Daily Pivots: (S1) 1.0855; (P) 1.1001; (R1) 1.1196; More… Intraday bias in EUR/USD remains on the upside at this point. Sustained trading above 61.8% projection of 1.0358 to 1.0953 from 1.0731 at 1.1099 will pave Read more…
Daily Pivots: (S1) 1.2980; (P) 1.3094; (R1) 1.3215; More… A temporary top is formed at 1.3206 with current retreat and intraday bias is turned neutral first. Downside of retreat should be contained above 1.2878 support Read more…
Daily Pivots: (S1) 144.41; (P) 146.86; (R1) 148.53; More… Intraday bias in USD/JPY remains on the downside for the moment. Current fall from 158.86 is in progress for 61.8% projection of 158.86 to 146.52 from Read more…
Markets Financial markets came crashing down yesterday in the aftermath of the Trump administration’s new trade policy. A shocking range of tariffs risks retaliatory measures and could plunge the world into an outright trade war. Read more…
Yesterday saw the worst selloff since the pandemic. Equity markets gave a strong reaction to Trump’s tariff nonsense: the S&P500 lost almost 5% erasing around $2 trillion in market capital, Nasdaq 100 tanked 6% and Read more…
In focus today In the US, the March Jobs Report finishes off an eventful week. We think nonfarm payrolls growth slowed down to just 110k (from +151k) amid federal layoffs and sharply slowing immigration. The Read more…
Daily Pivots: (S1) 0.8483; (P) 0.8658; (R1) 0.8769; More… USD/CHF’s steep decline is still in progress and there is no sign of bottoming yet. Intraday bias stays on the downside for 100% projection of 0.9196 Read more…
There’s no relief in sight for the markets as risk aversion extends into Friday’s Asian session. Japan’s Nikkei is leading the losses once again, falling over -3% and cementing a near 10% weekly drop — Read more…
Today’s US non-farm payrolls report comes as the markets are already reeling from this week’s tariff shock. With consensus expecting a 128k rise in jobs for March and the unemployment rate holding steady at 4.1%, Read more…
Key insights from the week that was. Starting in Australia, it was unsurprising to see the RBA Monetary Policy Board leave the cash rate unchanged at 4.10%. The decision statement was little changed from February Read more…