Markets US President Trump unexpectedly dropped a bomb on Friday by recommending a 50% tariff on EU goods effective immediate June 1st as he believed that the bloc wasn’t negotiating in good faith. Treasury Secretary Read more…
Trade headlines are accelerating again—and that’s not necessarily a good thing. Markets ended last week on a sour note after President Donald Trump threatened to impose a 50% tariff on European imports by June 1st, Read more…
In focus today Monday kicks off quietly, with no significant key data releases scheduled. In general, the week will be light on the data front, with the main releases including US consumer confidence on Tuesday, Read more…
Daily Pivots: (S1) 1.3673; (P) 1.3771; (R1) 1.3832; More… Intraday bias in USD/CAD stays on the downside at this point. Current fall from 1.4791 is in progress for 61.8% projection of 1.4414 to 1.3749 from Read more…
Daily Pivots: (S1) 0.6437; (P) 0.6468; (R1) 0.6527; More… AUD/USD’s rise from 0.5913 resumed by breaking through 0.6513 resistance today. Intraday bias is back on the upside for 38.2% projection of 0.5913 to 0.6513 from Read more…
Daily Pivots: (S1) 141.93; (P) 143.07; (R1) 143.72; More… Intraday bias in USD/JPY remains on the downside as fall from 148.64 is in progress for retesting 139.87. On the upside, above 144.31 minor resistance will Read more…
Daily Pivots: (S1) 0.8179; (P) 0.8238; (R1) 0.8273; More…. Intraday bias in USD/CHF remains on the downside as fall from 0.8475 is in progress for retesting 0.8038 low. Firm break there will resume larger down Read more…
Daily Pivots: (S1) 1.1303; (P) 1.1339; (R1) 1.1402; More… Intraday bias in EUR/USD remains on the upside as rise from 1.1064 is in progress for retesting 1.1572. Decisive break there will resume larger up trend Read more…
Daily Pivots: (S1) 1.3451; (P) 1.3496; (R1) 1.3587; More… Intraday bias in GBP/USD stays on the upside at this point. Firm break of 61.8% projection of 1.2706 to 1.3442 from 1.3138 at 1.3593 will target Read more…
Dollar extended its slide as the new week opened in Asia, with investors once again thrown off balance by US President Donald Trump’s unpredictable tariff messaging. The latest development sees Trump agreeing to delay the Read more…