Daily Pivots: (S1) 170.04; (P) 170.42; (R1) 170.67; More… EUR/JPY’s break of 169.46 minor support suggests short term topping at 170.78, on bearish divergence condition in 4H MACD. Rise from 164.01, as the second leg Read more…
Daily Pivots: (S1) 0.8486; (P) 0.8502; (R1) 0.8519; More… EUR/GBP breached 0.8491 support but couldn’t sustain below it. Intraday bias remains neutral and some more consolidations could be seen. Further decline is expected as long Read more…
Daily Pivots: (S1) 1.6285; (P) 1.6330; (R1) 1.6383; More… Intraday bias in EUR/AUD is turned neutral against with current recovery. On the downside, firm break of 1.6211 support will resume the whole decline from 1.6742, Read more…
Daily Pivots: (S1) 0.9847; (P) 0.9879; (R1) 0.9894; More…. EUR/CHF’s break of 0.9880 support confirms short term topping at 0.9928. Intraday bias is back on the downside. Deeper fall would be seen to 38.2% retracement Read more…
The US financial markets were enveloped in a wave of risk aversion that continued into Asian session, primarily driven by the notable surge in Treasury yields. This uptick in yields followed an auction of seven-year Read more…
Short Term Elliott Wave in EURUSD suggests rally from 4.16.2024 low unfolded as a 5 waves impulse Elliott Wave structure. Up from 4.16.2024 low, wave ((i)) ended at 1.0753 and pullback in wave ((ii)) ended Read more…
At a conference today, RBA Chief Economist Sarah Hunter highlighted the central bank’s intense focus on inflation, which continues to exceed the target band. Discussing the latest CPI data, Hunter noted, “Yesterday’s data did confirm Read more…
SNB Chairman Thomas Jordan highlighted at an event in Seoul today a “small upward risk” to the current inflation forecasts, which could mean a “more accommodative than intended” monetary policy if realized. Jordan pointed out Read more…
Atlanta Fed President Raphael Bostic indicated that interest rate cuts might be on the table by the fourth quarter of this year, provided economic conditions align with his expectations. “My outlook is that if things Read more…
Fed’s Beige Book indicates that most Federal Reserve Districts experienced “slight or modest” economic growth, while two Districts saw no change in activity. The overall economic outlook has become more “pessimistic” due to increased uncertainty Read more…