Daily Pivots: (S1) 167.83; (P) 168.24; (R1) 168.98; 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) 0.8585; (P) 0.8597; (R1) 0.8603; More… Intraday bias in EUR/GBP remains neutral at this point. On the downside, below 0.8585 minor support will argue that rebound from 0.8529 has completed, and larger Read more…
Daily Pivots: (S1) 1.6295; (P) 1.6324; (R1) 1.6357; More… No change in EUR/AUD’s outlook and intraday bias stays neutral. While stronger recovery might be seen, further decline is expected as long as 1.6494 resistance holds. Read more…
Daily Pivots: (S1) 0.9765; (P) 0.9784; (R1) 0.9819; More… Intraday bias in EUR/CHF remains neutral at this point. On the upside, decisive break of 0.9835/47 resistance will resume larger rally from 0.9252. On the downside, Read more…
Markets Fed vice-chair Jefferson came with an important message to his colleagues. The current diversity of viewpoints among policymakers lends to stimulating debates and ultimately better policy. But… there’s a but… in such a situation, Read more…
The major indices in Europe and the US across traded rangebound near their ATH levels and the US dollar index fluctuated a touch above the 105 level ahead of the US and European inflation updates Read more…
UK payrolled employment fell -85k or -0.3% mom in April. This is a rise of 129,000 people over the 12-month period. Median monthly pay growth was 6.9% yoy, accelerated from March’s 6.4% yoy. Claimant count Read more…
In focus today In the US, April PPI is due for release this afternoon, unusually ahead of the CPI release tomorrow. This means markets could pay even more attention to it than usual, not least Read more…
Daily Pivots: (S1) 1.3655; (P) 1.3673; (R1) 1.3684; More… Intraday bias in USD/CAD stays neutral and outlook is unchanged. On the upside, break of 1.3761 resistance will argue that correction from 1.3845 has already completed. Read more…
Daily Pivots: (S1) 0.6586; (P) 0.6608; (R1) 0.6629; More… Intraday bias in AUD/USD stays neutral at this point. Further rally is expected as long as 0.6557 support holds. Break of 0.6645 will will resume the Read more…