Daily Pivots: (S1) 1.3576; (P) 1.3626; (R1) 1.3653; More… Intraday bias in USD/CAD remains on the downside at this point. Decisive break of 61.8% projection of 1.4414 to 1.3749 from 1.4014 at 1.3603 will pave Read more…
Daily Pivots: (S1) 1.1503; (P) 1.1567; (R1) 1.1649; More… Intraday bias in EUR/USD is turned neutral first with current retreat. Further rally is expected as long as 1.1372 support holds. Above 1.1630 will resume the Read more…
Daily Pivots: (S1) 1.3549; (P) 1.3587; (R1) 1.3650; More… GBP/USD edged higher to 1.3631 but quickly retreated. Intraday bias remains neutral first. Firm break of 1.3631 will resume the rally from 1.2099 and target 100% Read more…
Daily Pivots: (S1) 142.94; (P) 143.75; (R1) 144.32; More… Intraday bias in USD/JPY remains neutral as sideway trading continues. On the downside, break of 142.10 support will resume the fall from 148.64 to retest 139.87 Read more…
Markets Add trade uncertainty, geopolitical tensions and underwhelming economic data in a bowl, mix it and top it off with solid demand for one of the most closely watched long-term US bond auctions in recent Read more…
Oil jumped as much as 13% after Israel launched a major and unprecedented attack on Iran, targeting nuclear and military facilities. While the news isn’t entirely surprising—there had been reports of Israel preparing action and Read more…
In focus today In the euro area, we receive industrial production data for April. Industrial production surged by 2.2% q/q in Q1, mainly driven by front loading of exports to the US from Ireland, which Read more…
Daily Pivots: (S1) 0.8067; (P) 0.8138; (R1) 0.8174; More…. Intraday bias in USD/CHF remains on the downside, with immediate focus now on 0.8038 low. Strong support could be seen there to bring rebound, and above Read more…
Asia-Pacific equities slumped today after Israel launched a military strike on Iran, targeting nuclear facilities and escalating geopolitical tensions in the region. The strike, which came without US support, was followed by a sharp vow Read more…
Key insights from the week that was. In Australia, the Westpac-MI Consumer Sentiment index posted a slight increase of 0.5% in June. At 92.6, the headline index remains well above the deep lows over 2022-24, Read more…