Markets “Overall borrowing between 2024-25 and 2028-29 is higher than the March forecast by £142.2 billion, an average of £28.4 billion a year. This represents one of the largest fiscal loosenings of any fiscal event Read more…
European and US markets nosedived yesterday on the back of ‘good news is bad news’ and the futures hint at a bearish start to Thursday’s session. First, Spain, France and Germany revealed better-than-expected growth numbers Read more…
Daily Pivots: (S1) 0.6541; (P) 0.6568; (R1) 0.6600; More… A temporary low was formed at 0.6536 with current recovery and intraday bias is turned neutral first. Further decline is expected as long as 55 D Read more…
Daily Pivots: (S1) 1.3886; (P) 1.3913; (R1) 1.3932; More… No change in USD/CAD’s outlook and intraday bias stays on the upside for retesting 1.3946/76 resistance zone. Decisive break there will confirm larger up trend resumption. Read more…
Daily Pivots: (S1) 0.8328; (P) 0.8353; (R1) 0.8400; More… While EUR/GBP rebounded strongly, upside is still held below 0.8433 resistance. Intraday bias stays neutral and outlook remains bearish for now. On the downside, break of Read more…
Daily Pivots: (S1) 1.6459; (P) 1.6501; (R1) 1.6561; More… Intraday bias in EUR/AUD is turned neutral first with current retreat, and some consolidations would be seen. Further rally is expected as long as 1.6351 resistance Read more…
Daily Pivots: (S1) 0.9380; (P) 0.9399; (R1) 0.9426; More…. Intraday bias in EUR/CHF remains neutral as range trading continues. On the downside, break of 0.9332 will resume the fall from 0.9579 towards 0.9209 low. On Read more…
Daily Pivots: (S1) 165.84; (P) 166.22; (R1) 166.93; More…. A temporary top was formed at 166.67 in EUR/JPY with current retreat. Intraday bias is turned neutral for consolidations first. Further rally is in favor as Read more…
Daily Pivots: (S1) 198.10; (P) 198.96; (R1) 199.70; More… A temporary top is formed at 199.79 in GBP/JPY with current retreat. Intraday bias is turned neutral for consolidations first. Further rally would remain in favor Read more…
Yen recovers broadly today after BoJ left interest rates unchanged, and largely maintained the economic projections unchanged too. The direction of monetary policy remains clear as the next move is a hike if the outlook Read more…