Daily Pivots: (S1) 1.2922; (P) 1.2945; (R1) 1.2968; More… Intraday bias in GBP/USD remains neutral for the moment, as consolidations continue below 1.3013. On the downside, below 1.2869 will bring deeper correction. But downside should Read more…
No way to sugarcoat what happened to stocks last week. A rebound that set in on Feb. 14 and lasted eight days abruptly stopped and tipped as tariffs worries retook Wall Street. The market snapshot Read more…
Daily Pivots: (S1) 0.8794; (P) 0.8814; (R1) 0.8829; More… USD/CHF is still bounded in range trading above 0.8757 and intraday bias remains neutral. In case of stronger recovery, upside should be limited by 0.8911 support Read more…
The tariff talk remains on the headlines as the Liberation Day approaches. Risk appetite is nowhere to be found, the US dollar is weak, gold continues to extend gains into uncharted territories and oil bulls Read more…
In focus today In the euro area, focus turns to the German inflation data for March that we receive ahead of the euro area data tomorrow. Last week, inflation in France and Spain came in Read more…
Daily Pivots: (S1) 149.26; (P) 150.23; (R1) 150.79; More… USD/JPY’s break of 149.53 support suggests that corrective recovery has already completed at 151.20. That came just ahead of 151.29 cluster resistance (38.2% retracement of 158.86 Read more…
Risk aversion erupted across Asian markets today, with Japan bearing the brunt of the selloff. Nikkei plummeted by nearly than -4%, marking its worst day in months and sending the index to its lowest level Read more…
Thanks to better nutrition, hygiene, and health, Americans enjoyed a growth spurt over the past century — growing both taller and wider. Understandably, much of the media focus has been on the alarming amount of Read more…
China’s official PMI data for March offered modest optimism, with the manufacturing index rising from 50.2 to 50.5, matching expectations and marking its highest level in a year. Sub-indices for production and new orders both Read more…
New Zealand’s ANZ Business Confidence dipped slightly from 58.4 to 57.5 in March. Own Activity Outlook improved from 45.1 to 48.6. However, the data also brought a clear warning on inflationary pressures. Cost expectations surged Read more…