Daily Pivots: (S1) 0.9318; (P) 0.9339; (R1) 0.9356; More…. Intraday bias in EUR/CHF stays neutral as sideway trading continues. Rise from 0.9218 might continue, either as a correction to fall from 0.9660, or the third Read more…
So we’re in June. The month of May ended with a whopping 6% advance for the S&P500, defying the ‘Sell in May and Go Away’ adage on Wall Street that points to a generally unfavourable Read more…
In focus today In the euro area, focus turns to the final manufacturing PMI data for May. Manufacturing rose more than expected to 49.4 in the flash release showing limited signs of trade uncertainty. From Read more…
Daily Pivots: (S1) 1.1310; (P) 1.1350; (R1) 1.1387; More… Intraday bias in EUR/USD remains neutral for the moment. Price actions from 1.1572 are seen as a corrective pattern to rally from 1.0176, which might still Read more…
Daily Pivots: (S1) 143.51; (P) 143.98; (R1) 144.51; More… Intraday bias in USD/JPY remains neutral. On the upside, above 146.27 will target 148.64 resistance first. Firm break there will resume the rebound from 139.87. Nevertheless, Read more…
Daily Pivots: (S1) 1.3695; (P) 1.3763; (R1) 1.3811; More… Intraday bias in USD/CAD stays neutral at this point. Consolidation from 1.3685 might extend. But outlook will stay bearish as long as 1.4014 resistance holds, in Read more…
Daily Pivots: (S1) 0.6409; (P) 0.6431; (R1) 0.6454; More… Range trading continues in AUD/USD and intraday bias stays neutral. Further rally is expected with 0.6406 support intact. Above 0.6536 will resume the rally from 0.5913 Read more…
Asian markets traded with a mild risk-off tone to start the week, though overall activity remains subdued due to holidays in China, Malaysia, and New Zealand. Nikkei is under pressure, weighed down by rising US-China Read more…
Japan’s PMI Manufacturing was finalized at 49.5 in May, up from April’s 48.7. S&P Global’s Annabel Fiddes noted that business conditions “moved closer to stabilisation,” as declines in sales eased and firms reported improved hiring Read more…
China’s official NBS PMI Manufacturing rose from 49.0 to 49.5 in May, signaling a modest improvement but still marking the second consecutive month of contraction. The lift was driven by an acceleration in production and Read more…