The FTSE 100 tumbles as China’s lockdowns hit sentiment. A plunge below the demand zone at 7500 further weighs on the market mood after buyers failed to lift offers around this year’s peak at 7670. Read more…
The Australian dollar recovers over a better-than-expected Q1 CPI reading. A break below March’s low at 0.7170 may have invalidated the recent rebound and put the Aussie on a reversal course in the weeks to Read more…
The euro struggles as the eurozone’s growth prospect dampens. The pair remains under pressure after it broke below a short-lived congestion area around 1.0770. A bearish breakout below March 2020’s lows near 1.0650 (a major Read more…
Market movers today The data calendar is dominated by tier-2 releases today. In the US we get data on the trade balance and pending home sales. France and Germany release consumer confidence this morning. Both Read more…
Daily Pivots: (S1) 158.77; (P) 161.19; (R1) 162.41; More… GBP/JPY’s fall from 168.40 is still in progress and could extend to 61.8% retracement of 150.95 to 168.40 at 157.61. Strong support is expected there to Read more…
Daily Pivots: (S1) 134.63; (P) 136.08; (R1) 136.82; More…. EUR/JPY’s pull back from 139.99 is still in progress and deeper fall could be seen to 38.2% retracement of 124.37 to 139.99 at 134.02. Downside should Read more…
Daily Pivots: (S1) 0.8414; (P) 0.8439; (R1) 0.8484; More… EUR/GBP’s rise from 0.8248 resumes after brief retreat and intraday bias is back on the upside. Current rally should target 0.8511 resistance first. Further break of Read more…
Daily Pivots: (S1) 1.4849; (P) 1.4897; (R1) 1.4981; More… Intraday bias in EUR/AUD remains neutral for the moment. Another rise is still mildly in favor 1.4687 support intact. On the upside, break of 1.5053 will Read more…
Daily Pivots: (S1) 1.0204; (P) 1.0247; (R1) 1.0283; More…. Intraday bias in EUR/CHF is mildly on the downside for the moment. Corrective pattern from 1.0400 is extending with another falling leg. Deeper decline could be Read more…
Germany Gfk consumer sentiment for May dropped significantly from -15.7 to -26.5, well below expectation of -15.7. That’s the second month of decline, as well as a new historic low. Looking at some details for Read more…