Daily Pivots: (S1) 1.3004; (P) 1.3047; (R1) 1.3071; More… Range trading continues in GBP/USD and intraday bias stays neutral. Also, outlook remains bearish with 1.3165 resistance intact. On the downside, break of 1.2971 will resume Read more…
Daily Pivots: (S1) 1.0792; (P) 1.0864 (R1) 1.0904; More… EUR/USD quickly retreated after breaching 1.0922 resistance and intraday bias remains neutral at this point. On the upside, firm break of 1.0922 should confirm short term Read more…
Overall markets are relatively mixed. Euro’s rebound attempt yesterday was rather disappointing, but it’s nonetheless still the best performer for the week. Dollar staged a strong rebound overnight, with help from hawkish Fed and rising Read more…
Australia PMI Manufacturing rose from 57.7 to 57.9 in April, a 5-month high. PMI Services rose from 55.6 to 56.6. PMI Composite rose from 55.1 to 56.2. Jingyi Pan, Economics Associate Director at S&P Global Read more…
Japan PMI Manufacturing dropped from 54.1 to 53.4 in April, above expectation of 53.3. PMI Services rose from 49.4 to 50.5, signalling the first expansion since last December. PMI Composite rose from 50.3 to 50.9. Read more…
Japan all item CPI rose fro 0.9% to 1.2% in March, below expectation of 1.3% yoy. CPI core (ex-food) rose form 0.6% yoy to 0.8% yoy, matched expectations. CPI core-core (ex-food and energy) improved from Read more…
BoC Governor Tiff Macklem said he’s “not going to rule anything out”,. when he was asked whether he could considering hiking more than 50bps at next meeting. He added, “we’re prepared to be as forceful as Read more…
BoE Governor Andrew Bailey said yesterday that the UK is “walking a very tight line between tackling inflation and the output effects of the real income shock, and the risk that that could create a Read more…
Fed Chair Jerome Powell said in an IMF discussion that with inflation running three times the 2% target, “it is appropriate to be moving a little more quickly.” He added that “fifty basis points will Read more…
Following an expected substantial lift in underlying inflation for the March quarter and a fall in the unemployment rate from 4% to 3.8% in April we expect the RBA will decide to lift the cash Read more…