Germany’s GfK Consumer Sentiment for April ticked up slightly from -24.6 to -24.5, falling short of expectations at -22.2. According to Rolf Bürkl of the NIM, the minor improvement may reflect “lessened pessimism” following recent Read more…
Sentiment remains sour due to intensifying tariff talk. The carmakers around the world got hammered this week as the ones that produce their cars outside the US will cost 25% more if the levies go Read more…
In focus today In the US, The Fed’s preferred measure of inflation, the Personal Consumption Expenditures (PCE), will be released in February. In the afternoon, University of Michigan’s revised March consumer sentiment survey is also Read more…
Daily Pivots: (S1) 1.4267; (P) 1.4298; (R1) 1.4336; More… Intraday bias in USD/CAD is turned neutral again as it recovered ahead of 1.4238 support. On the downside, break of 1.4238 support will argue that corrective Read more…
Daily Pivots: (S1) 0.6283; (P) 0.6301; (R1) 0.6322; More… Intraday bias in AUD/USD remains neutral as consolidation from 0.6087 is still extending. On the downside, firm break of near term trend line support (now at Read more…
Daily Pivots: (S1) 1.0750; (P) 1.0786; (R1) 1.0837; More… Intraday bias in EUR/USD remains neutral for the moment. Strong support is expected from 38.2% retracement of 1.0358 to 1.0953 at 1.0726 to completion the correction Read more…
Daily Pivots: (S1) 0.8818; (P) 0.8834; (R1) 0.8855; More… No change in USD/CHF’s outlook and intraday bias remains neutral. Consolidation could extend above 0.8757. In case of stronger recovery, upside should be limited by 0.8911 Read more…
Daily Pivots: (S1) 150.35; (P) 150.75; (R1) 151.45; More… No change in USD/JPY’s outlook and intraday bias remains neutral. Strong resistance is still expected from 150.92 to complete the corrective recovery from 146.52. On the Read more…
The overall mood in the forex markets remains one of indecision, with major currencies largely range-bound. Yen is attempting a mild rebound after Tokyo’s CPI figures came in stronger than expected, with core-core inflation rising Read more…
Summary The Eurozone economy showed a degree of resilience late last year, though some notable policy developments in early 2025 have since had some significant implications for the region’s medium-term outlook. The likelihood of higher Read more…