Daily Pivots: (S1) 156.78; (P) 156.99; (R1) 157.40; More… Intraday bias in USD/JPY is back on the upside with breach of 157.18 temporary top. Rise from 151.86, as the second leg of the corrective pattern Read more…
Daily Pivots: (S1) 1.3623; (P) 1.3638; (R1) 1.3662; More… Intraday bias in USD/CAD is turned neutral again with current recovery. On the downside, firm break of 1.3589 support will argue that whole rise from 1.3176 Read more…
In focus today Today, focus is on German inflation data for May which will give an important clue as to what the euro area print on Friday will show. We expect a large increase in Read more…
Germany’s GfK Consumer Sentiment index for June improved significantly, rising from -24.0 to -20.9 and surpassing expectations of -22.5. This marks the fourth consecutive month of improved sentiment. In May, economic expectations jumped from 0.7 Read more…
The first day back after the long weekend brought traders back down to earth. A weak sale of US 2 and 5-year notes, and Federal Reserve’s (Fed) Neel Kashkari’s comments that the Fed cannot rule Read more…
Daily Pivots: (S1) 0.6635; (P) 0.6657; (R1) 0.6672; More… Intraday bias in AUD/USD remains neutral as range trading continues below 0.6713. Further rally is in favor with 0.6578 cluster support (38.2% retracement of 0.6361 to Read more…
Australian Dollar is having a modest bounce today after stronger-than-anticipated inflation figures. The data also revealed re-acceleration of inflation for the second consecutive month, with core inflation measures also rising. While most economists still view Read more…
Short Term Elliott Wave in GBPUSD suggests rally from 4.22.2024 low unfolded as a 5 waves impulse Elliott Wave structure. Up from 4.22.2024 low, wave ((i)) ended at 1.2635 and pullback in wave ((ii)) ended Read more…
Stronger clothing prices, and a surprise inclusion of health insurance premium increases, offset the suppression of power bills by Tasmanian electricity rebates. The Monthly CPI Indicator gained 3.6% in the year to April compared to Read more…
The 2024 housing market may seem daunting, but don’t let that deter your dreams of homeownership. Celebrity real estate agent and former Million Dollar Listing star Ryan Serhant joined TheStreet to share some of his best Read more…