Daily Pivots: (S1) 159.17; (P) 159.82; (R1) 160.39; More… Intraday bias in USD/JPY remains neutral for some more consolidations, and further rally is still in favor. Above 160.45 will bring retest of 161.94 high. Nevertheless, Read more…
Daily Pivots: (S1) 0.7969; (P) 0.7991; (R1) 0.8019; More…. Intraday bias in USD/CHF remains on the upside at this point. Current rally from 0.7603 should target 38.2% retracement of 0.9200 to 0.7603 at 0.8213. On Read more…
After surging to $119.7 on March 9, crude oil experienced a sharp decline, reaching $76.73 by March 11. This retreat unfolded in the form of a five-wave impulsive Elliott Wave structure, marking a decisive corrective Read more…
In focus today In the euro area, we receive the flash March inflation print. We expect HICP inflation will rise to 2.6% y/y (from 1.9%) while core inflation should fall slightly to 2.3% y/y (from Read more…
Yesterday was marked by a rebound in sovereign bonds on expectation that rising oil prices—which will send inflation soaring in the coming months—would also hit economic growth and, in turn, limit central banks’ ability to Read more…
Daily Pivots: (S1) 1.3144; (P) 1.3213; (R1) 1.3253; More… GBP/USD’s fall from 1.3867 resumed by breaking through 1.3216 support. Intraday bias is back on the downside for 61.8% projection of 1.3867 to 1.3216 from 1.3479 Read more…
The global energy market has effectively shrugged off a Wall Street Journal report suggesting US President Donald Trump is exploring an Iran exit strategy. Brent oil stays above $110 after a remarkably shallow dip. Asian Read more…
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. Why we love this deal Year after year, we’re constantly impressed Read more…
China’s official PMIs showed a return to expansion in March, with Manufacturing PMI rising from 49.0 to 50.4, beating expectations of 50.3 and marking the strongest reading in a year. The rebound snapped two months Read more…
RBA minutes at the Mrach meeting revealed a clear bias toward further near-term tightening, as policymakers judged that inflation remains too high and risks have increased following the recent surge in oil prices. Members noted Read more…