Daily Pivots: (S1) 193.34; (P) 194.06; (R1) 195.39; More… Intraday bias in GBP/JPY stays neutral for the moment. Further rise is in favor as long as 191.86 support holds. Firm break of 196.38 will resume Read more…
Daily Pivots: (S1) 163.07; (P) 163.47; (R1) 164.15; More… Intraday bias in EUR/JPY remains neutral for the moment, as sideway trading continues. On the upside, above 164.24 will bring retest of 165.19 resistance first. Firm Read more…
Daily Pivots: (S1) 0.8397; (P) 0.8424; (R1) 0.8438; More… EUR/GBP retreated ahead of 0.8458 resistance and intraday bias is turned neutral first. On the upside, above 0.8448 will resume the rebound to 38.2% retracement of Read more…
Daily Pivots: (S1) 1.7551; (P) 1.7629; (R1) 1.7674; More… EUR/AUD’s rebound from 1.7245 lost momentum as seen in 4H MACD, and intraday bias is turned neutral. On the upside, firm break of 38.2% retracement of Read more…
Daily Pivots: (S1) 0.9343; (P) 0.9362; (R1) 0.9392; More…. Intraday bias in EUR/CHF remains neutral as range trading continues. Rise from 0.9218 might continue, either as a correction to fall from 0.9660, or the third Read more…
Daily Pivots: (S1) 1.1338; (P) 1.1397; (R1) 1.1429; More… Intraday bias in EUR/USD remains neutral for the moment. Rebound from 1.1064 could extend higher, but strong resistance should be seen from 1.1572 to limit upside, Read more…
Daily Pivots: (S1) 1.3488; (P) 1.3523; (R1) 1.3555; More… Intraday bias in GBP/USD remains neutral at this point. With 1.3389 support intact, further rise is expected. On the upside, firm break of 1.3592 will resume Read more…
Markets Strong JOLTS data kicked of the US economic calendar yesterday. Job openings in April unexpectedly rose from an upwardly revised 7.2 mln to just shy of 7.4 mln. The broader trend – fluctuating between Read more…
Market performance was surprisingly strong yesterday, especially considering the day began in the US with a sharp downgrade in global growth projections from the OECD. The organization cited ‘substantial increases in trade barriers, tighter financial Read more…
In focus today In the US, the ADP private sector employment report will provide markets with the first sense of what to expect from Friday’s upcoming May Jobs Report. The ISM services index for May Read more…