Daily Pivots: (S1) 142.81; (P) 143.40; (R1) 144.43; More… Intraday bias in USD/JPY remains neutral for the moment. Rebound from 139.87 could extend through 145.90. But near term outlook will stay bearish as long as Read more…
Daily Pivots: (S1) 0.8192; (P) 0.8232; (R1) 0.8278; More…. USD/CHF breached 0.8196 support but quickly recovered. Intraday bias remains neutral first. On the upside, above 0.8333 will resume the rebound from 0.8038. However, upside should Read more…
Daily Pivots: (S1) 1.1270; (P) 1.1324; (R1) 1.1356; More… Intraday bias in EUR/USD remains neutral for the moment, as range trading continues. On the downside, below 1.1265 will resume the corrective fall from 1.1572 short Read more…
Markets “We think we’re in the right place to wait and see how things evolve” wraps up yesterday’s press conference by Fed Chair Powell. Comments were very similar to the ones made on April 16 Read more…
This week’s Federal Reserve (Fed) meeting went according to plan. It was hawkish—though just about as hawkish as expected. The Fed kept interest rates unchanged, as widely anticipated, and signalled it’s in no rush to Read more…
In focus today The Bank of England is expected to cut the Bank Rate to 4.25%. Inflation has surprised to the downside over the past months and combined with elevated uncertainty and downside risks to Read more…
Daily Pivots: (S1) 1.3254; (P) 1.3318; (R1) 1.3357; More… Range trading continues in GBP/USD and intraday bias remains neutral at this point. On the downside, firm break of 1.3232 support will indicate short term topping Read more…
Trading in the forex markets remains subdued. Fed’s policy announcement overnight triggered minimal market reaction, as it delivered a widely expected hold at 4.25–4.50%. While Fed acknowledged that risks of both higher unemployment and higher Read more…
BoE is widely expected to deliver a 25 bps rate cut today, bringing the Bank Rate down to 4.25%. Governor Andrew Bailey and fellow policymakers have consistently emphasized a cautious approach to cutting rates, and Read more…
Minutes from BoJ’s March meeting revealed growing concern among policymakers over the external risks posed by US tariff policies. One member warned that downside risks from these policies had “rapidly heightened” and could significantly harm Read more…