Daily Pivots: (S1) 1.7577; (P) 1.7617; (R1) 1.7652; More… EUR/AUD’s rebound from 1.7245 continues today and intraday bias stays on the upside. . Firm break of 38.2% retracement of 1.8554 to 1.7245 at 1.7745 will Read more…
Daily Pivots: (S1) 0.9333; (P) 0.9343; (R1) 0.9361; More…. Sideway trading continues in EUR/CHF and intraday bias remains neutral. Rise from 0.9218 might continue, either as a correction to fall from 0.9660, or the third Read more…
Daily Pivots: (S1) 1.3677; (P) 1.3710; (R1) 1.3745; More… Intraday bias in USD/CAD is back on the downside with breach of 1.3685 support. Current fall from 1.4791 is resuming. Next target is 61.8% projection of Read more…
Daily Pivots: (S1) 0.6453; (P) 0.6477; (R1) 0.6521; More… Intraday bias in AUD/USD stays neutral as sideway trading continues. Further rally is expected with 0.6406 support intact. Above 0.6536 will resume the rally from 0.5913 Read more…
Daily Pivots: (S1) 1.1377; (P) 1.1413; (R1) 1.1480; More… EUR/USD’s rebound from 1.1064 is in progress and intraday bias stays mildly on the upside. Further rise would be seen to retest 1.1572. Strong resistance could Read more…
Daily Pivots: (S1) 1.3478; (P) 1.3519; (R1) 1.3585; More… Intraday bias in GBP/USD stays neutral and further rally is expected with 1.3389 support intact. On the upside, firm break of 1.3592 will resume larger up Read more…
Daily Pivots: (S1) 142.16; (P) 143.08; (R1) 143.61; More… Intraday bias in USD/JPY remains neutral at this point. On the upside, above 146.27 will target 148.64 resistance first. Firm break there will resume the rebound Read more…
Markets Markets clearly struggled to find a coherent directional storyline yesterday. A new layer of trade uncertainty (US potentially raising steel tariffs to 50%, mutual US-China accusations of not meeting the Geneva agreements) caused investors Read more…
The month of June started on a bearish note, as renewed trade tensions and mixed economic data dominated the headlines. First, tensions between the US and China notched up another level, with both countries accusing Read more…
In focus today In the euro area, focus turns to the May HICP inflation. We expect headline inflation to decline to 2.0% y/y from 2.2% y/y, driven mainly by core inflation falling from 2.7% y/y Read more…