Daily Pivots: (S1) 159.21; (P) 159.53; (R1) 159.78; More… USD/JPY is still extending consolidations from 160.45 and intraday bias remains neutral. Outlook will stay bullish as long as 157.49 cluster support (38.2% retracement of 152.25 Read more…
Daily Pivots: (S1) 0.7801; (P) 0.7867; (R1) 0.7906; More…. USD/CHF’s fall from 0.8041 resumed by breaking through 0.7853 temporary low and intraday bias is back on the downside. Rebound from 0.7603 should have completed. Deeper Read more…
Daily Pivots: (S1) 1.1694; (P) 1.1729; (R1) 1.1795; More…. EUR/USD’s rise from 1.1408 resumed after brief consolidations. Intraday bias is back on the upside for 61.8% retracement of 1.2081 to 1.1408 at 1.1824. Decisive break Read more…
The initial rise in EUR/USD and GBP/USD was driven by reports of a temporary ceasefire between the United States and Iran, which reduced demand for the US dollar as a safe-haven asset. However, over the Read more…
Daily Pivots: (S1) 1.3422; (P) 1.3466; (R1) 1.3551; More… GBP/USD’s rebound from 1.3158 resumed after brief consolidations. Intraday bias is back on the upside for 61.8% retracement of 1.3867 to 1.3158 at 1.3596. Firm break Read more…
Dollar is under broad selling pressure today, giving back its war premium as markets pivot back to diplomacy. Yesterday’s pessimism is already being unwound, with traders reassessing the outcome of the US-Iran talks in Islamabad. Read more…
Markets The US started its own naval blockade of the Straight of Hormuz in an “open-for-all or close-to-all” policy. The move came after collapsed weekend talks between the US and Iran. Oil prices spiked higher Read more…
In focus today Focus continues to be in the Middle East with the US blockade of Iranian ports taking effect yesterday afternoon. For market events, the US releases PPI in the afternoon, where the upwards Read more…
Gold has pulled back sharply from its January highs. Union Bancaire Privée (UBP) is not moved. It’s not bulging. The Swiss private bank, which manages approximately $233 billion in client assets, reaffirmed its $6,000 per Read more…
China’s trade data showed a sharp divergence in March, with exports slowing while imports surged amid volatile commodity markets. Exports rose 2.5% yoy, down from prior strength and well below expectations of 8.6%, marking a Read more…