Month: April 2024

In focus today In the euro area, focus today will be on the euro area PMIs for April. The previous months’ PMIs have shown a return of the two-speed economy with the service sector in Read more…

Daily Pivots: (S1) 1.0628; (P) 1.0650; (R1) 1.0675; More… Intraday bias in EUR/USD remains neutral as range trading continues. Upside of recovery should be limited by 1.0723 support turned resistance. Break of 1.0601 will resume Read more…

Daily Pivots: (S1) 1.2303; (P) 1.2347; (R1) 1.2395; More… Intraday bias in GBP/USD remains on the downside at this point. Current fall from 1.2892 is in progress for 161.8% projection of 1.2892 to 1.2538 from Read more…

Daily Pivots: (S1) 0.9103; (P) 0.9113; (R1) 0.9131; More…. Intraday bias in USD/CHF remains neutral at this point. Consolidation from 0.9151 could extend, but further is expected as long as 0.8996 support holds. Break of Read more…

Daily Pivots: (S1) 154.57; (P) 154.71; (R1) 154.98; More… Intraday bias is mildly on the upside in USD/JPY with breach of 154.77 resistance. Larger up trend is extending. However, considering bearish divergence condition in 4H Read more…

Daily Pivots: (S1) 1.3673; (P) 1.3713; (R1) 1.3739; More… No change in USD/CAD’s outlook as retreat from 1.3845 is extending. Intraday bias stays neutral at this point. Downside should be contained by 1.3660 support to Read more…

Daily Pivots: (S1) 0.6423; (P) 0.6439; (R1) 0.6465; More… AUD/USD’s recovery from 0.6361 continues today but stays below 0.6480 support turned resistance. Intraday bias remains neutral first. Upside is still expected to be limited by Read more…

Australian Dollar trades broadly higher today, lifted partly by resurgence in risk sentiment, as well as robust PMI data reflecting the cyclical recovery in Australian economy. Improvement in the economic outlook reduces the immediate need Read more…

Platinum (PL) looks to have formed a bottom and the metal has started to rally higher in the next bullish cycle. The metal still needs to break above 1348.2 to confirm that the next leg Read more…

Key Highlights Gold started a downside correction from the $2,430 high. It traded below a key bullish trend line with support at $2,375 on the 4-hour chart. EUR/USD is struggling to recover above the 1.0680 Read more…