Daily Pivots: (S1) 156.23; (P) 156.96; (R1) 157.54; More… Focus stays on 156.57 minor support in USD/JPY. Decisive break there will confirm short term topping at 157.70, on bearish divergence condition in 4 H MACD. Read more…
Daily Pivots: (S1) 1.2693; (P) 1.2721; (R1) 1.2760; More… Intraday bias in GBP/USD remains neutral at this point and some more consolidations could be seen. Further rise is expected as long as 1.2670 support holds. Read more…
Daily Pivots: (S1) 0.8995; (P) 0.9070; (R1) 0.9110; More…. Intraday bias in USD/CHF remains on the downside at this point. Fall from 0.9157 is seen as the third leg of the pattern from 0.9223. Deeper Read more…
Daily Pivots: (S1) 1.3650; (P) 1.3692; (R1) 1.3725; More… Range trading continues in USD/CAD and intraday bias stays neutral at this point. On the upside, break of 1.3742 resistance will revive the case that correction Read more…
Daily Pivots: (S1) 0.6599; (P) 0.6624; (R1) 0.6656; More… AUD/USD is staying in consolidation from 0.6714 and intraday bias remains neutral. Further rally is in favor with 0.6578 cluster support (38.2% retracement of 0.6361 to Read more…
Dollar continues its struggle to find direction, and stay in familiar range against most major currencies except against Swiss Franc. Markets shift their focus to the upcoming release of April US PCE data for guidance. Read more…
Key insights from the week that was. In Australia, the Monthly CPI Indicator rose to 3.6%yr in April, from 3.5%yr in March and 3.4%yr in January and February. By sub-category, there were various differences relative Read more…
Current slow growth should start to pick up in the second half of 2024 as the factors weighing on household incomes ease. Scenarios that could send things off track include geopolitics, sticky domestic inflation and Read more…
China’s official PMI Manufacturing index fell from 50.4 to 49.5 in May, below the expected 50.5, indicating contraction after two months of expansion. The new manufacturing export order subindex also dropped significantly to 47.2 from Read more…
In May, Japan’s Tokyo CPI core (excluding fresh food) increased from 1.6% yoy to 1.9% yoy, matching expectations. This rise was primarily driven by higher electricity costs. However, CPI core-core (excluding food and energy) slowed Read more…