Daily Pivots: (S1) 149.02; (P) 149.65; (R1) 150.59; More… Intraday bias in USD/JPY is turned neutral with current recovery. Outlook is unchanged that corrective rise from 146.52 has completed at 151.20. Risk will stay on Read more…
Daily Pivots: (S1) 0.6210; (P) 0.6256; (R1) 0.6292; More… Intraday bias in AUD/USD remains mildly on the downside for 0.6186 support. Firm break there will indicate that corrective pattern from 0.6087 has completed and larger Read more…
Daily Pivots: (S1) 1.4327; (P) 1.4361; (R1) 1.4424; More… Intraday bias in in USD/CAD remains neutral at this point. Overall, corrective pattern from 1.4791 is still extending. On the upside, break of 1.4400 will argue Read more…
The global equity selloff appears to have passed its peak—at least for now. After days of heavy risk-off moves driven by fears surrounding the upcoming US reciprocal tariffs announcement on Wednesday, traders have taken a Read more…
RBA kept the cash rate target unchanged at 4.10% today, in line with broad market expectations. While the central bank welcomed the continued decline in underlying inflation, it emphasized a “cautious” stance due “risks on Read more…
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.10 per cent and the interest rate paid on Exchange Settlement balances at 4 per cent. Underlying inflation is moderating. Inflation has fallen substantially Read more…
China’s Caixin PMI Manufacturing rose to 51.2 in March, up from 50.8 and marking a four-month high. According to Wang Zhe of Caixin Insight Group, the upbeat print points to a steady start to the Read more…
Japan’s manufacturing sector contracted further in March, with final PMI reading falling to 48.4 from February’s 49.0, marking the lowest level in a year. According to S&P Global, both output and new orders declined more Read more…
Japan’s Q1 Tankan survey revealed a mixed outlook for the economy, with sentiment among large manufacturers slipping for the first time in a year. The index fell from 14 to 12, in line with expectations, Read more…
Richmond Fed President Thomas Barkin highlighted growing concerns over the economic impact of the Trump administration’s upcoming tariffs. He told CNBC that the tariffs could both stoke inflation and weigh on the labor market. “Call Read more…