Markets It’s telling that core bonds do not gain when markets are in risk-off. German bunds underperformed US Treasuries yesterday with a political risk premium boosting yields between 0.2 (2-yr) and 6.8 bps (30-yr) higher. Read more…
Daily Pivots: (S1) 1.0739; (P) 1.0760; (R1) 1.0787; More…. Intraday bias in EUR/USD remains neutral for the moment. Fall from 1.0915 is seen as another falling leg of the corrective pattern from 1.1274. Further decline Read more…
Daily Pivots: (S1) 1.2700; (P) 1.2719; (R1) 1.2749; More… Range trading continues in GBP/USD and intraday bias stays neutral. . Considering bearish divergence condition in 4H MACD, firm break of 1.2680 support will turn bias Read more…
Daily Pivots: (S1) 0.8952; (P) 0.8969; (R1) 0.8982; More…. Intraday bias in USD/CHF remains neutral for the moment. On the upside, firm break of 0.8987 support turned resistance will argue that correction from 0.9223 has Read more…
Daily Pivots: (S1) 155.57; (P) 156.33; (R1) 157.52; More… No change in USD/JPY’s outlook and intraday bias stays neutral. On the upside, break of 157.70 will resume the whole rise from 151.86 and target 160.20 Read more…
Daily Pivots: (S1) 1.3747; (P) 1.3764; (R1) 1.3775; More… Intraday bias in USD/CAD remains mildly on the upside at this point. Correction from 1.3845 might have completed at 1.3589 already. Further rise would be seen Read more…
Unimpressive was to investors what Apple revealed about its AI plans at its Worldwide Developer conference yesterday. The company gave details regarding its partnership with Sam Altman’s OpenAI, they said that they will integrate ChatGPT Read more…
In focus today In the US, NFIB’s small business optimism index is due for release for May. General sentiment has remained weak over the past few months, and also firms’ price plans took a turn Read more…
UK payrolled employment fell slightly by -3k in May, following -85k monthly decline in April. Annual growth rate of payrolled employment slowed further from 0.7% yoy to 0.6% yoy. Annual growth in median pay was Read more…
Daily Pivots: (S1) 0.6588; (P) 0.6599; (R1) 0.6623; More… Intraday bias in AUD/USD remains neutral at this point. On the upside, firm break of 0.6713 will resume whole rise from 0.6361 to 0.6870 resistance next. Read more…