US equities saw a precious support from the Federal Reserve (Fed) last week, as policymakers decided to downplay the impact of tariffs on inflation by saying that it would be ‘transitory’ and slowed the pace Read more…
In focus today In the euro area, we receive the flash PMI data for March, which will be crucial for the ECB’s rate decision in April. We anticipate the composite PMI to rise from 50.2 Read more…
Daily Pivots: (S1) 192.05; (P) 192.82; (R1) 193.62; More… Intraday bias in GBP/JPY remains neutral for consolidations below 194.89. On the upside, above 194.89 will resume the rebound from 187.04 towards 198.94 resistance. On the Read more…
Daily Pivots: (S1) 160.77; (P) 161.45; (R1) 162.16; More… Intraday bias in EUR/JPY remains neutral for consolidations below 164.16. Further rally remains in favor as long as 160.02 support holds. Above 164.16 will target 164.89 Read more…
Daily Pivots: (S1) 0.8364; (P) 0.8374; (R1) 0.8384; More… Intraday bias in EUR/GBP remains neutral as more consolidations could be seen below 0.8448. On the upside. break of 0.8488 will resume the rise from 0.8239 Read more…
Daily Pivots: (S1) 1.7202; (P) 1.7237; (R1) 1.7278; More… Intraday bias in EUR/AUD remains neutral for the moment as consolidations continue below 1.7417. Downside of retreat should be contained by 0.6990 support to bring rebound. Read more…
Daily Pivots: (S1) 0.9532; (P) 0.9560; (R1) 0.9580; More…. EUR/CHF is extending the consolidation from 0.9660 and intraday bias stays neutral. After all, further rally is expected as long as 0.9489 support holds. Break of Read more…
Daily Pivots: (S1) 1.4322; (P) 1.4348; (R1) 1.4381; More… Intraday bias in USD/CAD remains neutral for the moment as range trading continues. Overall, price actions from 1.4791 are seen as a corrective pattern. On the Read more…
Daily Pivots: (S1) 0.6252; (P) 0.6279; (R1) 0.6300; More… Intraday bias in AUD/USD stays neutral for the moment. On the downside, firm break of near term trend line support (now at 0.6250) will argue that Read more…
Daily Pivots: (S1) 1.0787; (P) 1.0824; (R1) 1.0852; More… Intraday bias in EUR/USD remains mildly on the downside for the moment. Correction from 1.0953 short term top would extend to 38.2% retracement of 1.0358 to Read more…