Cleveland Fed President Loretta Mester expressed cautious optimism in an CNBC interview today, acknowledging the positive trend in the latest May CPI data. “It is welcome to see that inflation is moving back down again,” Read more…
Daily Pivots: (S1) 155.84; (P) 156.61; (R1) 157.49; More… Intraday bias in USD/JPY stays on the upside at this point. Choppy rise from 151.86 would continue to retest 160.20 high but strong resistance could be Read more…
Daily Pivots: (S1) 0.8921; (P) 0.8945; (R1) 0.8962; More…. Range trading continues in USD/CHF and intraday bias remains neutral. On the downside, sustained break of 0.8883 fibonacci level will carry larger bearish implications and bring Read more…
Daily Pivots: (S1) 1.2732; (P) 1.2770; (R1) 1.2802; More… GBP/USD’s break of 1.2687 support argues that rise from 1.2298 might have completed at 1.2859, on bearish divergence condition in 4H MACD. Intraday bias is back Read more…
Daily Pivots: (S1) 1.0709; (P) 1.0763; (R1) 1.0793; More…. Intraday bias in EUR/USD continues today and intraday bias stays on the downside for 1.0601 support. Firm break there will resume whole decline from 1.1138, as Read more…
Euro is once again capturing market attention today as this week’s significant selloff resumes. The steep decline has been driven by rising political tensions in France, as the snap parliamentary election called by President Emmanuel Read more…
Tesla shares edged higher in early Friday trading, extending a two-month gain for the stock that has added more than $100 billion in value, after investors voted to support two key proposals that effectively allow Read more…
EURUSD corrects sharply down to 1½-month low; gives up previous gains Technical signals remain bearish; support expected near 1.0650-1.0660 EURUSD continued to sink for the second consecutive day on Friday, reversing entirely its post-US CPI Read more…
The rising power and influence of the EU’s far-right political parties have spooked European financial markets. A poll has indicated prominent French far-right National Rally party is leading by a significant margin over the incumbent Read more…
The New Zealand dollar is sharply lower on Friday. NZD/USD is down 0.61%, trading at 0.6130 in the European session at the time of writing. New Zealand manufacturing PMI misses estimate New Zealand’s manufacturing sector Read more…