Markets In our evening Sunset report yesterday, we put the focus on the US 10-y note auction as US bonds, alongside almost all other (US and non-US) risk assets, teetered on the brick of a Read more…
French ECB Governing Council member François Villeroy de Galhau emphasized today that while the US has long championed the global centrality of the Dollar, recent policy moves on tariffs are beginning to erode international confidence Read more…
Against the backdrop of yesterday’s announcement of a 90-day pause on previously imposed tariffs by the Trump administration, volatility in the currency markets has sharply increased again. European currencies, such as the Swiss franc, euro, Read more…
Silver (XAGUSD) has hit a key turning point after dropping from its October 23, 2024 peak. This decline unfolded in three distinct swings, following a zigzag pattern known as an Elliott Wave structure. Starting from Read more…
The red line was the sovereign bond markets. It was the flash selloff in US Treasuries over the past few days that finally made Donald Trump take a step back from his tariff strategy. He Read more…
In focus today In the US, focus will be on the release of March CPI. The US is expected to report a slowdown in inflation, with consensus expecting headline inflation from 2.8% y/y to 2.5% Read more…
Daily Pivots: (S1) 185.88; (P) 187.41; (R1) 188.28; More… Intraday bias in GBP/JPY is turned neutral first with current recovery. Risk will stay mildly on the downside as long as 55 4H EMA (now at Read more…
Daily Pivots: (S1) 160.14; (P) 161.17; (R1) 162.87; More… No change in EUR/JPY’s outlook as range trading continues. Intraday bias remains neutral. On the upside, above 164.16 will resume the rally from 154.77 to 164.89 Read more…
Daily Pivots: (S1) 0.8492; (P) 0.8577; (R1) 0.8622; More… EUR/GBP retreated sharply after hitting 161.8% projection of 0.8239 to 0.8448 from 0.8314 at 0.8652. Intraday bias is turned neutral again first. Some consolidations would be Read more…
Daily Pivots: (S1) 1.7509; (P) 1.8033; (R1) 1.8319; More… With break of 1.7957 minor support, a short term top should be formed at 1.8554 in EUR/AUD. Intraday bias is mildly on the downside for pull Read more…