Daily Pivots: (S1) 0.7131; (P) 0.7154; (R1) 0.7194; More… AUD/USD’s break of 0.7187 high suggests that larger up trend is possibly resuming. Intraday bias stays on the upside for 61.8% projection of 0.6420 to 0.7187 Read more…
Aussie strength is telling the story of markets today. The currency has emerged as the top performer, driven by a combination of improving global risk sentiment and robust domestic labor data, with AUD/USD rising to Read more…
Markets More ECB members spoke on the sidelines of the IMF/Worldbank annual spring event in Washington. In general, it stands out how the overall tone of comments softened as oil prices moved from crisis levels Read more…
In focus today In the UK, February GDP is expected to increase 0.1% m/m, an increase from January’s 0.0% m/m growth. The print is especially interesting in the light of Tuesday’s IMF projections that UK Read more…
UK economic activity strengthened in February, with GDP rising 0.5% mom, well above expectations of 0.1% mom. The expansion was broad-based, with both services and production increasing by 0.5%, while construction posted a stronger 1.0% Read more…
European currencies are maintaining an upward trajectory, having reached previously outlined levels amid sustained demand for the euro and the pound. The current advance is developing against a backdrop of gradually shifting market expectations and Read more…
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Key Highlights WTI Crude Oil failed to surpass $105 and trimmed most gains. A key bearish trend line is forming with resistance at $96.40 on the 4-hour chart of XTI/USD. Gold is facing a major Read more…
China’s economy delivered a stronger-than-expected start to the year, with GDP expanding 5.0% yoy in Q1, accelerating from 4.5% in the previous quarter and beating expectations of 4.8%. Officials described the performance as a “solid Read more…
Australia’s labor market showed steady conditions in March, with employment rising by 17.9k, in line with expectations, while the unemployment rate held at 4.3%. The data suggests underlying resilience, even as participation edged slightly lower Read more…