Daily Pivots: (S1) 0.9483; (P) 0.9499; (R1) 0.9520; More…. Intraday bias in EUR/CHF is turned neutral with current recovery, and some consolidations would be seen first. But outlook will stay bearish as long as 0.9683 Read more…
Daily Pivots: (S1) 157.76; (P) 157.94; (R1) 158.27; More… Intraday bias in USD/JPY is back on the upside with break of 158.25 temporary top. Choppy rise from 151.86 has resumed and is now targeting a Read more…
Daily Pivots: (S1) 1.0728; (P) 1.0741; (R1) 1.0756; More…. Intraday bias in EUR/USD remains neutral and outlook is unchanged. Further decline is expected as long as 55 4H EMA (now at 1.0756) holds. Fall from Read more…
Daily Pivots: (S1) 0.8835; (P) 0.8845; (R1) 0.8856; More…. Intraday bias in USD/CHF is turned neutral first with current recovery. Some consolidations would be seen but outlook will stay bearish as long as 0.8992 resistance Read more…
Daily Pivots: (S1) 1.2695; (P) 1.2717; (R1) 1.2742; More… GBP/USD weakens after rejection by 55 4H EMA but stays above 1.2656 temporary low. Intraday bias remains neutral first. While another recovery cannot be ruled out, Read more…
Swiss Franc is currently the worst performer today, plummeting after SNB delivered a rate cut for the second consecutive meeting. In addition to the rate reduction, SNB lowered its inflation forecast across the board. Nevertheless, Read more…
US initial jobless claims fell -5k to 238k in the week ending June 15, slightly lower than expectation of 240k. Four-week moving average of initial claims rose 5.5k to 233k. Continuing claims rose 15k to Read more…
Nvidia shares moved higher again Thursday, extending the stock’s astonishing run to a fresh record, as the clear market leader in AI-chip production continues to dominate its megacap tech rivals. Nvidia (NVDA) , which took Read more…
BoE left Bank Rate unchanged at 5.25%, as widely anticipated, with a 7-2 vote among the Monetary Policy Committee members. Swati Dhingra and Dave Ramsden again voted for a 25 bos cut to 5.00%. The Read more…
Monetary Policy Summary, June 2024 The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its Read more…