Daily Pivots: (S1) 1.0845; (P) 1.0868 (R1) 1.0900; More… Intraday bias in EUR/USD is turned neutral first with current recovery. But further fall is expected with 1.0987 resistance intact. On the downside, decisive break of Read more…
UK GDP grew 0.1% mom only in February, below expectation of 0.3% mom. Services was the main contributor to growth, up 0.2% mom. But that was offset by -0.6% mom contraction in production, and -0.1% Read more…
Daily Pivots: (S1) 123.74; (P) 124.21; (R1) 124.75; More… Focus is now on 125.09 resistance in USD/JPY. Firm break there will resume larger up trend from 102.58. Further break of 125.85 long term resistance will Read more…
Yen is trading broadly lower in Asian session today. But commodity currencies are also soft on mild risk-off sentiment. On the other hand, Euro and Dollar are the stronger ones, while Sterling and Swiss Franc Read more…
China PPI slowed from 8.8% yoy to 8.3% yoy, but still beat expectation of 7.9% yoy. However, the monthly rise of 1.1% mom in PPI was the fastest in five months, driven by surges in Read more…
BoJ Governor Haruhiko Kuroda said in the quarterly branch manager meeting, “Japan’s economy has picked up as a trend, although some weakness has been seen in part, mainly due to the impact of COVID-19.” “As Read more…
DXY: On the H4 timeframe, prices are consolidating in a swing high and an area of Fibonacci confluences. We see the potential for a dip from our 1st resistance at 100.180 in line 138.2% Fibonacci Read more…
Key Highlights EUR/USD extended decline below the 1.0950 support. It broke a key bullish trend line with support near 1.0980 on the 4-hours chart. GBP/USD dived and tested the 1.2980 support zone. Gold price could Read more…
Twitter CEO discloses last-minute decision in tweet Elon Musk won’t be joining Twitter’s board according to a tweet from the company’s CEO late Sunday, April 10. “Elon’s appointment to the board was to become officially Read more…
The two billionaires have $439 billion between them and are more rivals than friends. Elon Musk and Jeff Bezos are the two richest people in the world. They are tech-savvy and entrepreneurs who have both Read more…