Daily Pivots: (S1) 1.1337; (P) 1.1367; (R1) 1.1420; More… No change in EUR/USD’s outlook and intraday bias stays mildly on the downside. Pullback from 1.1572 short term top could extend lower. But downside should be Read more…
Daily Pivots: (S1) 1.3277; (P) 1.3313; (R1) 1.3375; More… Intraday bias in GBP/USD remains mildly on the downside at this point. Pullback from 1.3422 short term top would continue lower. But downside should be contained Read more…
Daily Pivots: (S1) 142.12; (P) 142.78; (R1) 143.29; More… Intraday bias in USD/JPY remains mildly on the upside. Rebound from 139.87 short term bottom could extend higher. But overall risk will stay on the downside Read more…
Daily Pivots: (S1) 0.8237; (P) 0.8273; (R1) 0.8306; More…. Intraday bias in USD/CHF remains mildly on the upside for the moment. Corrective recovery from 0.8038 short term bottom could extend to 38.2% retracement of 0.9200 Read more…
Daily Pivots: (S1) 0.6364; (P) 0.6389; (R1) 0.6433; More… AUD/USD is staying in consolidations below 0.6438 and intraday bias stays neutral. Further rally is expected as long as 55 D EMA (now at 0.6302) holds. Read more…
UK retail sales surprised to the upside in March, rising by 0.4% mom, defying market expectations for a -0.3% mom decline. The unexpected strength was attributed largely to favorable weather conditions, which lifted sales at Read more…
Yesterday allowed global risk investors to take a deeper breath. Dovish comments from Federal Reserve (Fed) members, and de-escalation of trade tensions between the US and China allowed a further recovery in global equities. Optimism Read more…
In focus today The week concludes with a light macro schedule, where we keep an eye on the University of Michigan’s revised April consumer sentiment survey. The preliminary data showed yet another worrying uptick in Read more…
Daily Pivots: (S1) 1.3830; (P) 1.3864; (R1) 1.3889; More… Intraday bias in USD/CAD stays mildly on the upside at this point. Recovery from 1.3780 short term bottom could extend higher. However, upside should be limited Read more…
There’s a cautious tone of optimism in Asian markets today, though gains are largely concentrated in Japan, South Korea, and Hong Kong. This moderate rally is being supported by a handful of headlines suggesting incremental Read more…