Daily Pivots: (S1) 144.18; (P) 145.18; (R1) 146.91; More… Intraday bias in USD/JPY is back on the upside with breach of 145.90 resistance. Rise from 139.87 is resuming for 38.2% retracement of 158.86 to 139.87 Read more…
Daily Pivots: (S1) 1.3204; (P) 1.3280; (R1) 1.3324; More… GBP/USD’s breach of 1.3232 support indicates short term topping at 1.3442, after rejection by 1.3433 key resistance. Intraday bias is back on the downside for 55 Read more…
Markets Today’s thin eco calendar gives the opportunity to reflect on the past week’s events. First and foremost, the Fed extended its policy rate pause and indicated that the needle in the compass remains pointed Read more…
Not only do we have a new pope this week, but we also have the first deal in Trump’s global trade war – between the UK and the US. Trump’s enthusiastic announcement, complete with a Read more…
In focus over the weekend The Norwegian inflation figures for April will be released today. Inflation surprised strongly on the upside in February and dragged the price level into March. In line with consensus, we Read more…
Daily Pivots: (S1) 1.1181; (P) 1.1259; (R1) 1.1305; More… EUR/USD’s corrective fall from 1.1572 resumed by breaking through 1.1265 and intraday bias is back on the downside. Deeper fall would be seen to 38.2% retracement Read more…
Market reaction to the much-anticipated US-UK trade agreement was cautiously positive, though not particularly enthusiastic. While major US equity indices closed higher overnight, DOW, S&P 500, and NASDAQ all gave back early gains to finish Read more…
China’s exports surged 8.1% yoy to USD 315.7B in April, far exceeding expectations of 1.9% yoy. However, the headline strength masks key shifts in trading patterns. Exports to the US tumbled by -21% yoy, a Read more…
Japan’s wage data for March showed a softening trend. Nominal total cash earnings rose 2.1% yoy, below expectations of 2.4% yoy and down from February’s 2.7% yoy. This marked the 39th consecutive month of nominal Read more…
The moment the white smoke appeared above the Sistine Chapel, I immediately turned on my television, because I wanted to see who the new pope would be, and then hopped on social media, because I Read more…