The week started on a slow but hopeful note for European markets, with expectations that Trump’s latest 50% tariff threat on European imports would accelerate negotiations. And that’s what the latest headlines suggest. As a Read more…
In focus today From the US, Conference Board’s May consumer confidence survey is due for release in the afternoon. Another preliminary survey from the University of Michigan released earlier pointed towards further weakening in consumer Read more…
Germany’s GfK Consumer Sentiment rose for the third straight month, reaching -19.9 in June, its highest reading since November 2024, but slightly below expectations of -19.7. In May, income expectations surged 6.1 pts to 10.4, Read more…
Daily Pivots: (S1) 142.35; (P) 142.72; (R1) 143.20; More… Intraday bias in USD/JPY is turned neutral with current recovery. Some consolidations would be seen above 142.10 temporary low. Further decline is expected as long as Read more…
Daily Pivots: (S1) 0.8191; (P) 0.8212; (R1) 0.8231; More…. Intraday bias in USD/CHF stays mildly on the downside at this point. Fall from 0.8475 is in progress for retesting 0.8038 low. Firm break there will Read more…
Daily Pivots: (S1) 1.1360; (P) 1.1389; (R1) 1.1417; More… For now, further rise is expected in EUR/USD with 1.1255 support intact. Correction from 1.1572 should have completed at 1.1064. Rebound from there should target 1.1572 Read more…
Markets were subdued in the Asian session today, showing little enthusiasm in response to China’s better-than-expected industrial profit figures. Profits rose 3.0% yoy in April, following a 2.6% gain in March, pushing year-to-date growth to Read more…
In his remarks at the BoJ-IMES Conference, BoJ Governor Kazuo Ueda highlighted a fresh wave of price pressures, particularly from food, has emerged in Japan recently. Rice prices nearly doubling year-on-year and broader non-fresh food Read more…
Japan’s gross external assets soared to a record JPY 533.05T in 2024, marking a 12.9% increase from the previous year. This seventh consecutive annual rise was driven by a combination of Yen depreciation and continued Read more…
Key Highlights USD/CHF started a fresh decline below the 0.8300 support. A major bearish trend line is forming with resistance at 0.8250 on the 4-hour chart. EUR/USD gained pace for a move above the 1.1380 Read more…