Daily Pivots: (S1) 1.2625; (P) 1.2680; (R1) 1.2710; More… Intraday bias in USD/CAD remains on the downside for 1.2401 support. Firm break there will argue that whole rebound from 1.2005 has completed. Deeper fall would Read more…
Daily Pivots: (S1) 0.8499; (P) 0.8513; (R1) 0.8533; More… Range trading continues in EUR/GBP and intraday bias remains neutral. Further rally is in favor with 0.8365 support intact. On the upside, break of 0.8617 will Read more…
Daily Pivots: (S1) 1.4955; (P) 1.4983; (R1) 1.5007; More… Intraday bias in EUR/AUD stays neutral at this point. On the downside, break of 1.4882 support will reaffirm that case that corrective rebound from 1.4318 has Read more…
Daily Pivots: (S1) 1.0280; (P) 1.0309; (R1) 1.0349; More…. Intraday bias in EUR/CHF stays neutral and further fall is expected with 1.0359 resistance intact. On the downside, below 1.0228 will reaffirm the case that corrective Read more…
Daily Pivots: (S1) 136.67; (P) 137.17; (R1) 138.07; More…. EUR/JPY’s rebound form 132.63 extends higher and intraday bias is now on the upside. Correction from 139.99 should have completed with three waves down to 132.63 Read more…
On the back of improving market sentiment, Bitcoin rises through 31407 resistance to resume the rebound from 25083. Further rally is now expected to 55 day EMA (now at 34297). Sustained break there will further Read more…
WTI crude oil is extending recent rally and it’s now eyeing 120 handle. EU leaders finally agreed yesterday to embargo on seaborne oil imports from Russia, which covers more than two-thirds of the imports. Another Read more…
The official China PMI manufacturing rose from 47.4 to 49.6 in May, matched expectations. PMI Services rose from 41.9 to 47.8, above expectation of 45.2. PMI Composite also rose from 42.7 to 48.4. “This showed Read more…
Japan industrial production dropped -1.3% mom in April, much worse than expectation of -0.2% mom. It’s also the first decline in three months. The seasonally adjusted production index for the manufacturing and mining sectors stood Read more…
Weak industrial data for Japan, hawkish comments from the Fed’s Waller and increased appetite for risk has seen the yen weaken in today’s Asian session. Industrial output fell -1.3% in April compared with -0.2% expected. Read more…