Key Takeaways Brent crude oil surged above $106/bbl as the prolonged Iran conflict and continued Strait of Hormuz disruption reinforced fears of persistent global energy supply shortages and inflation pressures. The Federal Reserve maintained its “higher for longer” stance after stronger inflation data and elevated energy prices reduced expectations for rate cuts, while Kevin Warsh […]
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Daily Pivots: (S1) 212.97; (P) 213.33; (R1) 213.79; More… GBP/JPY’s break of 212.35 support suggests that rebound from 210.43 has completed at 214.40. Fall from there is seen as the third leg of the pattern Read more…
Daily Pivots: (S1) 184.18; (P) 184.61; (R1) 185.19; More… Intraday bias in EUR/JPY remains neutral for the moment. As noted before, pullback from 187.93 could have completed at 182.01 already. Further rise is in favor Read more…
Daily Pivots: (S1) 0.8662; (P) 0.8689; (R1) 0.8729; More… EUR/GBP’s rebound from 0.8618 resumed after brief retreat and intraday bias is back on the upside. Further rise should be seen to 0.8740 resistance turned. Decisive Read more…