Markets It was all about the March US manufacturing ISM yesterday. The ISM unexpectedly returned above the boom/bust-mark (50) for the first time since September 2022! The increase from 47.8 to 50.3 (vs 48.3 expected) Read more…
Hawkish. The new quarter started on a hawkish note. The European markets were closed, but the S&P500 closed the first trading session of the new quarter in the negative after the ISM data unexpectedly jumped Read more…
In focus today In the US, JOLTs Job Openings are due for release for February. As companies have reported cooling hiring plans and availability of workers has improved, we expect job openings to trend lower Read more…
Daily Pivots: (S1) 0.9705; (P) 0.9721; (R1) 0.9729; More… Intraday bias in EUR/CHF remains neutral as consolidation continues below 0.9818. Another rally is expected as long 0.9689 support holds. On the upside, above 0.9818 will Read more…
Daily Pivots: (S1) 0.6468; (P) 0.6503; (R1) 0.6526; More…. Intraday bias in back on the downside with breach of 0.6484 support. Retest of 0.6442 should be seen next. Firm break there will resume whole decline Read more…
Daily Pivots: (S1) 1.3528; (P) 1.3558; (R1) 1.3600; More… Range trading continues in USD/CAD and intraday bias stays neutral. On the upside, decisive break of 1.3612 resistance will resume whole rise from 1.3176 towards 1.3897 Read more…
Daily Pivots: (S1) 151.33; (P) 151.55; (R1) 151.88; More… Intraday bias in USD/JPY remains neutral for the moment. On the downside, break of 150.25 support should confirm short term topping, and turn bias back to Read more…
Daily Pivots: (S1) 1.0716; (P) 1.0758; (R1) 1.0784; More… Intraday bias in EUR/USD stays on the downside for 1.0694 support. Decisive break there will resume the whole decline from 1.1138 and target 100% projection of Read more…
Dollar stayed broadly firm in Asian session today, after rallying on robust manufacturing data and significant rebound in treasury yields overnight. The spotlight now shifts to upcoming comments from Fed officials, including Governor Michelle Bowman Read more…
The current level of the cash rate is assessed as being just right for the time being, but things could change. The Board also picks a happy medium as the future model for implementing policy. Read more…