Daily Pivots: (S1) 0.8581; (P) 0.8598; (R1) 0.8608; More… Intraday bias in EUR/GBP stays neutral and outlook is unchanged. On the downside, below 0.8585 minor support will argue that rebound from 0.8529 has completed, and Read more…
Daily Pivots: (S1) 1.6305; (P) 1.6338; (R1) 1.6358; More… Intraday bias in EUR/AUD remains neutral for the moment. While stronger recovery might be seen, further decline is expected as long as 1.6494 resistance holds. Fall Read more…
Daily Pivots: (S1) 0.9792; (P) 0.9803; (R1) 0.9819; More… Intraday bias in EUR/CHF remains neutral for the moment. On the upside, decisive break of 0.9835/47 resistance will resume larger rally from 0.9252. On the downside, Read more…
Markets Significantly accelerating monthly US producer price inflation (April) triggered the obvious initial sell-off in US Treasuries and spike in the dollar. Producer prices rose by 0.5% M/M on the headline and on the core Read more…
Yesterday was one of those days when investors insisted on seeing a glass that was one-tenth full as completely full. The US producer price data came in higher than expected. The US factory-gate prices jumped Read more…
In focus today In the US, the focus will be on April CPI. We forecast headline inflation at +0.4% m/m SA, as energy inflation has been boosted by rising oil prices. Core inflation is likely Read more…
Daily Pivots: (S1) 1.0783; (P) 1.0804; (R1) 1.0842; More… EUR/USD’s rise from 1.0601 resumed by breaking through 1.0810 and intraday bias is back on the upside. Further rise should be seen to 1.0885 resistance next. Read more…
Daily Pivots: (S1) 1.2538; (P) 1.2565; (R1) 1.2621; More… Intraday bias in GBP/USD stays neutral as range trading continues. Further rise is mildly in favor with 1.2445 support intact. On the upside, break of 1.2633 Read more…
Daily Pivots: (S1) 0.9047; (P) 0.9074; (R1) 0.9094; More…. No change in USD/CHF’s outlook. Intraday bias stays neutral and further decline is in favor as long as 55 4H EMA (now at 0.9080) holds. On Read more…
Daily Pivots: (S1) 156.09; (P) 156.43; (R1) 156.78; More… USD/JPY continues to lose upside momentum as seen in 4H MACD. But further rise could still be seen with 155.25 support intact. Rebound from 151.86, as Read more…