Daily Pivots: (S1) 1.0689; (P) 1.0710; (R1) 1.0745; More… Range trading continues in EUR/USD and intraday bias stays neutral. On the upside, break of 1.0752 will resume the rebound from 1.0601. Sustained trading above 55 Read more…
Dollar weakens broadly in Asian session, continuing its selloff from the previous night, as influenced by rebound in US stocks and falling treasury yields. The focus is now squarely on today’s non-farm payroll report, a Read more…
Sentiment is not bad for a week which confirmed that the Federal Reserve (Fed) won’t cut the interest rates anytime soon. Stocks rebounded and yields fell yesterday, the S&P500 kept floor above the 5000 psychological Read more…
US Non-Farm Payroll report stands as the focal point for global financial markets, with significant implications for Fed’s monetary policy easing decisions ahead. Throughout this year, the labor market has continually surprised economists by maintaining Read more…
ECB Chief Economist Philip Lane reiterated the central bank’s cautious stance on interest rate policy in a speech overnight, underscoring that rate decisions will remain “data-dependent” and determined on a “meeting-by-meeting” basis. While ECB is Read more…
The RBA is on hold until inflation falls further. A scenario necessitating a rate hike is not impossible, but it is unlikely, and it would only take shape later in the year. With the inflation Read more…
Key insights from the week that was. In Australia, partial updates on consumption came in on the softer side. Growth in nominal retail sales turned negative in March, down –0.4% (0.8%yr), the decline broad-based across Read more…
Key Highlights Gold started a downside correction and traded below $2,350. A connecting bearish trend line is forming with resistance at $2,325 on the 4-hour chart. Oil prices extended losses but remained stable above $80.00. Read more…
Short Term Elliott Wave View on EURJPY suggests the rally from 12.7.2023 low is in progress as a 5 waves. Up from 12.7.2023 low, wave 1 ended at 163.71 and pullback in wave 2 ended Read more…
EURJPY under strong bearish pressure Likely to fall to support level 163.10 EURJPY under the strong bearish pressure after the price reversed down from the major multi-year resistance level 170.00 (which started the sharp weekly Read more…