Daily Pivots: (S1) 0.6905; (P) 0.6946; (R1) 0.6980; More… AUD/USD’s break of 0.7027 minor resistance indicates temporary bottoming at 0.6910. Intraday bias is turned neutral for some consolidations first. But still, near term outlook will remain bearish as long as 0.7265 resistance holds. Break of 0.6910 will extend larger decline from 0.8006 to 0.6756 medium […]
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Markets Markets faced a difficult task today, navigating through a busy eco calendar. In the end, Q1 US GDP data triggered a temporary bear steepening of the US yield curve pushing yields in a first Read more…
Summary The U.S. economy is at a greater risk of recession now than it was a month ago, but this 0.3% contraction in Q1 GDP is not the start of one. It reflects instead the Read more…
The U.S. economy contracted by a meager 0.3% quarter-on-quarter (q/q, annualized) in the first quarter – in line with the consensus forecast – but a sharp reversal from Q4-2024’s gain of 2.4%. Consumer spending rose Read more…