Two-day recovery seems to be running out of steam, following repeated failure to break above thin daily cloud, with long upper shadows on daily candles, warning of persisting pressure. Technical picture on daily chart is Read more…
Eurozone’s manufacturing sector remains entrenched in recession as April’s PMI figures highlight ongoing challenges and disparities within the region. The overall Manufacturing PMI for the Eurozone was finalized at 45.7, a slight decrease from March’s Read more…
Last night, the Federal Reserve’s decision regarding interest rates was published, which, as expected, remained unchanged at 5.5%. The subsequent press conference by Powell was of particular interest to market participants. According to CNBC, during Read more…
AUDUSD in the green again today, above the 50-day SMA The bullish tendency manifesting since the April low persists Momentum indicators mostly mixed; stochastics could send a bullish signal AUDUSD is recording another green candle Read more…
Daily Pivots: (S1) 191.01; (P) 194.22; (R1) 196.66; More.. GBP/JPY’s fall from 200.53 resumed and hit 191.77 before recovering. For now, further decline is in favor as long as 197.40 minor resistance holds, as correction Read more…
Daily Pivots: (S1) 163.45; (P) 166.06; (R1) 168.06; More… EUR/JPY’s fall from 171.58 resumed and dipped to 164.04 but quickly recovered. Further fall is now in favor as long as 168.64 resistance holds, as a Read more…
Daily Pivots: (S1) 0.8539; (P) 0.8549; (R1) 0.8562; More… Intraday bias in EUR/GBP remains neutral and some more consolidations would be seen above 0.8529 temporary low. But further decline is expected as long as 0.8582 Read more…
Daily Pivots: (S1) 1.6390; (P) 1.6442; (R1) 1.6477; More… Intraday bias in EUR/AUD remains neutral and outlook is unchanged. Further decline is expected as long as 1.6484 resistance holds. Below 1.6288 will resume the fall Read more…
Daily Pivots: (S1) 0.9787; (P) 0.9812; (R1) 0.9837; More… Intraday bias in EUR/CHF is turned neutral again with current retreat. on the upside, firm break of 0.9847 resistance will resume larger rise from 0.9252 to Read more…
Markets The Fed kept the policy rate stable at the 5.25%-5.50% range yesterday. The statement did feature some changes, including that “In recent months, there has been a lack of further progress toward the Committee’s Read more…