Daily Pivots: (S1) 1.7491; (P) 1.7525; (R1) 1.7557; More… Intraday bias in EUR/AUD remains neutral for the moment. On the downside, firm break of 1.7460 support will suggest that recovery from 1.7245 has already completed Read more…
Daily Pivots: (S1) 0.9352; (P) 0.9380; (R1) 0.9396; More…. No change in EUR/CHF’s outlook as range trading continues. Intraday bias stays neutral for the moment. Price actions from 0.9445 are seen as a triangle consolidation Read more…
Markets US yields gave up a couple of basis points from Friday’s surge yesterday in choppy trading. The move end last week was inspired by the May payrolls report not delivering a feared-for downside surprise Read more…
UK labor market data released today point to gradual cooling. In May, payrolled employment dropped by -109k, or -0.4% mom. Claimant count rose sharply by 33.1k, well above the expected 4.5k increase. Wage pressures are Read more…
The week started on a quiet note in the US and with some weakness in Europe, where many were off due to a religious holiday. But futures are in positive territory this morning as traders Read more…
In focus today In the euro area, we follow the Sentix investor confidence indicator, which is the first confidence indicator collected in June. The indicator rebounded sharply in May following the post-liberation day plunge in Read more…
Daily Pivots: (S1) 1.1392; (P) 1.1415; (R1) 1.1444; More… Range trading continues in EUR/USD and intraday bias stays neutral. Price actions from 1.1572 are seen as a corrective pattern to rally from 1.0716. While rebound Read more…
Daily Pivots: (S1) 1.3677; (P) 1.3692; (R1) 1.3715; More… USD/CAD is staying in tight range above 1.3633 and intraday bias remains neutral. Considering bullish convergence condition in 4H MACD, firm break of 1.3741 will indicate Read more…
Daily Pivots: (S1) 0.6496; (P) 0.6515; (R1) 0.6536; More… Intraday bias in AUD/USD remains neutral as it’s still staying below 0.6536 resistance. More consolidations could be seen, but even in case of another dip, further Read more…
Global markets remain in a state of cautious anticipation as high-level trade negotiations between the US and China continue for a second day in London. While there’s no definitive outcome yet, mild optimism lingers. Asian Read more…