Daily Pivots: (S1) 0.9347; (P) 0.9374; (R1) 0.9408; More…. No change in EUR/CHF’s outlook and intraday bias stays neutral. Rise from 0.9218 might continue, either as a correction to fall from 0.9660, or the third Read more…
Daily Pivots: (S1) 1.1401; (P) 1.1448; (R1) 1.1491; More… EUR/USD’s rebound from 1.1064 is in progress and intraday bias stays mildly on the upside. Strong resistance could be seen from 1.1572 to limit upside, at Read more…
Daily Pivots: (S1) 142.75; (P) 143.36; (R1) 144.20; More… USD/JPY is still bounded in established range and intraday bias stays neutral. On the upside, above 146.27 will target 148.64 resistance first. Firm break there will Read more…
Daily Pivots: (S1) 1.3536; (P) 1.3577; (R1) 1.3612; More… Further rally is expected in GBP/USD with 1.3414 support intact. Current rise should target 100% projection of 1.2706 to 1.3442 from 1.3138 at 1.3874. However, break Read more…
Daily Pivots: (S1) 0.8174; (P) 0.8195; (R1) 0.8217; More…. Range trading continues in USD/CHF and intraday bias stays neutral. Fall from 0.8475 could extend lower, and break of 0.8156 will target 0.8038 low. But strong Read more…
Daily Pivots: (S1) 0.6481; (P) 0.6510; (R1) 0.6533; More… AUD/USD failed to break through 0.6536 resistance decisively and intraday bias stays neutral. With 0.6406 support intact, further rally is expected. On the upside, firm break Read more…
Markets As expected, the ECB cut its depo rate by another 25 bps to 2.0%. More than ever, the question for markets was what to expect next. Admittedly subject to a persistent high degree of Read more…
Popcorn sales will pop — that’s my best prediction for today — as the world watches the incredible escalation of tensions between Donald Trump and his – once – best buddy, Elon Musk. Musk joined Read more…
In focus today In the US, the May Jobs Report is set to conclude an eventful week. We forecast nonfarm payrolls to increase by 130k, average hourly earnings rising at 0.3% m/m SA, and the Read more…
Daily Pivots: (S1) 1.3645; (P) 1.3665; (R1) 1.3694; More… Intraday bias in USD/CAD stays on the downside as decline from 1.4791 is in progress. . Next target is 61.8% projection of 1.4414 to 1.3749 from Read more…