Daily Pivots: (S1) 0.9334; (P) 0.9361; (R1) 0.9375; More…. No change in EUR/CHF’s outlook as range trading continues. Intraday bias stays neutral at this point. Price actions from 0.9218 are seen as either a corrective Read more…
The short-term Elliott Wave analysis for EURUSD indicates that the correction from the April 21, 2025, high has concluded with wave (4) at 1.1059. From the wave (3) peak, the decline unfolded as follows: wave Read more…
EUR/USD started a decent upward move above the 1.1225 resistance. USD/JPY declined below 144.50 and is currently consolidating losses. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro found support and started a recovery Read more…
Markets Core bond yields finished higher yesterday. US rates added up to 6.7 bps and Germany up to 5 bps at the very long end of the curve (30-yr). That happened in a session stripped Read more…
UK inflation came in hotter than expected in April, with headline CPI rising 1.2% mom versus expectation f 1.1% mom. Annual CPI accelerated from 2.6% yoy to 3.5% yoy, above the 3% mark for the Read more…
US equities retreated yesterday—ending a six-day rally—and the US dollar weakened as the selloff in long-term US Treasuries continued. The move came amid fraught budget negotiations in Washington over deficit spending and a proposed giant Read more…
In focus today This morning, Danske Research hosts a webinar on the US-China outlook following last week’s trade deal. The UK CPI inflation data for April is set to be a significant release, particularly for Read more…
Daily Pivots: (S1) 1.3894; (P) 1.3931; (R1) 1.3954; More… USD/CAD’s break of 1.3898 support suggests that rebound from 1.3749 has completed as a correction at 1.4014. Intraday bias is back on the downside for retesting Read more…
Daily Pivots: (S1) 0.6391; (P) 0.6426; (R1) 0.6459; More… Range trading continues in AUD/USD and intraday bias remains neutral. Further rise is in favor with 0.6356 support intact. One the upside, break of 0.6511 will Read more…
Daily Pivots: (S1) 1.1239; (P) 1.1263; (R1) 1.1307; More… EUR/USD’s break of 1.1292 resistance suggest that correction from 1.1572 has completed at 1.1064 already. Intraday bias is back on the upside for retesting 1.1572 high Read more…