WTI futures retreat below both 50 and 200-day SMAs Violate ascending channel in place since November Oscillators approach oversold conditions WTI oil futures (June delivery) had been in a steady uptrend since December, posting a fresh six-month peak of Read more…
Daily Pivots: (S1) 1.3648; (P) 1.3697; (R1) 1.3724; More… Intraday bias in USD/CAD stays neutral at this point. On the upside above 1.3782 will target 1.3845 resistance first. Firm break there will resume larger rise Read more…
Daily Pivots: (S1) 0.6530; (P) 0.6551; (R1) 0.6588; More… Intraday bias in AUD/USD remains neutral first. On the upside, break of 0.6585 resistance will resume the rebound from 0.6361. That would also affirm the case Read more…
Daily Pivots: (S1) 152.37; (P) 154.33; (R1) 155.60; More… Intraday bias in USD/JPY remains on the downside as fall from 160.20 is in progress. As a correction to rise from 146.47, deeper decline would be Read more…
Daily Pivots: (S1) 0.9079; (P) 0.9126; (R1) 0.9155; More…. Intraday bias in USD/CHF remains neutral with focus on 0.9087 support. Decisive break there will indicate rejection by 0.9243 key resistance and turn bias back to Read more…
Daily Pivots: (S1) 1.2490; (P) 1.2517; (R1) 1.2563; More… No change in GBP/USD’s outlook as range trading continues. Intraday bias remains neutral at this point. On the upside, above 1.2568 will resume the rebound from Read more…
Markets A dovish Powell – or the absence of a hawkish one – lifted core bonds for a second day straight. Treasuries outperformed thanks to an acceleration in early US dealings. A mixed bag of Read more…
In focus today Today we get the US April Jobs Report which will round off the interesting week it has been in markets. We expect non-farm payrolls growth to cool to +200k, as immigration-driven uptick Read more…
Daily Pivots: (S1) 1.0689; (P) 1.0710; (R1) 1.0745; More… Range trading continues in EUR/USD and intraday bias stays neutral. On the upside, break of 1.0752 will resume the rebound from 1.0601. Sustained trading above 55 Read more…
Dollar weakens broadly in Asian session, continuing its selloff from the previous night, as influenced by rebound in US stocks and falling treasury yields. The focus is now squarely on today’s non-farm payroll report, a Read more…