GBPJPY tries to record another red candle, well below its recent record high level The BoJ intervenes again since the Fed remains concerned about inflation Momentum indicators are mixed, stochastics acknowledge the bearish pressure GBPJPY Read more…
Apple shares moved higher in early trading on May 2, but remain one of the year’s worst-performing Magnificent 7 tech stocks ahead of its latest quarterly earnings report after the closing bell. Apple (AAPL) lost Read more…
RBA meets amid uptick in Australian inflation Muddied economic outlook may complicate policy path Aussie remains choppy ahead of Tuesday’s decision (04:30 GMT) Inflation setback The Reserve Bank of Australia is no stranger to policy Read more…
Markets US Treasury yields ease a few more bps in the wake of yesterday’s FOMC policy meeting. Markets were bracing for a hawkish surprise from chair Powell following a string of higher-than-expected inflation readings and Read more…
Swiss CPI figures released earlier today came out above expectations, at 1.4%, leading to a reversal of some recent losses for the Swiss franc against other currencies. Observing the USD/CHF pair, we notice a significant Read more…
Canada’s merchandise trade balance swung to a $2.3 billion deficit in March, while February’s surplus was revised lower to $476 million. Exports, which fell by 5.3% in March, gave back most of last month’s hefty Read more…
Daily Pivots: (S1) 1.0664; (P) 1.0699; (R1) 1.0748; More… Intraday bias in EUR/USD remains neutral as range trading continues. On the upside, break of 1.0752 will resume the rebound from 1.0601. Sustained trading above 55 Read more…
Daily Pivots: (S1) 1.2481; (P) 1.2516; (R1) 1.2564; More… Intraday bias in GBP/USD remains neutral as range trading continues. On the upside, above 1.2568 will resume the rebound from 1.2298 to 55 D EMA (now Read more…
Daily Pivots: (S1) 152.27; (P) 155.13; (R1) 157.26; More… No change in USD/JPY’s outlook as correction from 160.20 is in progress. Risk will stay on the downside as long as 157.98 resistance holds. Deeper pullback Read more…
Conway Gittens brings the latest business headlines from the floor of the New York Stock Exchange as markets open for trading Thursday, May 2. Related: Stock Market Today: Stocks gain as Powell nixes rate hikes; Read more…