Daily Pivots: (S1) 0.6400; (P) 0.6451; (R1) 0.6478; More… Range trading continues in AUD/USD and intraday bias stays neutral at this point. On the upside, firm break of 0.6511 will resume the rally from 0.5913 to 61.8% retracement of 0.6941 to 0.5913 at 0.6548. However, break of 0.6356 will bring deeper pullback to 38.2% retracement […]
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US initial jobless claims was unchanged at 229k in the week ending May 10, slightly below expectation of 230k. Four-week moving average of initial claims rose 3k to 230.5k. Continuing claims rose 9k to 1881k Read more…
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US retail sales rose 0.1% mom to USD 724.1B in April, matched expectations. Ex-auto sales rose 0.1% mom to USD 582.5B, below expectation of 0.3% mom. Ex-gasoline sales rose 0.1% mom to USD 673.1B. Ex-auto Read more…