Daily Pivots: (S1) 1.2679; (P) 1.2762; (R1) 1.2826; More… Intraday bias in GBP/USD remains on the downside for 100% projection of 1.3641 to 1.2999 from 1.3297 at 1.2655. Sustained break there will target 161.8% projection Read more…
EUR/USD After the breach of the important support at 1.0757, the Euro lost quite a bit of ground against the dollar and the pair tested the support zone at 1.0704. During the early hours of Read more…
Markets A Chinese growth slowdown ranks as one of the biggest risks to future global growth. March data already showed the impact of lockdowns in Shanghai (still in place), with an outbreak in Beijing over Read more…
Market movers today We have a number of US data releases today. Consumer confidence from Conference Board, durable goods orders, new home sales and house prices will add more information on the state of the Read more…
Daily Pivots: (S1) 1.0668; (P) 1.0741 (R1) 1.0786; More… EUR/USD’s decline is still in progress and intraday bias remains on the downside. Current down trend should target 100% projection of 1.1494 to 1.0805 from 1.1184 Read more…
Markets sentiment stabilized a bit in Asia, following the recovery in US stocks overnight. Commodity currencies are paring some losses while Dollar and Yen are retreating. But so far, the Japanese currency is still the Read more…
Japan unemployment rate dropped from 2.7% to 2.6% in March, better than expectation of 2.7%. That;s also the lowest rate since April 2020. Number of workers rose 180k while unemployed dropped -90k. Job-to-applicant ratio rose Read more…
IMF lowered growth forecast for Asia Pacific by -0.5% to 4.9% in 2022. Inflation forecast, on the other hand, was raised by 1% to 3.4%. Anne-Marie Gulde-Wolf, acting director of the IMF’s Asia and Pacific Read more…
DXY: On the H4, with price expected to reverse off the stochastics indicator, we have a bearish bias that price will drop from our 1st resistance at 101.790 where the 161.8% Fibonacci extension, 61.8% Fibonacci Read more…
Key Highlights GBP/USD started a major decline below the 1.2980 support. It is down over 250 pips and remains at a risk of more losses. EUR/USD extended decline below the 1.0750 support zone. The US Read more…