Daily Pivots: (S1) 0.6449; (P) 0.6484; (R1) 0.6547; More… Intraday bias in AUD/USD remains on the upside for the moment. Sustained break of 0.6510 cluster resistance (38.2% retracement of 0.6894 to 0.6269 at 0.6508) will argue that whole decline from 0.7156 might be completed with three waves down to 0.6269. Stronger rally should then be […]
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Market Picture Market capitalisation has fallen 2% in the last 24 hours to $3.30 trillion. Bitcoin, stuck near past highs, quickly spoiled the market’s mood, triggering a local profit correction after the rally. An active Read more…
In focus today In the US, a range of data is due for release in the afternoon. April retail sales will provide the first hard data evidence on how consumer behaviour has reacted to higher Read more…
Markets There were very few eco data to guide global trading yesterday. (US) equities took a breather. Details on US trade agreements with the likes China and the UK still have to be hammered out. Read more…