Daily Pivots: (S1) 129.14; (P) 130.04; (R1) 130.77; More… Intraday bias in USD/JPY remains neutral for consolidation below 131.24 Outlook stays bullish with 126.91 support intact. Break of 131.24 will resume recent up trend to Read more…
Japan consumer confidence index rose slightly by 0.2 pts to 33.0 in April, missed expectation of 33.9. Overall livelihood dropped -0.1 to 31.2. Income growth dropped -0.6 to 36.8. Employment rose 1.3 to 36.1. Willingness Read more…
Daily Pivots: (S1) 0.9692; (P) 0.9714; (R1) 0.9758; More…. Intraday bias in USD/CHF remains neutral for consolidation below 0.9758 temporary top. Deeper retreat could be seen, but downside should be contained well above 0.9459 support Read more…
Dollar rises broadly again today but Asian session is a bit quiet with China and Hong Kong on holiday. Selling mainly concentrates on Aussie and Kiwi, with both breaking through last week’s lows. But Euro Read more…
NZD/USD’s decline resumes today and hit as low as 0.6420 so far. The weakness in Kiwi is mainly due to external factors, rather than domestic ones. The economy remains strong while RBNZ is expected to Read more…
Japan PMI Manufacturing was finalized at 53.5 in April, down from March’s 54.1. Au Jibun Bank said growth in output levels was unchanged as new orders expansion slowed. Factory gate charges were in record rise Read more…
In an interview published on Sunday, ECB Vice President Luis de Guindos reiterated that ECB decided to end asset purchases in Q3. “In my opinion, there’s no reason why this shouldn’t happen in July,” he Read more…
Key Highlights EUR/USD tumbled below 1.0650 and 1.0550. It traded to a new multi-month low below 1.0480. GBP/USD fell sharply and tested 1.2440, while USD/JPY jumped above 131.00. The US ISM Manufacturing Index could increase Read more…
After the worst month for US equities since 2008, culminating in a dark day for risk on Friday, the market faces the start of May with some sizeable landmines to navigate – we look at Read more…