Daily Pivots: (S1) 124.36; (P) 125.07; (R1) 126.10; More… Intraday bias in USD/JPY remains on the upside, with focus on 125.86 long term resistance. Sustained break there will pave the way to 130.04 long term Read more…
Daily Pivots: (S1) 0.7401; (P) 0.7433; (R1) 0.7453; More… Intraday bias in AUD/USD remains mildly on the downside for the moment. Pull back from 0.7660 short term top is in progress for 55 day EMA Read more…
UK payrolled employees rose 35k in March, comparing to February. Number of payrolled employees were 544k or 1.9% above prepandemic level in February 2020. Claimant count dropped -46.9k, larger than expectation of -41.1k. In the Read more…
All eyes are on US inflation data today. Investors feel the heat before today’s inflation print. All three major indices extended losses yesterday, as the S&P500 dropped 1.70% and slipped again below its 50-DMA, while Read more…
Market movers today This morning, the UK jobs report is due out. We are in particular interested in the number of payrolled employees for March, which covers the period after the Russian invasion. Based on Read more…
DXY: On the H4 timeframe, prices are consolidating on an intermediate support. We see the potential for a bounce from our intermediate support at 99.754 in line 23.6% Fibonacci retracement towards our 1st resistance at Read more…
Daily Pivots: (S1) 1.2586; (P) 1.2614; (R1) 1.2661; More… USD/CAD’s rebound from 1.2401 resumed by breaking through 1.2617 temporary top. Intraday bias is back on the upside. Sustained trading above 55 day EMA (now at Read more…
Dollar turned a bit mixed in Asian session as markets await consumer inflation data from the US today. The greenback is losing some momentum against Yen as it’s pressing a long term resistance level at Read more…
Australia NAB business confidence rose from 13 to 16 in March. Business conditions rose from 9 to 18. Looking at some details, trading conditions rose from 11 to 24. Profitability conditions rose from 5 to Read more…
Japan corporate goods price index rose 7.3% yoy in March, slowed from 9.7% yoy but beat expectation of 9.3% yoy. The March index, at 112.0, was the highest level since December 1982. The yen-based import Read more…