Daily Pivots: (S1) 1.6551; (P) 1.6616; (R1) 1.6672; More… Intraday bias in EUR/AUD is turned neutral again with current retreat. But further rally will remain mildly in favor as long as 1.6368 support holds. Corrective Read more…
Daily Pivots: (S1) 0.9606; (P) 0.9662; (R1) 0.9758; More… Intraday bias in EUR/CHF remains neutral at this point. On the upside, firm break of 0.9721 resistance will argue that correction from 0.9847 has completed already, Read more…
Germany’s industrial sector continues to faces another challenging year ahead, with Federation of German Industries (BDI) issuing a warning about the downturn in industrial production and the stagnation of exports for 2024. According to BDI’s Read more…
Markets Sterling finally snapped. A speech by Bank of England Ramsden was the straw that broke the camel’s back. He referred amongst others to the April CPI figure which will likely show the UK converging Read more…
The week starts with a relief rally in equities following a calm weekend on the geopolitical scene. The US 2-year yield pushes above 5% ahead of US GDP and PCE updates. Four of Magnificent 7 Read more…
In focus today In a relatively quiet start to the week economic data-wise, markets will continue to closely monitor developments in the Middle East. Reports still suggest that Israel’s retaliatory attack on Iran on Friday Read more…
Daily Pivots: (S1) 1.0618; (P) 1.0648; (R1) 1.0686; More… Intraday bias in EUR/USD remains neutral and more consolidations could be seen above 1.0601. Upside of recovery should be limited by 1.0723 support turned resistance. Break Read more…
Daily Pivots: (S1) 153.93; (P) 154.30; (R1) 155.02; More… Intraday bias in USD/JPY remains neutral for the moment. On the upside, break of 154.77 will resume larger up trend. But considering bearish divergence condition in Read more…
Daily Pivots: (S1) 1.2336; (P) 1.2402; (R1) 1.2437; More… Intraday bias in GBP/USD remains on the downside at this point. Decisive break of 100% projection of 1.2892 to 1.2538 from 1.2708 at 1.2354 will extend Read more…
Daily Pivots: (S1) 0.9032; (P) 0.9084; (R1) 0.9156; More…. Intraday bias in USD/CHF remains neutral as consolidation from 0.9151 is extending. Further rally is expected as long as 0.8996 support holds. Break of 0.9151 will Read more…