Daily Pivots: (S1) 1.2878; (P) 1.2926; (R1) 1.2965; More… Intraday bias in GBP/USD stays mildly on the downside for the moment. Correction from 1.3013 would extend to 38.2% retracement of 1.2248 to 1.3013 at 1.2721. Read more…
Daily Pivots: (S1) 0.8805; (P) 0.8823; (R1) 0.8849; More… Intraday bias in USD/CHF remains neutral as consolidations continue above 0.8757. In case of stronger recovery, upside should be limited by 0.8911 support turned resistance. On Read more…
Daily Pivots: (S1) 148.71; (P) 149.19; (R1) 149.79; More… USD/JPY rises slightly today but overall outlook is unchanged. Intraday bias stays neutral first. Recovery from 146.52 is seen as a corrective move. In case of Read more…
Yen weakened broadly in a relatively quiet Asian session, dragged down by disappointing PMI data. The worrying sign is that both manufacturing and services sectors are now in contraction, pointing to growing signs of weakness Read more…
“Shark Tank” fans are bracing for change — season 16 marks veteran shark Mark Cuban’s last with the show as well as Daniel Lubetzky’s first season as a permanent panelist. One thing that isn’t changing, Read more…
BoJ Governor Kazuo Ueda told parliament today that the central bank remains committed to raise interest rate if underlying inflation is deemed to be approaching its 2% target. He emphasized that BoJ’s objectives remain squarely Read more…
Key Highlights EUR/USD started a downside correction from the 1.0950 resistance zone. It traded below a key bullish trend line with support at 1.0880 on the 4-hour chart. GBP/USD started a minor downside correction from Read more…
Japan’s private sector saw a sharp loss in momentum at the end of Q1, with PMI Composite falling from 52.0 to 48.5, marking the first contraction in five months. PMI Manufacturing dropped from 49.0 to Read more…
Australia’s PMI Manufacturing surged to 52.6 from 50.4—marking a 29-month high—while PMI Services ticked up to 51.2 from 50.8. PMI Composite , which combines both sectors, rose to a 7-month high at 51.3. Jingyi Pan Read more…
Well, folks, it’s been yet another fascinating week for the tech industry. A lot is happening, so we have plenty of things to discuss. We could discuss the fact that the Nvidia (NVDA) GTC (Global Read more…