Daily Pivots: (S1) 0.8408; (P) 0.8425; (R1) 0.8452; More… Intraday bias in EUR/GBP remains neutral and some more consolidations could be seen above 0.8396 temporary low. But outlook will remain bearish as long as 0.8482 Read more…
In focus today It will be a quiet start to the week on the data front. From Sweden, we get the Riksbank’s Business Survey. Overnight, the Reserve Bank of Australia (RBA) is widely expected to Read more…
Last week was brilliant for the major US indices but gloomy elsewhere. The S&P500 was slightly down on Friday, but the index posted its best weekly advance in a month on the back of a Read more…
Daily Pivots: (S1) 1.6143; (P) 1.6181; (R1) 1.6212; More… Intraday bias in EUR/AUD is turned neutral first with current recovery. Some consolidations could be seen above 1.6148. But outlook will stay bearish as long as Read more…
The forex markets are pretty steady in Asian session today, with Euro stabilizing from its previous sharp sell-off. Meanwhile, Dollar and Yen are posting modest gains. In contrast, commodity currencies showed less resilience, and Swiss Read more…
Key Highlights EUR/USD seems to be finding bids near the 1.0675 level. A connecting bearish trend line is forming with resistance at 1.0760 on the 4-hour chart. GBP/USD trimmed gains and tested the 1.2660 support Read more…
China’s industrial production increased by 5.6% yoy in May, falling short of the expected 6.0% yoy and slowing from April’s 6.7% yoy. Despite this overall slowdown, the equipment and high-tech manufacturing sectors showed robust growth, Read more…
New Zealand’s BusinessNZ Performance of Services Index dropped significantly from 46.6 to 43.0 in May, marking the lowest level of activity for a non-COVID lockdown month since the survey’s inception in 2007. BusinessNZ Chief Executive Read more…
Minneapolis Fed President Neel Kashkari indicated in a CBS interview over the weekend that any interest rate cut is likely be towards the end of the year. Kashkari emphasized the necessity of gathering “more evidence” Read more…
EURCHF broke key support level 0.9565 Likely to fall to support level 0.9450 EURCHF recently broke below the key support level 0.9565, which stopped wave B in April, as can be seen from the daily Read more…