Daily Pivots: (S1) 1.2191; (P) 1.2227; (R1) 1.2297; More.. Intraday bias in GBP/USD remains neutral for consolidation above 1.2154 temporary low. Outlook will stay bearish as long as 1.2637 resistance holds. Break of 1.2154 will Read more…
Daily Pivots: (S1) 0.9992; (P) 1.0019; (R1) 1.0047; More…. Intraday bias in USD/CHF stays on the upside at this point. Current rally would target 1.0306 medium term fibonacci projection level. On the downside, considering bearish Read more…
Daily Pivots: (S1) 128.53; (P) 128.99; (R1) 129.73; More… Intraday bias in USD/JPY remains neutral first, and risk stays mildly on the downside with 131.34 resistance intact. Correction from there could extend lower. Below 127.51 Read more…
Daily Pivots: (S1) 1.2856; (P) 1.2954; (R1) 1.3005; More… USD/CAD recovered notably today and intraday bias is turned neutral first. Consolidation from 1.3075 could extend further. on the upside, break of 1.3075 will resume the Read more…
Daily Pivots: (S1) 0.6881; (P) 0.6911; (R1) 0.6968; More… AUD/USD is staying in consolidation above 0.6828 temporary low and intraday bias remains neutral. Outlook will remain bearish as long as 0.7265 resistance holds. Break of Read more…
Yen and Dollar rise slightly in quiet Asia session today while Aussie and Kiwi weaken. It’s typical risk-off setting with weakness seen in oil price and gold too, but movements are limited. Major pairs and Read more…
China retail sales dropped -11.1% yoy in April, worse than expectation of -6.0% yoy. Industrial production dropped -2.9% yoy, versus expectation of 0.7% yoy. Fixed asset investment rose 6.8% ytd yoy, also below expectation of Read more…
New Zealand BNZ Performance of Services Index ticked down from 51.5 to 51.4 in April. Looking at some details, activity/sales dropped from 53.5 to 52.7. Employment rose from 49.2 to 51.2. New orders/business dropped from Read more…
The strong dollar and lockdowns in China have continued to see traders take a bearish stance on metals over the past four weeks. As of Tuesday the 10th of May: Large speculators flipped to net-long Read more…
It’s another big week ahead on the markets with central banks tightening, geopolitical moves, and economic slowdowns. Macro trends and talking points Where is the bottom in risk (namely equity markets)? After a 3.7% rally Read more…