The Australian dollar soared after the RBA signaled higher interest rates later this year. The pop above the daily resistance at 0.7550 has put the Aussie on a bullish reversal course for the weeks to Read more…
Daily Pivots: (S1) 160.72; (P) 161.34; (R1) 162.18; More… Intraday bias in GBP/JPY remains neutral as consolidation from 164.61 is still extending. Outlook remains bullish with 158.04 resistance turned support intact, and further rally is Read more…
Daily Pivots: (S1) 134.35; (P) 134.74; (R1) 135.18; More…. EUR/JPY is still staying in consolidation from 137.49 and intraday bias remains neutral. With 133.70 minor support intact, further rally is expected. On the upside, sustained break Read more…
Daily Pivots: (S1) 122.38; (P) 122.66; (R1) 123.06; More… USD/JPY’s rebound from 121.27 continues today but stays below 125.09 high. Intraday bias remains neutral first and more consolidation could still be seen. But outlook remains Read more…
Dollar trades broadly higher overnight together with treasury yields on hawkish comments from Fed officials. The green back remains firm in Asian session today. Though, Aussie remains the strongest one for the week so far, Read more…
US 10-year yield resumed recent up trend after hawkish comments from Fed officials, and closed up 0.144 at 2.556. It should be emphasized again that TNX is now facing multi-decade channel resistance, at around 2.6. Read more…
China Caixin PMI Services dropped sharply from 50.2 to 42.0 in March, much worse than expectation of 49.9. That’s also the worst reading since February 2020. PMI Composite dropped from 50.1 to 43.9, also the Read more…
ECB Chief Economist Philip Lane said in an interview with Antenna TV, there are three concerns about the Russian invasion of Ukraine, from view point of the economy, including energy, trade and uncertainty. “The war Read more…
Kansas City Fed President Esther George told Bloomberg that “50 basis points is going to be an option that we will have to consider, along with other things” at the May FOMC meeting. “We have Read more…
DXY: On the H1 timeframe, prices are on bullish momentum. We see the potential for further bullish continuation from our 1st support at 99.33 in line with 23.6% Fibonacci Retracement towards our 1st resistance at Read more…