Investors panicked after NFP report But incoming data eased fears and rate cut bets Still, market pricing remains overly dovish Focus turns to US CPI on Wednesday and retail sales on Thursday, at 12:30 GMT Read more…
Daily Pivots: (S1) 1.0906; (P) 1.0919; (R1) 1.0929; More….. Outlook in EUR/USD is unchanged and intraday bias stays neutral. While deeper retreat cannot be ruled out, downside should be contained well above 1.0776 support. On Read more…
Daily Pivots: (S1) 1.2731; (P) 1.2753; (R1) 1.2779; More… Range trading continues in GBP/USD and intraday bias stays neutral. Another fall is in favor as long as 1.2839 resistance holds. Below 1.2664 will target 1.2612 Read more…
Daily Pivots: (S1) 0.8632; (P) 0.8652; (R1) 0.8673; More… USD/CHF’s recovery from 0.8431 extends higher today but stays below 38.2% retracement of 0.9223 to 0.8431 at 0.8734. Intraday bias remains neutral and further decline is Read more…
Daily Pivots: (S1) 145.96; (P) 146.89; (R1) 147.49; More… USD/JPY’s rebound from 141.67 extends higher today but stays below 38.2% retracement of 161.94 to 141.67 at 149.41. Intraday bias stays neutral and outlook remains bearish. Read more…
Yen and Swiss Franc weaken slightly in today’s subdued trading environment. With the economic calendar offering little in terms of market-moving events during the European and US sessions, currency movements have been minimal. Meanwhile, Australian Read more…
OPEC downgraded its global oil demand forecast for 2024, now expecting an increase of 2.11 million barrels per day (bpd), slightly lower than the 2.25 million bpd projected last month. The organization also adjusted its Read more…
RBNZ could keep interest rates steady but signal easing sooner rather than later Economic picture shows signs of stress but no red flags yet NZDUSD approaches 0.6060-0.6080 resistance territory NZ employment data sway rate cut bets Q2 employment Read more…
At the peak of the holiday travel season in December 2022, a once-in-a-generation blizzard crossed the Rocky Mountains before stalling over the Great Plains, sending strong winds, freezing chills, near-zero visibility, and heavy, wet snow Read more…
Walmart shares edged higher in early Monday trading following a key trading call from a Wall Street analyst ahead of the retail giant’s second quarter earnings later in the week. Walmart (WMT) , which boasts Read more…