In focus today Today offers a light schedule in terms of tier-1 data releases. Most global markets that were off yesterday due to the International Labour Day are back today. In the US, we will Read more…
The Federal Reserve (Fed) decision yesterday was… interesting. As expected, the Fed kept its rates unchanged and said that they are not confident to cut the interest rates as inflation has started to show signs Read more…
Swiss CPI rose 0.3% mom in April, above expectation of 0.2% mom. CPI core (excluding fresh and seasonal products, energy and fuel) rose 0.4% mom. Domestic products prices rose 0.1% mom. Import products prices rose Read more…
Daily Pivots: (S1) 1.3700; (P) 1.3742; (R1) 1.3779; More… Intraday bias in USD/CAD is turned neutral again with current retreat. On the upside above 1.3782 will target 1.3845 resistance first. Firm break there will resume Read more…
Daily Pivots: (S1) 0.6479; (P) 0.6509; (R1) 0.6554; More… Intraday bias in AUD/USD is turned neutral again with current recovery. On the upside, break of 0.6585 resistance will resume the rebound from 0.6361. That would Read more…
Daily Pivots: (S1) 1.0664; (P) 1.0699; (R1) 1.0748; More… Intraday bias in EUR/USD is turned neutral against with current recovery. On the upside, break of 1.0752 will resume the rebound from 1.0601. Sustained trading above Read more…
Daily Pivots: (S1) 1.2481; (P) 1.2516; (R1) 1.2564; More… Range trading continues in GBP/USD and intraday bias remains neutral. On the upside, above 1.2568 will resume the rebound from 1.2298 to 55 D EMA (now Read more…
Daily Pivots: (S1) 0.9128; (P) 0.9176; (R1) 0.9207; More…. USD/CHF retreated after rising to 0.9223 and intraday bias is turned neutral first. Further rally is in favor as long as 0.9087 support holds. On the Read more…
Daily Pivots: (S1) 152.27; (P) 155.13; (R1) 157.26; More… USD/JPY’s correction from 160.20 short term top extended with another dip to 152.99, but quickly recovered again. For now, risk will be mildly on the downside Read more…
Markets sentiment in the US stabilized overnight, responding positively to Fed Chair Jerome Powell’s less hawkish-than-anticipated remarks in the post-FOMC press conference. DOW closed slightly up, while S&P 500 and NASDAQ saw mild losses only. Read more…