GBPUSD weakens within consolidation. Loses ground on US-Iran tensions, UK political pressure, US data in focus. Momentum indicators point to a modestly fading positive bias. GBPUSD is losing ground below the 1.3600 handle, eyeing support Read more…
Markets The UK prime minister Keir Starmer is hanging by a thread. A colossal defeat at the regional and local elections last week increasingly looks to be the straw that will break the camel’s back. Read more…
Daily Pivots: (S1) 212.51; (P) 213.46; (R1) 214.81; More… Intraday bias in GBP/JPY is mildly on the upside with breach of 214.21 resistance. Pullback from 216.58 could have completed at 210.43. Further rise would be Read more…
Daily Pivots: (S1) 184.26; (P) 184.75; (R1) 185.65; More… Intraday bias in EUR/JPY is mildly on the upside with break of 185.02 resistance. Pullback from 187.93 could have completed at 182.01 already. Further rise would Read more…
Daily Pivots: (S1) 0.8632; (P) 0.8651; (R1) 0.8673; More… EUR/GBP is still bounded in established range above 0.8618 and intraday bias remains neutral. On the downside, firm break of 0.8610 will carry larger bearish implications Read more…
Daily Pivots: (S1) 1.6220; (P) 1.6254; (R1) 1.6280; More… Intraday bias in EUR/AUD stays neutral at this point. On the downside, decisive break of 1.6125 will resume larger fall from 1.8554. Nevertheless, break of 1.6371 Read more…
Daily Pivots: (S1) 0.9138; (P) 0.9152; (R1) 0.9178; More…. Intraday bias in EUR/CHF stays neutral for the moment. On the upside, break of 0.9177 minor resistance will turn bias back to the upside for 0.9264 Read more…
Major US and European indices resisted well yesterday despite a sharp rise in oil prices after US/Iran peace hopes fell off a cliff. Regardless, the S&P500 and Nasdaq100 printed fresh record highs, while even the Read more…
In focus today In the US, the most important data release of the week will be the April CPI this afternoon. We forecast headline inflation at 0.6% m/m SA (3.7% y/y) and core inflation at Read more…
Daily Pivots: (S1) 1.1752; (P) 1.1769; (R1) 1.1799; More…. Intraday bias in EUR/USD remains neutral and outlook is unchanged. Further rise is expected with 1.1642 support intact. On the upside, firm break of 1.1848 will Read more…