Daily Pivots: (S1) 158.35; (P) 158.59; (R1) 158.99; More… USD/JPY’s rise from 155.01 is in progress and intraday bias remains on the upside. As this rebound is seen as the second leg of the corrective pattern from 160.71, strong resistance should emerge from there to limit upside. On the downside, break of 157.30 minor support […]
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Key takeaways: After rays of light in Q1, the Chinese data batch for April released overnight threw a bit of cold water on the recent signs of improvement in domestic demand. Retail sales growth dropped Read more…
USD/JPY climbed to 158.93 on Monday, marking the yen’s sixth consecutive session of decline. The Japanese currency is under pressure from a stronger dollar amid rising expectations that the Federal Reserve may raise interest rates Read more…
Gold came under renewed pressure earlier today, briefly breaching below $4,500 level as the recent decline resumed. Although the precious metal later recovered some ground, the broader near-term outlook remains tilted to the downside as Read more…