On 19 March, we reported that gold had surpassed $3,000 per ounce for the first time in history and suggested this psychological level could be tested. As shown on the XAU/USD chart, the price briefly Read more…
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Switzerland’s KOF Economic Barometer rose to 103.9 in March, beating expectations of 102.6 and up from revised 102.6 in February. The index has remained above its medium-term average since the start of the year, reinforcing Read more…
Daily Pivots: (S1) 194.07; (P) 195.03; (R1) 196.54; More… GBP/JPY’s rebound from 187.04 resumed by breaking through 194.97 temporary top. Intraday bias is back on the upside for 198.94 resistance. For now, further rally is Read more…
Daily Pivots: (S1) 161.90; (P) 162.64; (R1) 163.89; More… Range trading continues in EUR/JPY below 164.16 and intraday bias stays neutral. Further rally remains in favor as long as 160.02 support holds. Above 164.16 will Read more…
Daily Pivots: (S1) 0.8327; (P) 0.8339; (R1) 0.8353; More… Intraday bias in EUR/GBP remains mildly on the downside at this point. Rise from 0.8239 might have completed at 0.8448 already. Deeper fall would be seen Read more…
Daily Pivots: (S1) 1.7027; (P) 1.7097; (R1) 1.7144; More… Intraday bias in EUR/AUD is turned neutral with current rebound. Overall outlook is unchanged that strong support should be seen from 1.6990 to complete the correction Read more…
Daily Pivots: (S1) 0.9496; (P) 0.9519; (R1) 0.9548; More…. Intraday bias in EUR/CHF remains neutral at this point. Strong support is expected from 0.9489 to complete the correction from 0.9660. On the upside, above 0.9581 Read more…
Markets The US Congressional Budget Office yesterday published its projections for the US federal budget deficit and debt for the period 2025-2055. Both are expected to rise substantially further under the assumption that current laws Read more…
UK retail sales volumes jumped 1.0% mom in February, far surpassing market expectations for -0.3% mom decline. The gain was driven by strong performances across all non-food store categories, including department stores, clothing, and household Read more…