8577; (R1) 0.8590; More… Break of 55 4H EMA suggests that EUR/GBP’s rise from 0.8519 has completed at 0.8643, ahead of medium term trend line resistance. near term bearishness is Read more…
Daily Pivots: (S1) 1.6419; (P) 1.6453; (R1) 1.6495; More… Intraday bias in EUR/AUD remains neutral first. On the downside, firm break of 1.6368 support will revive that case that rebound from 1.6127 has completed at Read more…
Daily Pivots: (S1) 0.9773; (P) 0.9786; (R1) 0.9801; More… Intraday bias in EUR/CHF stays mildly on the upside at this point. Rise from 0.9563 would target a retest on 0.9847. Decisive break there will resume Read more…
USDCAD is in bearish correction mode MACD and RSI suggest weak momentum USDCAD is heading south erasing the rally towards the 1.3845 peak, slipping beneath the 20-day simple moving average (SMA). However, the broader outlook Read more…
Markets US yields reached new YTD highs across the curve following Q1 US GDP data. The 1.6% Q/Qa headline print missed consensus by quite a margin (2.5% Q/Qa), but details showed underlying strength in consumption Read more…
Short Term Elliott Wave View on DAX suggests rally from 10.23.2023 low is unfolding as a 5 waves impulse. Up from 10.23.2023 low, wave (1) ended at 17003.28 and dips in wave (2) ended at Read more…