Key takeaways GBP/USD remains supported despite renewed US-Iran tensions, with traders now closely focused on upcoming US labour market data and University of Michigan consumer sentiment figures that could drive near-term volatility in the pair. Read more…
Markets The shaky ceasefire between the US and Iran stumbled again late last night. Iran fired on three US Navy destroyers sailing in the Strait of Hormuz. The US responded by targeting the launching facilities Read more…
What a week it has been – and it is not over! It started with renewed Middle East tensions, sending oil prices up to $115pb, then tensions eased and markets breathed a sigh of relief Read more…
Daily Pivots: (S1) 212.27; (P) 212.70; (R1) 213.11; More… Intraday bias in GBP/JPY remains neutral and outlook is unchanged. Further decline is expected as long as 214.21 holds. Below 210.43 will target 209.58 support first. Read more…
Daily Pivots: (S1) 183.58; (P) 183.92; (R1) 184.33; More… Intraday bias in EUR/JPY remains neutral for the moment. Risk will stay on the downside as long as 185.02 resistance holds. Break of 182.01 will resume Read more…
The cacophony of Federal Reserve officials with hawkish outlooks on short-term interest rates is growing louder as war-fueled inflation risks outweigh concerns about the U.S. labor market. Boston Fed President Susan Collins told Bloomberg May Read more…
Daily Pivots: (S1) 0.8642; (P) 0.8649; (R1) 0.8662; More… Intraday bias in EUR/GBP stays neutral first. On the upside, firm break of 0.852 resistance should confirm short term bottoming, and turn bias back to the Read more…
Daily Pivots: (S1) 1.6216; (P) 1.6248; (R1) 1.6298; More… Further decline is expected in EUR/AUD with 1.6371 resistance intact. Decisive break of 1.6125 low will confirm resumption of whole down trend from 1.8554. However, firm Read more…
Daily Pivots: (S1) 0.9142; (P) 0.9151; (R1) 0.9161; More…. EUR/CHF is still defending 0.9155 cluster support (38.2% retracement of 0.8979 to 0.9264 at 0.9155) support. Intraday bias stays neutral for the moment. On the upside, Read more…
Daily Pivots: (S1) 1.1705; (P) 1.1743; (R1) 1.1762; More…. Intraday bias in EUR/USD remains neutral as sideway trading continues. With 1.1642 support intact, rise from 1.1408 is expected to continue. On the upside, firm break Read more…