Daily Pivots: (S1) 1.2987; (P) 1.3067; (R1) 1.3168; More… Intraday bias in GBP/USD remains on the upside for 1.3206 resistance. Firm break there will resume the rally from 1.2099 to retest 1.3433 high. On the Read more…
Daily Pivots: (S1) 0.8079; (P) 0.8173; (R1) 0.8246; More… Intraday bias in USD/CHF stays on the downside at this point. Current down trend should target 200% projection of 0.9196 to 0.8757 from 0.8854 at 0.7976 Read more…
In focus this week Markets are anxiously assessing US President Trump’s next moves in the ongoing “Tariff Turmoil”. At the time of writing, most countries face a 10% duty on most exports and a 25% Read more…
Daily Pivots: (S1) 143.01; (P) 145.44; (R1) 146.86; More… Intraday bias in USD/JPY remains on the downside for the moment. Current fall from 158.86 is in progress to 139.57 support. On the upside, above 144.18 Read more…
Financial markets opened the week on a relatively steady footing in Asia, offering investors a brief respite after last week’s extreme volatility driven by US tariff chaos. Major stock indexes are trading higher, though gains Read more…
China’s exports jumped an impressive 12.4% yoy to USD 313.9B in March, significantly beating expectations of 4.4% yoy and marking a sharp acceleration from the 2.3% yoy growth recorded in January-February. Particularly notable was the Read more…
BoJ Governor Kazuo Ueda warned today that the recently imposed U.S. tariffs are likely to exert “downward pressure” on both the global and Japanese economies through “various channels.” While he did not specify the transmission Read more…
New Zealand’s services sector remained in contraction in March, with the BusinessNZ Performance of Services Index inching up slightly to 49.1 from 49.0. This marks another month below the long-run average of 53.0 highlighting the Read more…
Key Highlights EUR/USD started a fresh increase above the 1.1200 resistance. It broke a key contracting triangle with resistance at 1.1035 on the 4-hour chart. GBP/USD is again rising and might aim for gains above Read more…
Minneapolis Fed President Neel Kashkari acknowledged over the weekend that global investors are grappling with deep uncertainty surrounding the direction of US trade and fiscal policy. Speaking on CBS’s Face the Nation, Kashkari said the Read more…