Daily Pivots: (S1) 1.5055; (P) 1.5133; (R1) 1.5187; More… Intraday bias in EUR/AUD is back on the upside with break of 1.5187 resistance. Further rise would be seen to 1.5277 and then 1.5354 support turned Read more…
UK CPI accelerated further from 9.0% yoy to 9.1% yoy in May, matched expectations. That’s another record high since the series began in 1997. Also, based on indicate model, it’s the highest since around 1982, Read more…
Daily Pivots: (S1) 0.8563; (P) 0.8586; (R1) 0.8605; More… Intraday bias in EUR/GBP remains neutral and further rise is expected with 0.8484 support intact. On the upside, break of 0.8720 and sustained trading above 0.8697 Read more…
Overall risk sentiment is rather indecisive in the markets. While US stocks staged a strong rebound overnight, there is no follow through buying in Asia. Dollar and Yen are trading mildly higher today, together with Read more…
Australia Westpac leading index dropped from 1.09% to 0.58% in May, still indicating above trend growth for 2022. Westpac said, “the components of the Index are indicating an important emerging theme around Australia’s growth prospects Read more…
New Zealand goods exports rose 18% yoy or NZD 1.1B to NZD 7.0B in May. Goods imports rose 24% yoy or NZD 1.3B to NZD 6.7B. Monthly trade surplus narrowed from NZD 440m to NZD Read more…
In the minutes of April 27-28 meeting of BoJ indicated that while the board was concerned with fluctuation in Yen’s exchange rate, it remained firm on the stance to continue with ultra-loose monetary policy. One Read more…
DXY: On the H4, with RSI moving along an ascending trendline and prices moving along the ascending trendline, we have a bullish bias that bullish momentum will carry price to our 1st resistance at 105.620 Read more…
Wednesday’s publication of UK consumer inflation data is eagerly anticipated by traders. It is expected to reveal accelerating price pressures, in line with the recent trend. If the data turns out to be hotter than Read more…
With ECB members on the wires this week trying to talk down fragmentation in the Eurozone, along with CPI from the UK, EUR/GBP could be volatile this week. The ECB held an emergency meeting last Read more…