Daily Pivots: (S1) 1.0695; (P) 1.0714; (R1) 1.0740; More… Intraday bias in EUR/USD remains neutral for the moment. On the upside, above 1.0752 will resume the rebound to 55 D EMA (now at 1.0780). On Read more…
Daily Pivots: (S1) 1.2504; (P) 1.2537; (R1) 1.2595; More… Intraday bias in GBP/USD is turned neutral with current retreat. On the upside, above 1.2568 will resume the rebound from 1.2298 to 55 D EMA (now Read more…
Daily Pivots: (S1) 153.91; (P) 156.95; (R1) 159.37; More… USD/JPY is extending consolidation from 160.20 and intraday remains neutral. Strong support could be seen from 38.2% retracement of 146.47 to 160.20 at 154.95 to bring Read more…
TheStreet’s Caroline Woods brings the latest business headlines from the floor of the New York Stock Exchange as markets open for trading Tuesday, April 30. Related: Stock Market Today: Stocks slide on inflation concern; Amazon Read more…
Daily Pivots: (S1) 0.9079; (P) 0.9116; (R1) 0.9143; More…. Intraday bias in USD/CHF remains neutral for the moment. On the upside, firm break of 0.9155 will resume the rally from 0.8332 and should target 0.9243 Read more…
Dollar’s rebound is picking up momentum in early US session, bolstered by latest Employment Cost Index which rose by 1.2% in Q3, marking the fastest pace since Q3 2022. This unexpected acceleration in employment costs Read more…
Canada’s GDP grew 0.2% mom in February, below expectation of 0.3% mom. Services-producing industries (+0.2%) led the growth for a second month in a row. Goods-producing industries aggregate was essentially unchanged. Overall, 12 of 20 Read more…
ECB Governing Council member Pablo Hernandez de Cos highlighted that despite the positive trend in declining inflation rates, outlook is clouded by rising energy costs, persistent high inflation in the services sector, and ongoing geopolitical Read more…
Eurozone preliminary core CPI rate for April continued to inch lower at 2.7% y/y, its slowest pace of inflationary pressure since February 2022. 2-year and 10-year Eurozone sovereign bonds/US Treasuries yield spread discounts have continued Read more…
Market picture The crypto market capitalisation decreased by another 1.5% to $2.27 trillion, getting closer and closer to the April lows just above $2.22 trillion. Contrary to expectations, after the halving, the pressure on the Read more…