BoJ board member Toyoaki Nakamura, known for his dovish stance, warned that Japan’s economy is under “mounting downward pressure” and cautioned against “rushing” to interest rate hikes. Speaking today, Nakamura highlighted the risks of tightening Read more…
Daily Pivots: (S1) 193.17; (P) 194.08; (R1) 194.73; More… Intraday bias in GBP/JPY remains neutral and more consolidations could be seen below 196.38. Another rally is in favor as long as 190.22 support holds. Firm Read more…
Daily Pivots: (S1) 162.32; (P) 163.35; (R1) 163.94; More… Intraday bias in EUR/JPY remains neutral and some consolidations could be seen below 165.19. Further rally is in favor as long as 161.57 support holds. Above Read more…
Daily Pivots: (S1) 0.8392; (P) 0.8417; (R1) 0.8430; More… Intraday bias in EUR/GBP remains neutral and more consolidations could be seen above 1.8401. Another fall is expected as long as 0.8539 resistance holds. As noted Read more…
Daily Pivots: (S1) 1.7367; (P) 1.7431; (R1) 1.7521; More… Intraday bias in EUR/AUD remains neutral at this point. Further fall is in favor as long as 1.7628 resistance holds. Below 1.7245 will target 61.8% retracement Read more…
Daily Pivots: (S1) 0.9382; (P) 0.9402; (R1) 0.9430; More…. Intraday bias in EUR/CHF remains neutral as range trading continues. Rebound from 0.9218 is either as a corrective move or the third leg of the pattern Read more…
Markets The new leg in the ‘reflation rebound’ as triggered by a promising outcome in US-Sino trade talks last weekend ran into resistance. US yields yesterday were closing in on some kind of a technical Read more…
Market sentiment remained tilted toward the upside across the US and European markets yesterday. In Europe, UK growth and eurozone industrial production surprised to the upside, boosting bulls who see the European economies benefiting from Read more…
In focus today In the US, we await the preliminary May consumer sentiment survey from University of Michigan, which will provide markets with the latest sense of how consumers are feeling after the tariffs took Read more…
Daily Pivots: (S1) 1.3942; (P) 1.3973; (R1) 1.3991; More… Intraday bias in USD/CAD stays neutral a this point. Further rise is in favor with 1.3898 minor support intact. Above 1.4014 will resume the rebound from Read more…