Yesterday, following a false bullish breakout above the psychological $100 level, WTI crude prices fell sharply towards the $85 area. The primary driver of this rapid decline was comments made by the US President. According Read more…
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BoJ Governor Kazuo Ueda said underlying inflation in Japan is expected to “accelerate moderately”, supported by a tight labor market and evolving corporate pricing behavior. He emphasized that firms are becoming more active in wage Read more…
Markets What a difference one tweet makes. US President Trump claimed he had very good and productive talks with Iran and ordered a five-day pause in military strikes. Iranian officials shortly afterwards denied any such Read more…
I don’t have time to finish a sentence before new headlines send markets upside down. When I returned to my desk on Monday, Trump had given Iran a 48-hour ultimatum — with only a few Read more…
In focus today In the euro area, the March flash PMIs are released, which is the first growth indicator following the war in Iran. The manufacturing sector is expected to record a large decline to Read more…
Daily Pivots: (S1) 211.78; (P) 212.55; (R1) 213.50; More… Intraday bias in GBP/JPY stays mildly on the upside. On the upside, Firm break of 213.28 resistance will resume the rally from 207.20 and target a Read more…
Daily Pivots: (S1) 183.35; (P) 183.85; (R1) 184.51; More… Intraday bias in EUR/JPY remains mildly on the upside for 184.75 resistance. Firm break there will resume the whole rise from 180.78 and target a retest Read more…
Daily Pivots: (S1) 0.8625; (P) 0.8654; (R1) 0.8676; More… Intraday bias in EUR/GBP remains neutral for the moment. With 55 D EMA (now at 0.8682) intact, further decline is in favor. On the downside, firm Read more…
Daily Pivots: (S1) 1.6469; (P) 1.6546; (R1) 1.6642; More… EUR/AUD’s break of 1.6594 resistance indicates that a short term bottom was already formed at 1.6125. Intraday bias is back on the upside for stronger rebound Read more…