Daily Pivots: (S1) 1.0288; (P) 1.0330; (R1) 1.0373; More…. Intraday bias in EUR/CHF stays on the upside for 1.0400 resistance. Firm break there will resume whole rebound from 0.9970, and target 1.0610 resistance next. On Read more…
GBP/USD dives sharply through 1.3 handle today, breaking through 1.2971 low too. Immediate focus is now on 61.8% projection of 1.3641 to 1.2999 from 1.3297 at 1.2900. Firm break there could trigger more downside acceleration Read more…
UK retail sales dropped -1.4% mom in March, much worse than expectation of -0.3% mom. The largest contribution to the fall came from non-store retailing in which sales volumes fell by -7.9% mom. Food store Read more…
As most FX traders would attest to – the JPY has been taken to the woodshed, where the flow has been one way; it’s been brutal, but it’s been thoroughly deserved. In a world where Read more…
Market movers today Today’s key releases are the preliminary S&P Global PMIs (formerly known as Markit PMIs) for the euro area (including country-specific indices for Germany and France), the UK and the US covering April. Read more…
Data confirmed yesterday that inflation in the Eurozone advanced to 7.4%, a tick lower than the 7.5% expected by analysts. Yet the German producer prices jumped more than 30% year-on-year in March, the fastest rise Read more…
DXY: On the Weekly, with price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance where the swing high resistance is from our 1st support in Read more…
Daily Pivots: (S1) 1.2498; (P) 1.2544; (R1) 1.2630; More… USD/CAD rebounded strongly after dipping to 1.2457 and intraday bias is turned neutral. On the upside, break of 1.2675 will resume the rebound from 1.2401 towards Read more…
Daily Pivots: (S1) 0.7338; (P) 0.7398; (R1) 0.7431; More… AUD/USD’s fall from 0.7660 resumed by breaking 0.7342 temporary low. Intraday bias is back on the downside for 0.7164 support next. On the upside, above 0.7457 Read more…
Daily Pivots: (S1) 127.89; (P) 128.30; (R1) 128.79; More… Intraday bias in USD/JPY remains neutral and consolidation from 129.39 could extend further. Deeper retreat cannot be ruled out but downside should be contained above 125.09 Read more…