Daily Pivots: (S1) 1.1024; (P) 1.1104 (R1) 1.1148; More… Intraday bias in EUR/USD remains neutral at this point, but further rally is mildly in favor as long as 1.0943 support holds. Break of 1.1184 will Read more…
The forex markets are rather steady in Asian session today. Focuses will turn to Eurozone CPI flash and US non-farm payrolls employment. Euro is so far still the strongest one for the week, but it Read more…
DXY: On the weekly, prices have approached a pivot. With RSI at all time high and divergence spotted, we see the potential for a dip from our 1st resistance at 99.183 in line with 78.6% Read more…
US non-farm payrolls report is expected to show 488k job growth in March. Unemployment rate is expected to tick down further from 3.8% to 3.7%. Average hourly earnings are expected to return to growth at Read more…
China Caixin PMI Manufacturing dropped from 50.4 to 48.1 in March, below expectation of 49.7. The pace of contraction was quickest since February 2020. Caixin said production fell at quickest rate for just over two Read more…
Japan PMI Manufacturing was finalized at 54.1 in March, up from February’s 52.7. Markit said there was renewed rise in output and stronger new order growth. But export orders had sharpest fall for 20 months. Read more…
Australia AiG Performance of Manufacturing Index rose from 53.2 to 55.7 in March. Looking at some details, production dropped -1.2 to 53.4. Employment rose 9l9 to 53.4. New orders rose 5.2 to 65.0. Input prices Read more…
Key Highlights USD/JPY started a fresh decline from the 125.00 resistance zone. It traded below a major bullish trend line with support near 122.30 on the 4-hours chart. Crude oil price is struggling to gain Read more…
With the US payrolls in focus in the session ahead and some increased interest from clients to assess the risk and reward trade-off – here are some views that may be of interest. US non-farm Read more…
In the past days, WTI continued to trade lower basically reversing the ground it gained in the previous week. We are currently going through a very interesting time for the Oil market, with a number Read more…