An explosive week lies ahead for global markets, featuring central bank decisions in the United States, Eurozone, and Australia, alongside the latest edition of nonfarm payrolls. The Fed is expected to raise interest rates one Read more…
The GBPJPY cross surged to five-month high (also new 2023 peak), advancing 1.6% until early US session on Friday, as yen was sold across the board after the Bank of Japan kept firm dovish stance. Read more…
Daily Pivots: (S1) 133.42; (P) 133.81; (R1) 134.38; More… Intraday bias in USD/JPY remains on the upside for the moment. Decisive break of channel resistance, (now at 136.26). will raise the chance of resumption of Read more…
The Euro dips below 1.10 support on Friday, extending pullback from new 2023 high (1.1095) into second consecutive day. Stronger dollar on Friday morning pressured the single currency, along with weak EU / German GDP Read more…
Bank of Japan maintains monetary policy BoJ removes forward guidance and announces policy review Tokyo Core CPI rises higher than expected USD/JPY soars USD/JPY has jumped 1.3% today and is trading at 135.74. Earlier, the Read more…
Bank of Japan maintains monetary policy BoJ removes forward guidance and announces policy review Tokyo Core CPI rises higher than expected USD/JPY soars USD/JPY has jumped 1.3% today and is trading at 135.74. Earlier, the Read more…
Market Picture Crypto market capitalisation is up 0.85% in the last 24 hours to 1.21 trillion, in the middle of its range over the previous two weeks. The Crypto Fear and Greed Index rose 5 Read more…
Germany GDP stalled in Q1 (price, seasonally and calendar adjusted), below expectation of 0.1% qoq growth. GDP was up a price adjusted 0.2% compared with the first quarter of 2022. The price and calendar adjusted Read more…
NZD/USD tests critical floor The US dollar advanced as the core PCE accelerated in Q1. The pair is hovering above the daily support of 0.6090 as kiwi buyers struggle to hold on to their gains. Read more…
Daily Pivots: (S1) 1.6573; (P) 1.6680; (R1) 1.6824; More… Intraday bias in EUR/AUD remains neutral for consolidation below 1.6785. Downside of retreat should be contained by 1.6444 resistance turned support to bring rally resumption. On Read more…