Cable hit new 2023 high on Tuesday on fresh bullish acceleration which extends into the second consecutive day. Sterling received fresh support from weaker than expected US producer prices in May, which showed the smallest Read more…
Cable hit new 2023 high on Tuesday on fresh bullish acceleration which extends into the second consecutive day. Sterling received fresh support from weaker than expected US producer prices in May, which showed the smallest Read more…
Daily Pivots: (S1) 139.39; (P) 139.85; (R1) 140.69; More… Range trading continues in USD/JPY and intraday bias stays neutral at this point. Further rally is expected as long as 138.22 minor support holds. On the Read more…
US PPI for final demand fell -0.3% mom in May, below expectation of -0.1% mom rise. PPI goods fell -1.6% mom while PPI services rose 0.2% mom. PPI less foods, energy, and trade services was Read more…
Market picture The crypto market cap fell 0.5% over the past 24 hours to $1.055 trillion. The recovery momentum was broken with the release of US inflation data, although other markets quickly recovered from the Read more…
Market picture The crypto market cap fell 0.5% over the past 24 hours to $1.055 trillion. The recovery momentum was broken with the release of US inflation data, although other markets quickly recovered from the Read more…
The dollar index is standing at the back foot and consolidating above three-week low in early Wednesday, following Tuesday’s post-US CPI drop and subsequent bounce which kept the price action above key supports at 103.15/01 Read more…
NZDUSD has returned inside the rectangle that has been dictating the price action since February 2023 as the recent bearish breakout proved to be false. This move has clearly dented the NZD bears’ confidence, but Read more…
Daily Pivots: (S1) 0.9750; (P) 0.9773; (R1) 0.9791; More… Intraday bias in EUR/CHF remains on the upside at this point. Rebound from 0.9670 is in progress. Sustained trading above 55 D EMA (now at 0.9779) Read more…
UK GDP grew 0.2% mom in April, matched expectations. Services rose 0.3% mom. Production declined by -0.3% mom. Construction fell -0.6% mom. In the three months to April, GDP grew 0.1%, compared with the three Read more…