Daily Pivots: (S1) 1.2480; (P) 1.2547; (R1) 1.2647; More… Intraday bias in GBP/USD remains neutral for the moment. Consolidation from 1.2410 could extend further. But upside of recovery should be limited below 1.2999 support turned Read more…
Daily Pivots: (S1) 0.9692; (P) 0.9714; (R1) 0.9758; More…. Intraday bias in USD/CHF is back on the upside with break of 0.9758 temporary top. Current rally should target next medium term projection level at 0.9864. Read more…
Daily Pivots: (S1) 129.14; (P) 130.04; (R1) 130.77; More… USD/JPY is still bounded in consolidation from 131.24 and intraday bias remains neutral first. Near term outlook remains bullish with 126.91 support intact. Break of 131.24 Read more…
Daily Pivots: (S1) 1.2765; (P) 1.2813; (R1) 1.2907; More… USD/CAD’s rally from 1.2401 resumes by breaking through 1.2879 temporary top. Intraday bias is back on the upside for 1.3022 fibonacci level next. Decisive break there Read more…
Dollar remains the firmer one today, in quiet markets, as traders are awaiting Fed’s rate hike, and forward guidance later in the week. Yen’s trading tone is so far positive, as risk markets lack buyers. Read more…
Oil prices drop notably today on worries over China’s economy. Data released over the weekend showed PMIs hitting the lowest level since February 2020 due to lockdowns. The economy is on the verge of contraction Read more…
Amazon shares were back in the red Monday following its biggest single-day decline since 2006 as analysts pared details of its surprise $3.8 billion first quarter loss. Amazon (AMZN) – Get Amazon.com, Inc. Report shares extended Read more…
BoE: High inflation vs. weaker growth outlook In line with consensus and market pricing, we expect the Bank of England (BoE) to hike the Bank Rate by another 25bp to 1.00% but focus is definitely Read more…
The PyDev of the Week this week is Jyotika Singh (@JyotikaSingh_). Jyotika is the maintainer of pyAudioProcessing and a speaker at multiple conferences. You can check out what Jyotika is up to by going to Read more…
A huge week ahead as three central banks line up to raise interest rates, and three employment reports drop, including one in New Zealand on Wednesday morning. The March quarter labour market figures are expected Read more…