Daily Pivots: (S1) 1.2567; (P) 1.2594; (R1) 1.2636; More.. GBP/USD’s rebound from 1.2154 extended with break of 1.2637 resistance. Intraday bias is now on the upside and further rally would be seen to 55 day Read more…
Dollar is back under pressure in today, as the rebound in US stocks carry forward to Asia. Swiss Franc is also paring some gains too while Yen softens slightly. Australian and New Zealand Dollars are Read more…
Asian markets have begun the day in an altogether positive mode after Wall Street outperformed overnight. Driving the equity rally were good results from department store retailers, notably high-end ones. The only blotch was Gap, Read more…
Australia retail sales rose 0.9% mom in April, slightly below expectation of 1.0% mom. For the 12-month period, sales rose 9.6% yoy. New South Wales was the only state or territory to record a fall, Read more…
BoJ Governor Haruhiko Kuroda told the parliament today that core inflation (all items excluding fresh food) is “likely to remain around 2% for about 12 months”, unless energy prices drop sharply. However, he emphasized that 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…
Key insights from the week that was. The first of the two key releases received this week for Australia was the Q1 construction work done survey. Activity in the sector disappointed expectations in Q1, with Read more…
For those who follow mine and the Pepperstone official Twitter account, here’s a daily snapshot of what went down. Aside from a market that has priced in a mild recession and sentiment is shot, here Read more…
As Shanghai begins to reopen after recent lockdowns, manufacturing activity in China is likely to pick up again. (Markets will see how much damage was done when China releases its PMI data at the beginning Read more…