Daily Pivots: (S1) 0.7125; (P) 0.7140; (R1) 0.7166; More… Intraday bias in AUD/USD stays neutral at this point and more consolidations could be seen below 0.7221. Further rally is expected with 0.7076 support intact. On Read more…
Key takeaways AUD/USD driven by risk sentiment in the near-term, not fundamentals: The pair continues to behave like a high-beta risk asset, with its correlation to global equities surging to 0.95 as stagflation fears and Read more…
GBP/USD is showing positive signs above 1.3500 and 1.3525. EUR/GBP declined and is now consolidating losses below 0.8700. Important Takeaways for GBP/USD and EUR/GBP Analysis Today The British Pound started a fresh increase above 1.3500 Read more…
Germany’s GfK Consumer Climate for May fell sharply from -28.1 to -33.3, marking its lowest level since February 2023 and signaling further deterioration in household sentiment. The decline reflects mounting pressure on consumers as inflation Read more…
Daily Pivots: (S1) 159.13; (P) 159.49; (R1) 159.73; More… Range trading continues in USD/JPY and intraday bias remains neutral for the moment. Further rise is expected with 157.49 cluster support (38.2% retracement of 152.25 to Read more…
Daily Pivots: (S1) 0.7837; (P) 0.7858; (R1) 0.7870; More…. Intraday bias in USD/CHF remains neutral for the moment. Further decline is expected as long as 0.7933 resistance holds. On the downside, sustained break of 61.8% Read more…
Daily Pivots: (S1) 1.3477; (P) 1.3508; (R1) 1.3563; More… Intraday bias in GBP/USD stays neutral and more consolidations could be seen. Though, with 1.3379 support intact, further rally is expected. On the upside, firm break Read more…
Markets To meet or not to meet? That was the question last Friday. Conflicting messages appeared every hour, but in the end the US didn’t send its top negotiators on the 18h flight to Islamabad. Read more…
Mood is slightly better this morning than it was into the weekend, as Iran reportedly offered the US a proposal to reopen the Strait of Hormuz — a move that could pave the way for Read more…
In focus today Today, the ECB releases its survey on the access to finance of enterprises (SAFE) which among other things will give insight into firms’ selling price expectations, wage costs, and inflation expectations. We Read more…