Daily Pivots: (S1) 1.3638; (P) 1.3658; (R1) 1.3683; More… Intraday bias in USD/CAD remains on the downside despite loss of momentum. Sustained trading below 61.8% retracement of 1.3480 to 1.3965 at 1.3665 will pave the Read more…
Daily Pivots: (S1) 0.9157; (P) 0.9174; (R1) 0.9186; More…. Intraday bias in EUR/CHF remains neutral and range trading continues below 0.9264. Further rise is in favor with 0.9155 support intact. Firm break of 0.9264 will Read more…
Daily Pivots: (S1) 214.80; (P) 215.12; (R1) 215.62; More… Intraday bias in GBP/JPY stays neutral as consolidations continue below 215.98. Further rise is expected as long as 213.29 resistance turned support holds. Firm break of Read more…
Daily Pivots: (S1) 186.94; (P) 187.15; (R1) 187.40; More… EUR/JPY is extending the consolidation pattern from 187.93 and intraday bias remains neutral. Another fall might be seen to 38.2% retracement of 182.56 to 187.93 at Read more…
Daily Pivots: (S1) 0.8684; (P) 0.8703; (R1) 0.8714; More… Intraday bias in EUR/GBP remains neutral as consolidations continue below 0.8740. As long as 0.8675 support holds, further rise remains mildly in favor. On the upside, Read more…
UK inflation rose in March, with CPI rising from 3.0% yoy to 3.3% yoy, in line with expectations. On a monthly basis, prices increased 0.7% mom, slightly above forecasts of 0.6% mom, reflecting renewed upward Read more…
The ceasefire in the Middle East has been extended, yes, despite Donald Trump’s early threats that it was ‘unlikely’ to be extended and that he would step up his aggressive stance in case of no Read more…
In focus today In Sweden, March labour market statistics is set to be published. Our forecast is that the unemployment rate will remain unchanged from February at 8.4%, seasonally adjusted, although LSF data is very Read more…
Philip Morris International (PM) stock has gone practically nowhere for the past year, but Goldman Sachs sees that changing. The firm just reiterated a $205 base-case price target, implying about 33% upside from the stock’s Read more…
Daily Pivots: (S1) 1.6383; (P) 1.6422; (R1) 1.6459; More… Intraday bias in EUR/AUD stays on the downside as fall from 1.6842 is extending. Deeper decline should be seen to retest 1.6125 low. Firm break there Read more…