Markets LT yields yesterday continued recent reacceleration. This tells at least as much on current market momentum as on the news that served as an explanation. Regional German May inflation published throughout the day were Read more…
Market mood further darkened yesterday following another round of weak Treasury sales in the US. The 7-year note failed to attract enough demand on Wednesday. The 2 and 5-year auctions also saw weak demand earlier Read more…
In focus today In the euro area, we receive data on the unemployment rate in April. The labour market is still historically strong, and employment grew 0.3% q/q in Q1. We expect the unemployment rate Read more…
Daily Pivots: (S1) 1.0780; (P) 1.0821; (R1) 1.0842; More…. Intraday bias in EUR/USD is back on the downside with break of 1.0804 support. Deeper fall would be seen to 1.0752 resistance turned support. Firm break Read more…
Daily Pivots: (S1) 157.16; (P) 157.44; (R1) 157.94; More… Intraday bias in USD/JPY is turned neutral with current retreat. On the downside, break of 156.57 minor support will indicate short term topping, on bearish divergence Read more…
Daily Pivots: (S1) 1.2673; (P) 1.2727; (R1) 1.2754; More… Intraday bias in GBP/USD remains neutral for the moment, and some consolidations would be seen below 1.2799 temporary top. But further rise is expected as long Read more…
Daily Pivots: (S1) 0.9116; (P) 0.9130; (R1) 0.9147; More…. Intraday bias in USD/CHF remains neutral and further rise is in favor with 0.9077 minor support intact. On the upside, above 0.9157 will bring retest of Read more…
Daily Pivots: (S1) 0.6590; (P) 0.6629; (R1) 0.6650; More… Range trading continues in AUD/USD and intraday bias stays neutral. Further rally is in favor with 0.6578 cluster support (38.2% retracement of 0.6361 to 0.6713 at Read more…
Daily Pivots: (S1) 1.3665; (P) 1.3694; (R1) 1.3747; More… Intraday bias in USD/CAD remains neutral for the moment. On the upside, break of 1.3742 resistance will revive the case that correction from 1.3845 has completed Read more…
Daily Pivots: (S1) 199.92; (P) 200.38; (R1)200.70; More… Intraday bias in GBP/JPY is turned neutral first with current retreat. Break of 199.00 support will suggest short term topping, on bearish divergence condition in 4H MACD. Read more…