USDJPY bulls face limitations ahead of the US CPI inflation figures Short-term risk tilted to the upside, but confirmation required above 156.60 USDJPY recouped more than half of its sharp losses that occurred at the Read more…
EUR/USD is slowly gaining traction above the 1.0800 level. USD/JPY trimmed almost all losses and showing positive signs above 156.20. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro started a decent increase above Read more…
Daily Pivots: (S1) 196.12; (P) 196.59; (R1) 197.45; More… Intraday bias in GBP/JPY stays on the upside at this point. Rebound from 191.34 is seen as the second leg of the corrective pattern from 200.53. Read more…
Daily Pivots: (S1) 168.65; (P) 169.00; (R1) 169.61; More… Intraday bias in EUR/JPY stays on the upside at this point. Rebound from 164.01 is seen as the second leg of the corrective pattern from 171.58. Read more…
Daily Pivots: (S1) 0.8581; (P) 0.8598; (R1) 0.8608; More… Intraday bias in EUR/GBP stays neutral and outlook is unchanged. On the downside, below 0.8585 minor support will argue that rebound from 0.8529 has completed, and Read more…
Daily Pivots: (S1) 1.6305; (P) 1.6338; (R1) 1.6358; More… Intraday bias in EUR/AUD remains neutral for the moment. While stronger recovery might be seen, further decline is expected as long as 1.6494 resistance holds. Fall Read more…
Daily Pivots: (S1) 0.9792; (P) 0.9803; (R1) 0.9819; More… Intraday bias in EUR/CHF remains neutral for the moment. On the upside, decisive break of 0.9835/47 resistance will resume larger rally from 0.9252. On the downside, Read more…
Markets Significantly accelerating monthly US producer price inflation (April) triggered the obvious initial sell-off in US Treasuries and spike in the dollar. Producer prices rose by 0.5% M/M on the headline and on the core Read more…
Yesterday was one of those days when investors insisted on seeing a glass that was one-tenth full as completely full. The US producer price data came in higher than expected. The US factory-gate prices jumped Read more…
In focus today In the US, the focus will be on April CPI. We forecast headline inflation at +0.4% m/m SA, as energy inflation has been boosted by rising oil prices. Core inflation is likely Read more…