The UK economy expanded by 0.7% qoq in Q1, slightly ahead of expectations at 0.6% qoq. Growth was led by a 0.7% qoq rise in the services sector and a robust 1.1% qoq increase in Read more…
Daily Pivots: (S1) 1.1136; (P) 1.1201; (R1) 1.1238; More… Intraday bias in EUR/USD remains neutral for the moment. On the upside, break of 1.1292 resistance will argue that correction from 1.1572 has completed after defending Read more…
Daily Pivots: (S1) 145.68; (P) 146.68; (R1) 147.74; More… Intraday bias in USD/JPY remains neutral at this point. Further rally is expected as long as 144.02 resistance turned support holds. As noted before, fall from Read more…
Daily Pivots: (S1) 1.3225; (P) 1.3292; (R1) 1.3331; More… Intraday bias in GBP/USD is turned neutral first with current retreat. The view is unchanged that correction from 1.3442 might have completed at 1.3138 already. Decisive Read more…
Daily Pivots: (S1) 0.8352; (P) 0.8394; (R1) 0.8463; More…. Intraday bias in USD/CHF stays neutral at this point. On the downside, firm break of 0.8333 resistance turned support will argue that corrective rebound from 0.8038 Read more…
Daily Pivots: (S1) 0.6400; (P) 0.6451; (R1) 0.6478; More… Range trading continues in AUD/USD and intraday bias stays neutral at this point. On the upside, firm break of 0.6511 will resume the rally from 0.5913 Read more…
Daily Pivots: (S1) 1.3928; (P) 1.3957; (R1) 1.4012; More… Intraday bias in USD/CAD remains neutral for the moment. Further rise is in favor with 1.3898 minor support intact. Above 1.4014 will resume the rebound from Read more…
Activity in the global stock markets remained relatively subdued, with US posting a mixed close overnight and Asian markets slipping modestly lower today. Despite China’s 50bps Reserve Requirement Ratio cut taking effect, expected to inject Read more…
Australia’s labor market delivered a strong upside surprise in April, with employment rising by 89k, sharply above expectations of 20.9k. Full-time jobs accounted for 59.5k of the gain, while part-time employment rose by 29.5k. Unemployment Read more…
At an event overnight, San Francisco Fed President Mary Daly said Fed is in a “good position” to respond to evolving conditions and uncertainties. She emphasized, “patience is the word of the day,” “We’ve got Read more…