Daily Pivots: (S1) 1.2504; (P) 1.2523; (R1) 1.2543; More… Intraday bias in GBP/USD remains neutral for the moment. Further rise is mildly in favor with 1.2445 support intact. On the upside, break of 1.2633 will Read more…
Daily Pivots: (S1) 0.9048; (P) 0.9066; (R1) 0.9084; More…. Intraday bias in USD/CHF remains neutral for the moment. Further decline is in favor as long as 55 4H EMA (now at 0.9085) holds. On the Read more…
Daily Pivots: (S1) 155.38; (P) 155.65; (R1) 156.02; More… Further rise is mildly in favor in USD/JPY despite loss of upside momentum as seen in 4H MACD. Rebound from 151.86, as the second leg of Read more…
Daily Pivots: (S1) 0.6591; (P) 0.6608; (R1) 0.6620; More… Intraday bias in AUD/USD remains neutral for the moment. Further rally is in favor as long as 55 4H EMA (now at 0.6577) holds. Above 0.6645 Read more…
According to RBNZ Business Expectations Survey for Q2, respondents have lowered their expectations for CPI inflation in both the short-term and medium-term, while their long-term CPI inflation expectations have remained stable. Specifically, one-year-ahead annual inflation Read more…
Inflation expectations have continued to fall. That will help to quell the RBNZ concerns about the longer-term inflation outlook. Inflation expectations One year ahead: 2.73% (Prev: 3.22%, down 49 points) Two years ahead: 2.33% (Prev: Read more…
Key Highlights EUR/USD started a decent increase and climbed above 1.0750. A key bullish trend line is forming with support at 1.0700 on the 4-hour chart. Gold prices cleared the $2,335 resistance to move into Read more…
Australia’s NAB Business Confidence held steady at 1 in April. Business Conditions index fell from from 9 to 7. Notably, trading conditions declined from 15 to 12, while profitability was unchanged at 6. A significant Read more…
New Zealand’s BusinessNZ Performance of Services Index ticked down from 47.2 to 47.1 in April, marking the lowest level since January 2022. Breaking down the components of the index reveals mixed signals: Activity and sales Read more…
Key themes: A sharp fall US consumer confidence added to evidence that the US economy is losing some momentum. However, an uptick in consumer inflation expectations complicated the picture, prompting suggestions of the risk of stagflation. Read more…