Month: May 2024

Daily Pivots: (S1) 1.0664; (P) 1.0699; (R1) 1.0748; More… Intraday bias in EUR/USD remains neutral as range trading continues. On the upside, break of 1.0752 will resume the rebound from 1.0601. Sustained trading above 55 Read more…

Daily Pivots: (S1) 1.2481; (P) 1.2516; (R1) 1.2564; More… Intraday bias in GBP/USD remains neutral as range trading continues. On the upside, above 1.2568 will resume the rebound from 1.2298 to 55 D EMA (now Read more…

Daily Pivots: (S1) 152.27; (P) 155.13; (R1) 157.26; More… No change in USD/JPY’s outlook as correction from 160.20 is in progress. Risk will stay on the downside as long as 157.98 resistance holds. Deeper pullback Read more…

Conway Gittens brings the latest business headlines from the floor of the New York Stock Exchange as markets open for trading Thursday, May 2. Related: Stock Market Today: Stocks gain as Powell nixes rate hikes; Read more…

Daily Pivots: (S1) 0.9128; (P) 0.9176; (R1) 0.9207; More…. Intraday bias in USD/CHF remains neutral for the moment. Further rally is still in favor as long as 0.9087 support holds. On the upside, above 0.9223 Read more…

Swiss Franc saw a significant rebound in European session, driven by stronger-than-expected inflation figures for April. Despite this upside surprise, inflation remained within SNB’s target range of 0-2% for the eleventh consecutive month. Currently, economists Read more…

US initial jobless claims was unchanged at 208k in the week ending April 27, lower than expectation of 212k. Four-week moving average of initial claims fell -3.5k to 210k. Continuing claims was unchanged at 1774k Read more…