Japan FinMin Suzuki: Will Deal With Forex Appropriately But Declines To Say Whether Forex Moves Are Excessive USDJPY breaks higher as inflation came at 1.8% down from 2.5% expectations, and 2.6% prev reading. Thats very Read more…
In focus today In the US, today’s main data focus will be on the March PCE. Consensus expects both headline and core PCE inflation to remain steady at 0.3% m/m after mixed signals from March Read more…
Facebook’s Meta went on a 10% freefall yesterday, even after the company announced better-than-expected earnings. This being said, yesterday’s selloff ended up being less than suggested in the afterhours trading. CEO Mark Zuckerberg said that, Read more…
Daily Pivots: (S1) 1.2464; (P) 1.2495; (R1) 1.2543; More… Intraday bias in GBP/USD remains neutral for the moment. Near term outlook stays bearish as long as 1.2538 support turned resistance holds. Break of 1.2421 minor Read more…
Daily Pivots: (S1) 0.9104; (P) 0.9137; (R1) 0.9155; More…. Intraday bias in USD/CHF is turned neutral again after it retreated after breaching 0.9151 resistance briefly. On the upside, firm break of 0.9151 will resume the Read more…
Daily Pivots: (S1) 155.32; (P) 155.53; (R1) 155.87; More… USD/JPY’s fall continues today and intraday bias remains on the upside. Next target is 100% projection of 140.25 to 150.87 from 146.47 at 157.09. On the Read more…
Japanese Yen resumes its free fall today, after a brief pause, and reaches new 34-year low against Dollar. Yen’s weakness is also broad-based and evident against other major currencies, with EUR/JPY marching towards its 2008 Read more…
BoJ left overnight call rate unchanged at 0-0.10% as widely expected, by unanimous vote. The BOJ says it will continue its Japanese government bond (JGB) purchases “in accordance with the decisions made at the March Read more…
Key insights from the week that was. In Australia, the Q1 CPI printed 1.0% (3.6%yr) for headline inflation and 1.0% (4.0%yr) for underlying trimmed mean inflation, meaningfully higher than consensus and likely the RBA’s view Read more…
Key Highlights USD/JPY rallied further above the 155.00 resistance. A major bullish trend line is forming with support at 155.20 on the 4-hour chart. EUR/USD is struggling to clear the 1.0750 resistance zone. Crude oil Read more…