US initial jobless claims dropped -18k to 228k in the week ending April 1, above expectation of 200k. Four-week moving average of continuing claims dropped -4k to 238k. Continuing claims rose 6k to 1823k in Read more…
In the long term, AUDUSD seems to be forming a global correction b of the cycle degree, taking the structure of the primary double zigzag. As part of the actionary wave, two parts can be Read more…
The GER40 cash index managed to make a higher high on April 4, reaching the highest point since January 2022 and potentially kicking off a party at the bulls’ camp. However, the situation is more Read more…
In an interview with Cyprus News Agency, ECB Chief Economist Philip Lane stressed the importance of being data-dependent and scientific in deciding on a potential interest rate hike at the May meeting. He explained, “if Read more…
UK PMI Construction dropped from 54.6 to 50.7 in March, below expectation of 53.6, indicating a mixed picture for the industry. Tim Moore, Economics Director at S&P Global Market Intelligence, explained that civil engineering and Read more…
Daily Pivots: (S1) 130.70; (P) 131.27; (R1) 131.91; More… Intraday bias in USD/JPY remains on the downside for 129.62 support. Break there will resume the whole decline form1 37.90 to retest 127.20 low. On the Read more…
Daily Pivots: (S1) 130.70; (P) 131.27; (R1) 131.91; More… Intraday bias in USD/JPY remains on the downside for 129.62 support. Break there will resume the whole decline form1 37.90 to retest 127.20 low. On the Read more…
Following weaker-than-expected private job data and services PMI, US 10-year yield dropped to its lowest level in seven months overnight. Despite these signs of a potential cooling in the economy, which could prompt the Fed Read more…
Euro technical forecast: EUR/USD weekly trade levels Euro advance extends for a third week- rally testing multi-year downtrend EUR/USD bulls vulnerable while below long-term slope resistance Resistance 1.1033, 1.1148, 1.1275– support 1.0793, 1.0705 (key), 1.0456/61 Read more…