US personal income rose 0.4% mom, or USD 91.2B, matched expectations. Personal spending rose 0.1% mom, or USD 18.9B, below expectation of 0.2% mom. Headline PCE price index rose 0.1% mom, below expectation of 0.5% Read more…
Daily Pivots: (S1) 182.26; (P) 182.57; (R1) 182.92; More… Intraday bias in GBP/JPY stays neutral for the moment, and further rise is expected as long as 179.90 support holds. Above 183.74 will resume larger up Read more…
Daily Pivots: (S1) 182.26; (P) 182.57; (R1) 182.92; More… Intraday bias in GBP/JPY stays neutral for the moment, and further rise is expected as long as 179.90 support holds. Above 183.74 will resume larger up Read more…
Daily Pivots: (S1) 182.26; (P) 182.57; (R1) 182.92; More… Intraday bias in GBP/JPY stays neutral for the moment, and further rise is expected as long as 179.90 support holds. Above 183.74 will resume larger up Read more…
Bears are taking a breather early Friday and consolidating ahead of release of EU June inflation data. The pair was down almost 0.9% in past two days, pressured by stronger dollar on solid US economic Read more…
Markets US weekly jobless claims are notoriously volatile. Since a couple of weeks, markets took them as a pointer to find the turning point in the US labour market. The same happened the other way Read more…
Economic data released in the US yesterday further fueled the hawkish Federal Reserve (Fed) bets. The US Q1 GDP was revised up from 1.3% to 2%, while analysts had penciled in an improvement to 1.4%. Read more…
Daily Pivots: (S1) 0.8959; (P) 0.8980; (R1) 0.9018; More… Intraday bias in USD/CHF stays neutral as range trading continues and outlook is unchanged. On the downside, break of 0.8900 will resume the fall from 0.9146 Read more…
Japan’s industrial production recorded a sharper decline than anticipated, dropping by -1.6% mom in May. This marked the first contraction in four months, surpassing expectations of -1.0% decrease. According to survey by Ministry of Economy, Read more…
The Reserve Bank Board meets next week on July 4. We confirm our view that the Board will decide to lift the cash rate by 0.25% to 4.35% at the July meeting with a further Read more…