German consumer confidence rises EUR/USD pushes above 1.10 EUR/USD is trading at 1.1040, up 0.60% on the day German consumer confidence brightens German consumer confidence continued its upswing heading into May. The German GfK consumer Read more…
Yesterday’s report showed that inflation in Australia in the first quarter of 2023 fell from a 33-year high. The consumer price index rose only by 1.4% in annual terms, although analysts had expected +1.9%. Now Read more…
Gold experienced a moderate pullback after peaking at the 13-month high of 2,048 in mid-April. Since then, the price has been trading without a clear direction within a rectangle pattern, while the congested region that Read more…
EUR/USD started a downside correction from the 1.1070 resistance. USD/CHF is rising and might aim for more gains above the 0.8930 resistance. Important Takeaways for EUR/USD and USD/CHF The Euro started a fresh decline from Read more…
EUR/USD started a downside correction from the 1.1070 resistance. USD/CHF is rising and might aim for more gains above the 0.8930 resistance. Important Takeaways for EUR/USD and USD/CHF The Euro started a fresh decline from Read more…
Daily Pivots: (S1) 0.9786; (P) 0.9799; (R1) 0.9819; More… EUR/CHF continues to lose downside momentum as seen in 4H MACD. But still deeper decline is expected with 0.9846 resistance holds. The cross is extending the Read more…
Germany Gfk Consumer Sentiment for May improved from -29.3 to -25.7, above expectation of -27.5. In April, Economic Expectations rose sharply from 3.7 to 14.3. Income Expectations rose from -24.3 to -10.7. Propensity to Buy Read more…
Daily Pivots: (S1) 0.6592; (P) 0.6649; (R1) 0.6683; More… AUD/USD’s break of 0.6619 support argues that consolidation pattern from 0.6563 has completed at 0.6804, and larger fall from 0.7156 is ready to resume. Intraday bias Read more…
Daily Pivots: (S1) 0.6592; (P) 0.6649; (R1) 0.6683; More… AUD/USD’s break of 0.6619 support argues that consolidation pattern from 0.6563 has completed at 0.6804, and larger fall from 0.7156 is ready to resume. Intraday bias Read more…
Australia CPI slowed from 7.8% yoy to 7.0% yoy in Q1, slightly above expectation of 6.9% yoy. For the quarter, CPI rose 1.4% qoq, down from prior 1.9% qoq, below expectation of 1.3% qoq. Trimmed Read more…