Market movers today The key data release today will be the Euro Area Flash HICP for May. Following the high country releases (more below), we see significant upside risks to our original expectations at 8.1% Read more…
German inflation hit a fresh record high of 8.7% in May, above the 8.1% penciled in by analysts. The data gave a boost to the European Central Bank (ECB) hawks and helped the EURUSD extend Read more…
With US markets closed overnight, Asian markets are drifting today. Equities are mixed with currency markets are indulging in some modest US Dollar short covering as US bond futures fall. (yields up) Gold and silver Read more…
Oil continued higher overnight has EU members agreed on an embargo of Russian oil. Euro pairs are moving higher ahead of today’s CPI report. Asian Indices: Australia’s ASX 200 index fell by -39 points (-0.54%) Read more…
DXY: On the H4, with prices moving below the ichimoku indicator and breakout from the ascending trendline, we have a bearish bias that price will drop to our 1st support at 101.048 where the horizontal Read more…
Daily Pivots: (S1) 1.0742; (P) 1.0764 (R1) 1.0803; More… Further rise is still in favor in EUR/USD with 1.0641 minor support intact. Sustained trading above 55 day EMA (now at 1.0758) will target 1.0935 resistance Read more…
Daily Pivots: (S1) 0.9549; (P) 0.9577; (R1) 0.9601; More… Strong support is still expected at 61.8% retracement of 0.9193 to 1.0063 at 0.9525 to complete the pull back from 1.0063. On the upside, above 0.9763 Read more…
Daily Pivots: (S1) 1.2625; (P) 1.2643; (R1) 1.2670; More… Further rise could be seen in GBP/USD with 1.2480 minor support intact. Sustained of 55 day EMA (now at 1.2752) will target 1.2999 support turned resistance. Read more…
Daily Pivots: (S1) 127.04; (P) 127.43; (R1) 128.00; More… Intraday bias in USD/JPY remains neutral first. On the upside, break of 129.77 minor resistance will suggest that correction from 131.34 is finished. Intraday bias will Read more…
Daily Pivots: (S1) 0.7168; (P) 0.7185; (R1) 0.7215; More… AUD/USD’s rise from 0.6828 is still in progress and intraday bias stays on the upside for 0.7265 resistance. Firm break there will raise the chance of Read more…