Month: May 2025

In focus today In the US, a range of data is due for release in the afternoon. April retail sales will provide the first hard data evidence on how consumer behaviour has reacted to higher Read more…

Markets There were very few eco data to guide global trading yesterday. (US) equities took a breather. Details on US trade agreements with the likes China and the UK still have to be hammered out. Read more…

Daily Pivots: (S1) 193.79; (P) 195.10; (R1) 195.96; More… GBP/JPY retreated after failing to sustain above 195.95 resistance and intraday bias is turned neutral first. Another rally is in favor as long as 190.22 support Read more…

Daily Pivots: (S1) 163.42; (P) 164.29; (R1) 164.86; More… Intraday bias in EUR/JPY is turned neutral with current retreat and some consolidations could be seen Further rally is in favor as long as 161.57 support Read more…

Daily Pivots: (S1) 0.8405; (P) 0.8421; (R1) 0.8439; More… Intraday bias in EUR/GBP is turned neutral first with current retreat. Another fall is expected as long as 0.8539 resistance holds. As noted before, rebound from Read more…

Daily Pivots: (S1) 1.7286; (P) 1.7345; (R1) 1.7441; More… Intraday bias in EUR/AUD is turned neutral again with current recovery. Further fall is in favor as long as 1.7628 resistance holds. Below 1.7245 will target Read more…

Daily Pivots: (S1) 0.9382; (P) 0.9402; (R1) 0.9430; More…. Intraday bias in EUR/CHF remains neutral for the moment. Outlook is unchanged that rebound from 0.9218 is either as a corrective move or the third leg Read more…

Silver’s rally from its July 4, 2025, low has unfolded as an impulsive Elliott Wave structure, completing Wave (1) at $33.67. The metal is now in a corrective Wave (2) pullback. It is characterized by Read more…

The news of fresh deals is coming in from the Middle East as Donald Trump seems very successful in getting the oil- and gas-rich countries to buy stuff from the US – including chips and Read more…

The UK economy expanded by 0.7% qoq in Q1, slightly ahead of expectations at 0.6% qoq. Growth was led by a 0.7% qoq rise in the services sector and a robust 1.1% qoq increase in Read more…