GBPUSD increases odds of bullish continuation. A break above 1.3440 could hand over control to the bulls. GBPUSD has broken above a bearish channel, as Moody’s credit downgrade of the US economy and improving EU-UK Read more…
RBA cuts cash rate by 25bps as expected, policy still restrictive. Inflation now comfortably in the 2–3% target range with balanced risks. As we expected and the market was pricing, the RBA cut the cash Read more…
Gold (XAU/USD) has staged an impressive positive performance of 19% in the first quarter of 2025, which even outperformed other cross asset classes, such as the US S&P 500 (-4.6%), US Dollar Index (-4%), and Read more…
Following RBA’s decision to cut the cash rate by 25bps to 3.85%, Governor Michele Bullock revealed in the post-meeting press conference that the Board briefly considered holding rates but quickly moved to debate between 25 Read more…
Markets The 30-yr bond yield at some point yesterday surged more than 13 bps, including last Friday’s late-session move, to 5.03%. Trump’s Big Beautiful but costly Bill getting shaped in the House only proved Moody’s Read more…
The People’s Bank of China (PBoC) and the Reserve Bank of Australia (RBA) lowered their interest rates today, hoping to tame and counter the negative impact of the global trade war on their economies and Read more…
In focus today In the euro area, we will receive consumer confidence data for May, which will show how consumers have reacted to the improvements in trade talks between the US and China and following Read more…
Daily Pivots: (S1) 192.86; (P) 193.47; (R1) 194.16; More… Intraday bias in GBP/JPY stays neutral and more more consolidations could be seen below 196.38. Further rise is in favor as long as 190.22 support holds. Read more…
Daily Pivots: (S1) 162.17; (P) 162.78; (R1) 163.42; More… Range trading continues in EUR/JPY and intraday bias remains neutral. Further rally is in favor as long as 161.57 support holds. Break of 165.19 will resume Read more…
Daily Pivots: (S1) 0.8402; (P) 0.8415; (R1) 0.8426; More… Despite some loss of momentum, further fall is still in favor in EUR/GBP with 0.8439 minor resistance holds. Current decline from 0.8737 should target 0.8221/8239 support Read more…