All’s well that ends well. US inflation came in line with expectations yesterday; core CPI fell for the first time in six months and the monthly CPI figure was a bit lower than expected. Cherry Read more…
In focus today In the US, April industrial production data is due for release. In the euro area, industrial production data for March and employment growth for Q1 are scheduled for release. The current strong Read more…
Daily Pivots: (S1) 154.21; (P) 155.38; (R1) 156.08; More… Intraday bias in USD/JPY remains on the downside at this point. Fall from 156.78 is seen as the the third leg of the corrective pattern from Read more…
Daily Pivots: (S1) 0.9001; (P) 0.9036; (R1) 0.9057; More…. USD/CHF’s fall from 0.9223 resumed by breaking 0.9005 and intraday bias is back on the downside. Deeper decline should be seen to 38.2% retracement of 0.8332 Read more…
Daily Pivots: (S1) 1.2610; (P) 1.2648; (R1) 1.2725; More… Intraday bias in GBP/USD remains on the upside as rise from 1.2298 is in progress. Firm break of 1.2780 will pave the way to 1.2892 resistance Read more…
Daily Pivots: (S1) 1.0783; (P) 1.0804; (R1) 1.0842; More… EUR/USD’s rally from 1.0601 continues today and intraday bias stays on the upside. Next target is 1.0980 resistance. Decisive break there will confirm that whole fall Read more…
Dollar faced broad sell-offs overnight and continued to weaken in Asian session. Investors breathed a sigh of relief after US CPI data indicated that disinflation is progressing, which has reignited speculation about near-term rate cuts Read more…
Employment: +38.5k (from –5.9k). Unemployment Rate: 4.1% (from 3.9%). Participation Rate: 66.7% (from 66.6%). In April, the level of employment rose by +38.5k (0.3%), stronger than Westpac’s forecast for +20k and the market consensus for Read more…
Key Highlights GBP/USD started a decent increase and climbed above 1.2600. A key bullish trend line is forming with support at 1.2580 on the 4-hour chart. Gold prices cleared the $2,375 resistance to move into Read more…
Australia employment grew 38.5k in April, well above expectation of 25.3k. Full-time jobs fell -6.1k while part-time jobs rose 44.6k. Unemployment rate rose from 3.9% to 4.1%, above expectation of 3.9%. participation rate rose from Read more…