Daily Pivots: (S1) 0.9390; (P) 0.9418; (R1) 0.9435; More…. Intraday bias in EUR/CHF is turned neutral first with current retreat. Rebound from 0.9218 is either a corrective move, or the third leg of the pattern Read more…
Markets US yields drifted further south on Friday in a generally technically driven trading session. Net daily changes ranged between -5 and -8.4 bps in a bull flattening move. The US 10-yr yield is testing Read more…
The week starts with mixed feelings. Market mood improved last week as US President Donald Trump eased pressure on Federal Reserve (Fed) Chair Jerome Powell, announced some progress with trading partners including Japan and India, Read more…
In focus today Today will be light on the macro front, but in Denmark, focus turns to the release of the retail trade index for March at 8:00 CET. According to our own Spending Monitor, Read more…
Daily Pivots: (S1) 1.1322; (P) 1.1358; (R1) 1.1401; More… Despite loss of downside momentum as seen in 4H MACD, EUR/USD’s correction from 1.1572 short term top could still extend lower. Nevertheless, strong support should be Read more…
Daily Pivots: (S1) 1.3268; (P) 1.3318; (R1) 1.3361; More… GBP/USD’s correction from 1.3422 short term top could still extend lower. But downside should be contained by 38.2% retracement of 1.2099 to 1.3422 at 1.2917. On Read more…
Daily Pivots: (S1) 1.3833; (P) 1.3863; (R1) 1.3883; More… Further recovery remains mildly in favor in USD/CAD despite some loss of upside momentum as seen in 4H MACD. Still, even in case of another rise, Read more…
Trading was particularly subdued today, even by the quiet standards of a typical Monday in Asia. That’s not surprising, given the near-empty economic calendar offering little to move the markets. Instead, traders are exercising understandable Read more…
Many people interested in the state of the economy are asking this question: “Is a recession really coming?” The question is valid, given the stock market’s wild ride since President Trump unveiled his tariff plan Read more…
China pledged its full confidence in achieving this year’s growth target of around 5%, vowing to implement timely and multiple support measures as the country is now in full-fledged trade war with the US. However, Read more…