Daily Pivots: (S1) 1.3543; (P) 1.3562; (R1) 1.3581; More… Further rally is still expected in GBP/USD with 1.3483 minor support intact. Firm break of 61.8% retracement of 1.3867 to 1.3158 at 1.3596 will extend the Read more…
Daily Pivots: (S1) 0.7801; (P) 0.7816; (R1) 0.7835; More…. Further decline is still expected in USD/CHF with 0.7868 minor resistance intact. Fall from 0.8041 should target 61.8% retracement of 0.7603 to 0.8041 at 0.7770. Decisive Read more…
Daily Pivots: (S1) 1.3715; (P) 1.3752; (R1) 1.3777; More… Intraday bias in USD/CAD remains on the downside as fall from 1.3965 is in progress for 61.8% retracement of 1.3480 to 1.3965 at 1.3665. Decisive break Read more…
Key takeaways Ceasefire optimism driving rebound: Improving prospects of a US–Iran ceasefire and reduced escalation risks have lifted sentiment, fuelling a strong recovery in the Nikkei 225 despite lingering stagflation concerns. Macro support from JGB Read more…
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…