Daily Pivots: (S1) 143.08; (P) 143.75; (R1) 144.68; More… Intraday bias in USD/JPY is turned neutral with current recovery, and some consolidations would be seen above 142.79 temporary low. Risk will stay on the downside Read more…
Daily Pivots: (S1) 1.3393; (P) 1.3417; (R1) 1.3443; More… Intraday bias in GBP/USD stays neutral and further rally is expected with 1.3333 support intact. Above 1.3468 will extend larger up trend to 61.8% projection of Read more…
Daily Pivots: (S1) 0.8246; (P) 0.8277; (R1) 0.8319; More…. Intraday bias in USD/CHF remains neutral at this point. Risk will stays on the downside as long as 0.8475 resistance holds. Corrective rebound from 0.8038 should Read more…
Daily Pivots: (S1) 0.6392; (P) 0.6425; (R1) 0.6444; More… No change in AUD/USD’s outlook as sideway trading continues. Intraday bias stays neutral and further rise is in favor with 0.6356 support intact. One the upside, Read more…
The selloff in US equities eased yesterday as pressure in the bond space declined. But the news is far from reassuring for a sustainable relief: US politicians continue to turn a blind eye to the Read more…
In focus today In the euro area, focus turns to the initial wage growth data for Q1, specifically the ECB’s indicator of negotiated wages. We anticipate a significant decline in wage growth from the 4.1% Read more…
UK retail sales volumes jumped by 1.2% mom in April, significantly above the expected 0.3% mom gain. This marks the fourth consecutive monthly increase, with volumes now at their highest level since July 2022. Food Read more…
Daily Pivots: (S1) 1.3840; (P) 1.3864; (R1) 1.3883; More… Intraday bias in USD/CAD remains mildly on the downside at this point. Deeper decline should be seen for retesting 1.3479 low, or further to 1.3727 key Read more…
Dollar is once again under pressure in a relatively calm Asian session, as broader financial markets appear to have stabilized following the earlier bout of volatility driven by US deficit and debt concerns. Wall Street Read more…
Japan’s inflation pressures remained elevated in April, with the core CPI (excluding fresh food) rising from 3.2% yoy to 3.5% yoy, beating expectations of 3.4% yoy and marking the highest level since January 2023. This Read more…