Daily Pivots: (S1) 0.8191; (P) 0.8220; (R1) 0.8248; More…. Intraday bias in USD/CHF remains neutral at this point. Price actions from 0.8038 are seen as a corrective pattern to decline from 0.9200. While fall from Read more…
Daily Pivots: (S1) 1.3668; (P) 1.3686; (R1) 1.3712; More… Intraday bias in USD/CAD remains neutral for the moment. Considering bullish convergence condition in 4H MACD, firm break of 1.3741 will indicate short term bottoming at Read more…
Gold is in danger of breaching 3,300 after false breakout. 20-day SMA is holding as support for now. Neutral-to-bearish bias in the short term. Gold hasn’t had the best start to the week, as it Read more…
Last week ended on a positive note. Improved headlines on the trade front between the US and China and a set of better-than-expected US jobs data helped lift the S&P 500 by 1.5% over the Read more…
Daily Pivots: (S1) 0.6476; (P) 0.6497; (R1) 0.6513; More… AUD/USD recovers mildly today but stays below 0.6536 resistance. Intraday bias remains neutral for the moment. Further rise is in favor as long as 0.6406 support Read more…
Asian equity markets opened the week on a positive note, supported by cautious optimism surrounding the high-stakes US-China trade negotiations in London. US Treasury Secretary Scott Bessent, along with Commerce Secretary Howard Lutnick and Trade Read more…
China’s trade surplus widened to USD 103.2B in May, exceeding expectations of USD 101.3, even as headline export and import figures undershot forecasts. Exports rose 4.8% yoy, just shy of the 5.0% yoy consensus. Imports Read more…
Key Highlights EUR/USD corrected some gains from the 1.1500 resistance zone. A connecting bullish trend line is forming with support at 1.1330 on the 4-hour chart. GBP/USD tested the 1.3600 resistance and corrected some gains. Read more…
There are several economic reports worth looking at this week, but pay closer attention to two economic events. One will come from London. The other comes Friday from Michigan. 🔥Get $100 off TheStreet Pro — our Read more…
China’s headline CPI stayed in negative territory for the fourth consecutive month in May, coming in at -0.1% yoy, slightly better than the expected -0.2% yoy. The persistent softness in overall inflation was largely driven Read more…