Daily Pivots: (S1) 0.8057; (P) 0.8079; (R1) 0.8101; More… Intraday bias in USD/CHF stays neutral and more consolidations could be seen below 0.8101 temporary top. No change in the outlook that current rise from 0.7877 is still seen as the third leg of the corrective pattern from 0.7828 low. Above 0.8101 will target 0.8123 resistance, […]
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Australia’s NAB business survey for April painted an increasingly stagflationary picture, with activity indicators weakening further even as cost pressures accelerated sharply. Business confidence improved slightly from -29 to -24, but remained deeply negative, while Read more…
Bank of Japan’s Summary of Opinions from the April meeting revealed a noticeably more hawkish debate inside the board, with several policymakers arguing that another interest rate hike could come sooner rather than later as Read more…
Silver has officially entered what looks to be a real breakout. As we noted in our Friday analysis, the metals sector was overdue for a rally, and that move is now underway. Silver has attracted Read more…