Daily Pivots: (S1) 1.2795; (P) 1.2888; (R1) 1.2940; More… Intraday bias in USD/CAD remains neutral first and correction from 1.3075 could extend lower. On the upside, break of 1.3075 will resume the rise from 1.2401. Read more…
Daily Pivots: (S1) 1.0415; (P) 1.0453; (R1) 1.0492; More…. Intraday bias in EUR/CHF remains neutral for the moment. On the downside, break of 1.0360 will suggest that rebound from 0.9970 has completed as a three-wave Read more…
Daily Pivots: (S1) 157.95; (P) 158.61; (R1) 159.77; More… GBP/JPY’s price actions from 168.40 are seen as a corrective move. Risk will stay on the downside as long as 162.16 minor resistance holds, as correction Read more…
Daily Pivots: (S1) 133.97; (P) 134.51; (R1) 135.27; More…. EUR/JPY’s price actions from 139.99 are seen as a corrective pattern. Deeper fall could still be seen as long as 138.33 resistance holds. Below 132.63 will Read more…
The selloff in US and European equities continued Monday, yet the size of the slide wasn’t alarming, and the Dow Jones index could even eke out a small 0.08% gain, as energy stocks led gains. Read more…
Market movers today Today, we will get US April retail sales and industrial production data. Particularly retail sales is interesting to watch as we keep a close eye on how US consumers are coping with Read more…
In April, UK payrolled employees rose 0.4% mom, or 131k, to 29.5m. Claimant count dropped -56.9k, versus expectation of -42.3k. Unemployment rate dropped from 3.8% to 3.7%, versus expectation of being unchanged at 3.8%. Employment Read more…
Daily Pivots: (S1) 1.4910; (P) 1.5014; (R1) 1.5075; More… EUR/AUD’s break of 1.4961 minor support suggest that corrective rise from 1.4318 has completed with three waves up to 1.5277. Rejection by 1.5354 support turned resistance Read more…
Overall risk sentiment is stable in Asian session today. Australian and New Zealand Dollar are trading mildly higher as recoveries extend, while Sterling is also slightly higher. On the other hand, Yen is softening together Read more…
Sterling is a major focus this week with a batch of economic data featured, starting from jobs today, to inflation and retail sales. Risks to the inflation outlook are on both sides as BoE Governor Read more…