Fed is widely expected to leave its benchmark interest rate unchanged at 4.25–4.50% today. With no update to its economic projections or dot plot this time, attention will turn squarely to the post-meeting statement and Read more…
Key Highlights GBP/USD found support near 1.3250 and started a fresh increase. It cleared a key bearish trend line with resistance at 1.3300 on the 4-hour chart. EUR/USD is consolidating above the 1.1250 support zone. Read more…
China’s central bank has announced a sweeping set of monetary policy measures to support its economy, starting with a 10bps cut in the seven-day reverse repo rate to 1.40%, effective May 8. In a more Read more…
New Zealand’s employment grew just 0.1% qoq as expected, while the unemployment rate held steady at 5.1%, better than forecast of 5.3%. However, the quality of employment deteriorated, with a notable shift from full-time to Read more…
Japan’s private sector returned to expansion in April, as the final PMI Composite rose to 51.2 from March’s 48.9. The improvement was driven entirely by the services sector, with its PMI climbing to 52.4, while Read more…
The unemployment rate was steady at 5.1% in the March quarter, better than market expectations. Wage growth continues to slow. Unemployment rate: 5.1% (prev: 5.1%, Westpac f/c: 5.3%, RBNZ f/c 5.2%) Employment change: +0.1% (prev: Read more…
Gold: ⬆️ Buy Gold reversed from support level 3270,00 Likely to rise to resistance level 3500.00 Gold recently reversed up the support area between the support level 3270,00 (low of the previous correction a), 20–day Read more…
USDJPY: ⬇️ Sell USDJPY reversed from resistance zone Likely to fall to support level 140.00 USDJPY currency pair recently reversed from the resistance zone between the resistance level 146.00 (former strong support from March) and Read more…
DAX: ⬇️ Sell DAX reversed from key resistance level 23435,00 Likely to fall to support level 22700.00 DAX index recently reversed down from the key resistance level 23435,00 (which stopped the previous impulse wave (1) Read more…
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