Daily Pivots: (S1) 1.1709; (P) 1.1748; (R1) 1.1775; More…. Range trading continues in EUR/USD and intraday bias stays neutral. Further rise is expected with 1.1642 support intact. On the upside, firm break of 1.1848 will Read more…
Daily Pivots: (S1) 156.96; (P) 157.36; (R1) 157.99; More… Intraday bias in USD/JPY stays neutral at this point. On the downside, below 156.41 minor support will bring retest of 155.01. Firm break there will resume Read more…
Daily Pivots: (S1) 0.7770; (P) 0.7796; (R1) 0.7827; More…. USD/CHF is staying in range trading and intraday bias remains neutral for the moment. With 0.7847 resistance intact, further decline is expected. On the downside, decisive Read more…
Daily Pivots: (S1) 0.7214; (P) 0.7232; (R1) 0.7257; More… Intraday bias in AUD/USD remains neutral as consolidations continue below 0.7277. With 0.7101 support intact, further rally is expected. On the upside, above 0.7277 will resume Read more…
In focus today In the US, April PPI data is due for release. Yesterday’s CPI print showed sticky monthly services and super-core inflation, reinforcing concerns around persistent underlying price pressures. Markets will watch whether PPI Read more…
Daily Pivots: (S1) 1.3667; (P) 1.3695; (R1) 1.3722; More… USD/CAD’s breach of 1.3709 resistance indicates short term bottoming at 1.3549, on bullish convergence condition in 4H MACD. Rise from there is seen as the third Read more…
Markets are staying in a cautious holding pattern as investors awaited the highly anticipated Trump-Xi summit later this week, increasingly viewing the Beijing meeting as the decisive geopolitical checkpoint for both the Strait of Hormuz Read more…
April’s hot inflation reading isn’t going to change the Federal Reserve’s dire outlook for interest-rate cuts in 2026 but it will make incoming Fed Chair Kevin Warsh’s job tougher during his first year leading the Read more…
No surprise, US inflation accelerated in April – but the data released yesterday showed that it accelerated more than expected for both headline and core figures: the former rose to 3.8% – heavily impacted by Read more…
Key Takeaways US inflation accelerated sharply in April, with headline CPI rising to 3.8% y/y and core CPI to 2.8% y/y, reinforcing the “higher-for-longer” Federal Reserve narrative and effectively eliminating expectations for rate cuts in Read more…