Daily Pivots: (S1) 1.1377; (P) 1.1462; (R1) 1.1507; More… EUR/USD’s breach of 11357 minor support suggests short term topping at 1.1572, on bearish divergence condition in 4H MACD. Intraday bias is back on the downside Read more…
Daily Pivots: (S1) 1.3298; (P) 1.3360; (R1) 1.3395; More… GBP/USD’s breach of 1.3277 minor support suggests short term topping at 1.3422, on bearish divergence condition in 4H MACD, ahead of 1.3433 high. Intraday bias is Read more…
Daily Pivots: (S1) 140.44; (P) 141.05; (R1) 142.22; More… USD/JPY’s break of 141.60 minor resistance suggests short term bottoming at 139.87, on bullish convergence condition in 4H MACD, ahead of 139.26/57 key support zone. Intraday Read more…
Daily Pivots: (S1) 0.8106; (P) 0.8149; (R1) 0.8233; More… USD/CHF’s break of 0.8196 minor resistance suggests short term bottoming at 0.8038, on bullish convergence condition in 4H MACD. Intraday bias is back on the upside Read more…
US stock staged a strong rebound overnight, erasing all of Monday’s steep losses as risk sentiment recovered on signs of potential de-escalation in US-China trade conflicts. The sharp reversal in equities was driven by multiple Read more…
Japan’s flash PMI data for April signaled a return to growth in the private sector, with Composite PMI rising from 48.9 to 51.1. The recovery was driven primarily by a rebound in the services sector, Read more…
Australia’s flash PMI data for April showed continued, albeit slower, expansion in the private sector, with Manufacturing PMI slipping from 52.1 to 51.7 and Services PMI easing from 51.6 to 51.4. The Composite PMI also Read more…
Fed Governor Adriana Kugler said in a speech that she supports holding interest rates steady as long as upside inflation risks persist, provided that economic activity and employment remain stable. Kugler noted that the current Read more…
Minneapolis Fed President Neel Kashkari said overnight that it’s “too soon” to determine the future path of US interest rates. While he acknowledged that tariffs alone may not necessarily reignite persistent inflation, he emphasized that Read more…
Key Highlights Bitcoin price started a steady increase above the $90,000 resistance. BTC cleared a key contracting triangle with resistance at $85,300 on the 4-hour chart. Ethereum price rallied over 10% and must clear the Read more…