Yesterday was a slow Monday. The US and the UK markets were closed, the news flow was light and the trading volumes were thin. The barrel of US crude trades a touch below its 100-DMA. Read more…
Daily Pivots: (S1) 1.0844; (P) 1.0856; (R1) 1.0871; More… Intraday bias in EUR/USD remains neutral as consolidation from 1.0894 could extend further. On the upside, break of 1.0894 will resume the rally from 1.0601 to Read more…
Daily Pivots: (S1) 1.2744; (P) 1.2761; (R1) 1.2788; More… GBP/USD’s rally from 1.2298 resumed after brief retreat and intraday bias is back on the upside. Further rally should be seen to 1.2892 resistance next. On Read more…
Daily Pivots: (S1) 0.9128; (P) 0.9141; (R1) 0.9151; More…. Intraday bias in USD/CHF stays neutral at this point. Current development suggests that pull back from 0.9223 has completed already. Above 0.9157 will bring retest of Read more…
Daily Pivots: (S1) 0.6631; (P) 0.6645; (R1) 0.6669; More… AUD/USD’s recovery from 0.6591 extends higher today, but stays below 0.6713 resistance. Intraday bias remains neutral first. Further rally is in favor with 0.6578 cluster support Read more…
Australian Dollar strengthened broadly in Asian session today, shrugging off lackluster retail sales data. Instead, Aussie is responding positively to Shanghai’s announcement of significant policy measures aimed at boosting the housing market. Yesterday, China’s commercial Read more…
Short Term Elliott Wave in Nasdaq Futures (NQ) suggests the rally from 4.19.2024 low is in progress as an impulse. Up from 4.19.2024 low, wave ((i)) ended at 17949 and dips in wave ((ii)) ended Read more…
Australia’s retail sales rose by 0.1% mom to AUD 35.7B in April, falling short of the expected 0.3% mom increase. This modest rise followed a -0.4% mom decline in March, indicating continued weakness in consumer Read more…
Japan’s Corporate Service Price Index saw a notable increase of 2.8% yoy in April, surpassing the expected 2.3% yoy and accelerating from 2.4% yoy in the previous month. This marks the fastest annual rise since Read more…
ECB June rate move looks like a done deal May inflation could open the door to a July rate cut Euro could benefit from a stronger CPI print German CPI on Wednesday, eurozone report on Read more…