WTI oil futures step on 84.69 once again, hold near recent highs Technical indicators show some weakness, but trend signals are positive WTI oil futures kept their footing on the 61.8% Fibonacci retracement of the Read more…
In an opinion piece in FT, BoE MPC member Megan Greene explicitly urges market participants to “stop comparing” the monetary policies of the UK and US. Greene’s commentary comes in the wake of the US Read more…
The Euro remains firmly in red and holding near last week’s low at 1.0725, following a sharp fall on Wednesday (the pair was down 1%). Higher than expected US inflation in March, cooled market expectations Read more…
Markets Above-consensus CPI, driven by low 2023 base effects and far more important by (very) strong current price dynamics, sent shockwaves through the bond market yesterday. Ongoing economic resilience and a more than healthy labour Read more…
In focus today Today’s focus will be the ECB meeting where we expect no change in the policy rate. We anticipate that the primary insight from the meeting will be a confirmation of the current Read more…
Daily Pivots: (S1) 191.37; (P) 192.16; (R1) 192.85; More….. Intraday bias in GBP/JPY remains neutral at this point. Consolidation from 193.51 is probably extending with another falling leg. But further rally is expected as long Read more…
Daily Pivots: (S1) 164.02; (P) 164.51; (R1) 165.01; More… Intraday bias in EUR/JPY remains neutral at this point. Consolidation from 165.33 is possibly extending with another falling leg, and deeper decline could be seen. But Read more…
Daily Pivots: (S1) 0.8552; (P) 0.8562; (R1) 0.8576; More… Intraday bias in EUR/GBP remains neutral for the moment, as range trading continues. On the downside, firm break of 0.8529 support will argue that the corrective Read more…
Daily Pivots: (S1) 1.6398; (P) 1.6458; (R1) 1.6556; More… Intraday bias in EUR/AUD is turned neutral first as it recovered after hitting 100% projection of 1.6742 to 1.6439 from 1.6677 at 1.6374. On the downside, Read more…
Daily Pivots: (S1) 0.9792; (P) 0.9807; (R1) 0.9821; More… EUR/CHF is still extending the consolidation form 0.9847 and intraday bias stays neutral. Near term outlook will remain bullish as long as 0.9709 support holds. Break Read more…