In focus today In the euro area, focus turns to the unemployment rate for January. The labour market has continued to prove very resilient with record-low unemployment at 6.3%, which is also the expectation for Read more…
Daily Pivots: (S1) 1.4387; (P) 1.4465; (R1) 1.4559; More… USD/CAD’s rise from 1.4150 continues today and intraday bias stays on the upside. Further rally should be seen to retest 1.4791 high. Strong resistance might be Read more…
Daily Pivots: (S1) 0.6200; (P) 0.6228; (R1) 0.6251; More… Intraday bias in AUD/USD remain son the downside with 0.6254 minor resistance intact. Corrective rebound from 0.6087 should have completed at 0.6407, ahead of 38.2% retracement Read more…
Daily Pivots: (S1) 1.0417; (P) 1.0461; (R1) 1.0532; More… Intraday bias in EUR/USD stays neutral, and outlook remains bearish as long as 38.2% retracement of 1.1213 to 1.0176 at 1.0572 holds. Below 1.0358 will target Read more…
Daily Pivots: (S1) 1.2614; (P) 1.2669; (R1) 1.2757; More… Intraday bias in GBP/USD is back on the upside with breach of 1.2715. Rise from 1.2099 is resuming for 1.2810 resistance. Firm break there will target Read more…
Daily Pivots: (S1) 0.8941; (P) 0.8987; (R1) 0.9013; More… Intraday bias in USD/CHF remains neutral and outlook is unchanged. On the upside, firm break of 0.9053 resistance will suggest that corrective pattern from 0.9200 has Read more…
Daily Pivots: (S1) 148.63; (P) 149.97; (R1) 150.83; More… Intraday bias in USD/JPY is turned neutral again as it quickly reversed after recovering to 151.29. Overall outlook is unchanged that the decline from 158.86 is Read more…
The latest round of US tariffs on Canada, Mexico, and China officially took effect today, marking the formal start of what many are calling “Trade War 2.0” under US President Donald Trump. Markets had been Read more…
US equities tumbled sharply on Monday, kicking off March with the biggest single-day decline in months, and the markets were rattled by the formal commencement of a US-led trade war. The selloff started in the Read more…
Australia’s retail sales turnover rose 0.3% mom to AUD 37.08B in January, matched expectations. Robert Ewing, ABS head of business statistics, said: “While the pick-up in retail spending since mid-2024 has been boosted by more Read more…