The yen was last this weak against the US dollar in late April, leading to currency interventions as the Bank of Japan deemed a rate above the psychological mark of 160 yen per USD unacceptable. Read more…
German Ifo Business Climate fell from 89.3 to 88.6 in June, below expectation of 89.7. Current Assessment index was unchanged at 88.3, below expectation of 88.4. Expectations Index fell from 90.3 to 89.0, below expectation Read more…
On Friday, at 15:30 GMT+3, the Core PCE Price Index values will be released – an economic indicator to which the Federal Reserve pays special attention when assessing inflation levels in the US. This event Read more…
Market picture Along with the rest of the cryptocurrency market, Bitcoin is pulling back further into the area of last month’s lows. The sell-off intensified with the start of the new week, pushing total capitalisation Read more…
Markets The Japanese yen grabs most attention this morning. Dollar strength pushed USD/JPY last Friday above 159.50 following stronger-than-expected June PMI’s and the pair is still flirting with the 160 mark this morning (34-yr JPY Read more…
In focus today The week kicks off in a quiet fashion in terms of data. The German Ifo business sentiment index will most likely mirror the weakness seen in last week’s PMIs. We have a Read more…
Daily Pivots: (S1) 200.96; (P) 201.56; (R1) 202.63; More… Intraday bias in GBP/JPY remains on the upside for the moment. Current up trend should target 61.8% projection of 191.34 to 200.72 from 197.18 at 202.97. Read more…
Daily Pivots: (S1) 169.79; (P) 170.36; (R1) 171.38; More… Intraday bias in EUR/JPY remains on the upside for the moment. Rise from 164.01 is resuming and should target 61.8% projection of 164.01 to 170.87 from Read more…
Daily Pivots: (S1) 0.8444; (P) 0.8455; (R1) 0.8467; More… Intraday bias in EUR/GBP remains neutral and consolidation from 0.8396 could extend further. But outlook will stay bearish as long as 0.8482 support turned resistance holds. Read more…
Daily Pivots: (S1) 1.6048; (P) 1.6081; (R1) 1.6134; More… Intraday bias in EUR/AUD stays neutral and consolidation from 1.6026 could extend. But upside should be limited by EUR/AUD’s down trend continued last week but it Read more…