Daily Pivots: (S1) 1.3673; (P) 1.3713; (R1) 1.3739; More… No change in USD/CAD’s outlook as retreat from 1.3845 is extending. Intraday bias stays neutral at this point. Downside should be contained by 1.3660 support to Read more…
Daily Pivots: (S1) 0.6423; (P) 0.6439; (R1) 0.6465; More… AUD/USD’s recovery from 0.6361 continues today but stays below 0.6480 support turned resistance. Intraday bias remains neutral first. Upside is still expected to be limited by Read more…
Australian Dollar trades broadly higher today, lifted partly by resurgence in risk sentiment, as well as robust PMI data reflecting the cyclical recovery in Australian economy. Improvement in the economic outlook reduces the immediate need Read more…
Platinum (PL) looks to have formed a bottom and the metal has started to rally higher in the next bullish cycle. The metal still needs to break above 1348.2 to confirm that the next leg Read more…
Key Highlights Gold started a downside correction from the $2,430 high. It traded below a key bullish trend line with support at $2,375 on the 4-hour chart. EUR/USD is struggling to recover above the 1.0680 Read more…
Japan’s Finance Minister Shunichi Suzuki signaled the readiness to address the weakening yen, a pressing issue that has raised substantial concern due to its impact on import costs. Speaking to the parliament, Suzuki conveyed the Read more…
Addressing the parliament today, BoJ Governor Kazuo Ueda said while changes in inflation projections could necessitate a shift in monetary policy, the BoJ currently has no “preset idea on the specific timing and pace” of Read more…
Japan’s PMI Manufacturing rises from 48.2 to 49.9 in April, above expectation of 48.0, signalling a near-stabilization of manufacturing business conditions. PMI Services rises from 54.1 to 54.6, highest since May 2023. PMI Composite also Read more…
Australia’s PMI Manufacturing has nearly reached the neutral mark in April, jumping from 47.3 to 49.9. PMI Services edged higher from 54.2 to 54.4, contributing to PMI’s Composite rise from 53.3 to 53.6, marking a Read more…
With so many up-and-coming industries, companies, and people leading those companies, it’s hard to gauge the contenders and pretenders. Renowned journalist Kara Swisher joined TheStreet to share which industries and names she’s keeping her eye Read more…