Eurozone CPI was finalized at 2.6% yoy in May, up from April’s 2.4% yoy. CPI core (ex energy, food, alcohol & tobacco) was finalized at 2.9% yoy, up from prior month’s 2.7% yoy. The highest Read more…
German ZEW Economic Sentiment ticked up from 47.1 to 47.5 in June, below expectation of 50.0. Current Situation Index fell from -72.3 to -73.8, below expectation of -69.0. Eurozone ZEW Economic Sentiment rose from 47.0 Read more…
GBPUSD declines to its lowest level since May 17 Momentum indicators ease but remain in positive zones GBPUSD was in a steady recovery following its bounce off the 2024 bottom of 1.2298, with the price violating both Read more…
The RBA left the cash rate on hold at 4.35%, but their rhetoric suggests the Board is more alert to upside inflation risks. Indeed, the RBA Board appears less certain that inflation is moderating as Read more…
On 30 May, we noted some uncertainty in the price behaviour of the Nasdaq 100 (US Tech 100 mini on FXOpen) near the resistance level of 18,840, as shown by arrow #1. Following this, the Read more…
A week rich in macroeconomic data contributed to the decline of the euro, yen, and pound. Notably, the following events were significant: Inflation falling for the second consecutive month (0.2% against the expected 0.3%); The Read more…
Daily Pivots: (S1) 199.46; (P) 199.96; (R1) 200.86; More… Intraday bias in GBP/JPY stays neutral for consolidations below 201.59. Further rally is expected as long as 197.18 support holds. However, considering bearish divergence condition in Read more…
Daily Pivots: (S1) 168.38; (P) 168.86; (R1) 169.76; More… Intraday bias in EUR/JPY is turned neutral with current strong rebound. On the upside break of 170.12 resistance will argue that pull back from 170.87 has Read more…
Daily Pivots: (S1) 0.8435; (P) 0.8448; (R1) 0.8463; More… EUR/GBP is staying in consolidation above 0.8396 and intraday bias stays neutral. Outlook But outlook will remain bearish as long as 0.8482 support turned resistance holds. Read more…
Daily Pivots: (S1) 1.6173; (P) 1.6218; (R1) 1.6278; More… Intraday bias in EUR/AUD remains neutral for consolidations above 1.6148 temporary low. Outlook will stay bearish as long as 1.6418 resistance holds. Firm break of 61.8% Read more…