Eurozone CPI was finalized at 6.9% yoy in March, down from February’s 8.5% yoy. Core CPI (all items excluding energy, food, alcohol & tobacco) was finalized at 5.7%, up from prior month’s 5.6% yoy. The Read more…
USDJPY had been trending lower since its upward sloping channel broke to the downside in early March. However, the pair crossed above its 50-day simple moving average (SMA) following the strong rebound from its March Read more…
NZDUSD got another rejection near the 0.6300 round-level last week, drifting lower to retest the 200-day simple moving average (SMA) around 0.6158 ahead of New Zealand’s quarterly CPI inflation data. The focus will remain on the downside Read more…
Daily Pivots: (S1) 1.0936; (P) 1.0960; (R1) 1.0997; More… Intraday bias in EUR/USD remains neutral as consolidation from 1.1075 is still extending. Outlook remains bullish with 1.0830 support intact. On the upside, break of 1.1075 Read more…
Daily Pivots: (S1) 166.20; (P) 166.60; (R1) 167.04; More… Intraday bias in GBP/JPY remains on the upside for the moment. Current rally is part of the whole rise from 155.33. Next target is 169.26 resistance Read more…
Daily Pivots: (S1) 166.20; (P) 166.60; (R1) 167.04; More… Intraday bias in GBP/JPY remains on the upside for the moment. Current rally is part of the whole rise from 155.33. Next target is 169.26 resistance Read more…
Daily Pivots: (S1) 166.20; (P) 166.60; (R1) 167.04; More… Intraday bias in GBP/JPY remains on the upside for the moment. Current rally is part of the whole rise from 155.33. Next target is 169.26 resistance Read more…
ECB Chief Economist Philip Lane has indicated in a Bloomberg TV interview that another rate hike in May is appropriate, given the current economic landscape. He stated, “As of now, two weeks away, I think Read more…