The Eurozone’s flash estimates for May inflation are scheduled to be released on Tuesday (09:00 GMT) as the European Central Bank ponders how quickly to exit negative rates. The June 9 policy meeting is fast Read more…
Gold rose 0.4% last week, marking the second straight week of gains. The precious metal found support, as investors become less sensitive to Ukraine headlines, from a weaker USD and cooling expectations that the Fed Read more…
Cable keeps positive tone at the start of the week following strong rally in past two weeks (3.1%) but bulls face headwinds from falling weekly Tenkan-sen (1.2661) which capped recovery last Friday and continues to Read more…
Daily Pivots: (S1) 126.78; (P) 127.01; (R1) 127.35; More… USD/JPY’s correction from 131.34 could still extend lower. But downside should be contained by 125.09 cluster support (38.2% retracement of 114.40 to 131.34 at 124.86) to Read more…
Daily Pivots: (S1) 0.9546; (P) 0.9575; (R1) 0.9605; More… No change in USD/CHF’s outlook and fall from 1.0063 could extend lower. But should be contained by 61.8% retracement of 0.9193 to 1.0063 at 0.9525 to Read more…
Daily Pivots: (S1) 1.2567; (P) 1.2594; (R1) 1.2636; More… GBP/USD’s rise from 1.2154 is still in progress and intraday bias remains on the upside for 55 day EMA (now at 1.2756). Sustained break there will Read more…
Daily Pivots: (S1) 1.0699; (P) 1.0732 (R1) 1.0767; More… Intraday bias in EUR/USD remains on the upside at this point. Sustained trading above 55 day EMA (now at 1.0757) will target 1.0935 resistance next. On Read more…
Commodity currencies are trading broadly higher today, with help from risk-on sentiment, with Aussie and Loonie competing for the first place. Selloff are mainly centered Yen and Swiss Franc, and to a lesser extent Dollar. Read more…
On the back of risk-on sentiment, AUD/JPY rally resumed the rally from 87.28 today, and hit as high as 91.67 so far. The development affirms the case that correction from 95.73 has completed with three Read more…
This week we welcome Rachell Calhoun (@Rachell_Calhoun) as our PyDev of the Week! Rachell is active in the Python community and the Django Girls community. You can see some of the many things that Rachell Read more…