Daily Pivots: (S1) 1.0783; (P) 1.0804; (R1) 1.0842; More… EUR/USD’s rise from 1.0601 resumed by breaking through 1.0810 and intraday bias is back on the upside. Further rise should be seen to 1.0885 resistance next. Read more…
Daily Pivots: (S1) 1.2538; (P) 1.2565; (R1) 1.2621; More… Intraday bias in GBP/USD stays neutral as range trading continues. Further rise is mildly in favor with 1.2445 support intact. On the upside, break of 1.2633 Read more…
Daily Pivots: (S1) 0.9047; (P) 0.9074; (R1) 0.9094; More…. No change in USD/CHF’s outlook. Intraday bias stays neutral and further decline is in favor as long as 55 4H EMA (now at 0.9080) holds. On Read more…
Daily Pivots: (S1) 156.09; (P) 156.43; (R1) 156.78; More… USD/JPY continues to lose upside momentum as seen in 4H MACD. But further rise could still be seen with 155.25 support intact. Rebound from 151.86, as Read more…
Daily Pivots: (S1) 1.3625; (P) 1.3658; (R1) 1.3684; More… USD/CAD is staying in range above 1.3608 and intraday bias remains neutral. On the upside, break of 1.3761 resistance will argue that correction from 1.3845 has Read more…
Daily Pivots: (S1) 0.6595; (P) 0.6612; (R1) 0.6643; More… AUD/USD’s breach of 0.6645 resistance suggests that rise from 0.6361 is resuming. Intraday bias is now on the upside for 61.8% projection of 0.6464 to 0.6645 Read more…
Dollar remains broadly under pressure during Asian session as markets await the highly anticipated US CPI data. Expectations of Fed rate cuts have been building again since non-farm payroll data indicated a loosening job market. Read more…
We expect the RBNZ will leave the OCR at 5.5% at its May Monetary Policy Statement. The RBNZ will likely remain comfortable with the forward outlook communicated in the February Monetary Policy Statement. We don’t Read more…
Australia wage price index rose 0.8% qoq, below expectation of 0.9% qoq. The private sector rose 0.8% qoq and the public sector rose 0.5% qoq. Over the year, WPI slowed from 4.2% yoy to 4.1% yoy, Read more…
Kansas City Fed President Jeffrey Schmid expressed confidence that inflation will gradually return to Fed’s 2% target “over time”. But he also emphasized the importance of patience, saying, “I am prepared to be patient as Read more…