Daily Pivots: (S1) 1.3775; (P) 1.3818; (R1) 1.3852; More… Intraday bias in USD/CAD stays neutral at this point. Consolidation from 1.3685 could extend further. But upside should be limited well below 1.4014 resistance to bring Read more…
Daily Pivots: (S1) 0.9336; (P) 0.9354; (R1) 0.9373; More…. Intraday bias in EUR/CHF remains neutral for the moment as sideway trading is still in progress. Price actions from 0.9218 are seen as either a corrective Read more…
Daily Pivots: (S1) 193.80; (P) 195.06; (R1) 195.83; More… GBP/JPY reversed after failing to break through 196.38 resistance and intraday bias is turned neutral again. Further rise is in favor as long as 191.86 support Read more…
Daily Pivots: (S1) 163.40; (P) 163.84; (R1) 164.32; More… Intraday bias in EUR/JPY is turned neutral again with current retreat. On the upside, above 164.24 will bring retest of 165.19 resistance first. Firm break there Read more…
Daily Pivots: (S1) 0.8376; (P) 0.8404; (R1) 0.8452; More… EUR/GBP’s break of 0.8400 resistance indicates short term bottoming at 0.8354, on bullish convergence condition in 4H MACD. Rebound from there is seen as a corrective Read more…
What began as early trade optimism yesterday – triggered by the US Court of International Trade deeming Trump’s tariffs illegal – turned out to be too good to be true. Things quickly got messy when Read more…
Daily Pivots: (S1) 1.7527; (P) 1.7591; (R1) 1.7709; More… EUR/AUD’s break of 1.7628 resistance argues that fall from 1.8554 might have completed as a correction at 1.7245. Intraday bias is back on the upside for Read more…
Asian markets returned to a risk-off tone today, with investor sentiment once again weighed down by the lack of clarity on the US tariff front and the apparent stalling of key trade negotiations. The week’s Read more…
Key insights from the week that was. In Australia, the April Monthly CPI Indicator rose 0.8% in the month, leaving annual headline inflation steady at 2.4% – around the mid-point of the RBA’s target band. Read more…
RBNZ Assistant Governor Karen Silk said that interest rates are currently within the estimated neutral band of 2.5% to 3.5%. She noted that the full impact of previous easing has yet to filter through the Read more…