Daily Pivots: (S1) 0.6650; (P) 0.6672; (R1) 0.6712; More…. Range trading continues in AUD/USD and intraday bias remains neutral for the moment. Further rally is in favor with 0.6578 cluster support (38.2% retracement of 0.6361 Read more…
Daily Pivots: (S1) 155.53; (P) 156.50; (R1) 157.06; More…. USD/JPY’s break of 156.36 minor support argues that rebound from 151.86 has possibly completed with three waves up to 157.70. Corrective pattern from 160.20 might have Read more…
Daily Pivots: (S1) 0.8926 (P) 0.8983; (R1) 0.9016; More…. USD/CHF’s fall from 0.9223 resumed by breaking through 0.8987 support and intraday bias stays on the downside. Next target is 100% projection of 0.9223 to 0.8987 Read more…
Daily Pivots: (S1) 1.2732; (P) 1.2770; (R1) 1.2847; More….. GBP/USD’s rally from 1.2298 resumed by breaking through 1.2799 resistance. Intraday bias is back on the upside. Next target is 1.2892 resistance. For now, break of Read more…
Markets Groundhog day on US interest rate markets. At the end of April, US money markets were positioned for a first Fed rate cut at the December. It made them vulnerable to soft patches in Read more…
GameStop rallied nearly 90% after Keith Gill, aka Roaring Kitty on Twitter, posted a screenshot on Reddit showing a big stake in option positions (about 120’000 call options that would give him the right to Read more…
In focus today This morning, we published our latest edition of Nordic Outlook in which we take a closer look at the major economies. We see that growth and inflation have been stronger than expected, Read more…
Daily Pivots: (S1) 1.0854; (P) 1.0879; (R1) 1.0931; More…. EUR/USD’s rally from 1.0601 resumed by break through 1.0894 resistance. Intraday bias is back on the upside for t .8% projection of 1.0601 to 1.0894 from Read more…
Dollar weakened broadly overnight, particularly against European majors, following disappointing US manufacturing data that also pressured benchmark Treasury yields lower. This data not only pushed benchmark Treasury yields lower but also triggered the greenback’s downturn. Read more…
BoJ Governor Kazuo Ueda addressed the parliament today, indicating that the central bank is prepared to adjust its level of monetary support if underlying inflation accelerates as forecasted. Ueda added, “If our economic and price Read more…