UK CPI slowed sharply from 3.2% yoy to 2.3% yoy in April, but above expectation of 2.1% yoy. Core CPI (excluding energy, food, alcohol and tobacco) slowed from 4.2% yoy to 3.9% yoy, above expectation Read more…
Daily Pivots: (S1) 1.0840; (P) 1.0857; (R1) 1.0872; More… Intraday bias in EUR/USD stays neutral and consolidations continue below 1.0894. Further rally is expected as long as 1.0810 resistance turned support holds. Break of 1.0894 Read more…
Daily Pivots: (S1) 0.9092; (P) 0.9104; (R1) 0.9122; More…. Intraday bias in USD/CHF stays mildly on the upside for the moment. Corrective fall from 0.9223 might have completed with three waves down to 0.8987 already. Read more…
Daily Pivots: (S1) 155.75; (P) 156.03; (R1) 156.56; More… Intraday bias in USD/JPY remains neutral and outlook is unchanged. Price actions from 160.20 are seen as a corrective pattern. On the upside, break of 156.78 Read more…
Daily Pivots: (S1) 1.3621; (P) 1.3648; (R1) 1.3682; More… Intraday bias in USD/CAD remains neutral for the moment. Strong bounce from current level will confirm support by 55 D EMA (now at 1.3628). Break of Read more…
The RBNZ left the OCR at 5.5% at its May policy meeting, as was widely expected. The RBNZ discussed the possibility of tightening at this meeting but concluded that they retain sufficient confidence to leave Read more…
Daily Pivots: (S1) 0.6649; (P) 0.6664; (R1) 0.6681; More… AUD/USD is staying in consolidation from 0.6713 and intraday bias remains neutral. Further rally is expected as long as 0.6578 support holds. As noted before, fall Read more…
New Zealand Dollar surged sharply higher following RBNZ’s unexpectedly hawkish rate decision. While OCR was left unchanged, the central bank signaled the increased possibility of another rate hike this year and delayed projected timing of Read more…
NZD/USD rises sharply after the hawkish RBNZ hold today. Break of 0.6139 confirms resumption of rally from 0.5873. Further rise is now expected as long as 0.6086 support holds. Next near term target is 0.6215 Read more…
RBNZ kept Official Cash Rate unchanged at 5.50%, as widely anticipated. However, RBNZ surprised markets by raising its projected rate path, suggesting the possibility of another rate hike later this year. Additionally, the timeline for Read more…