Markets US headline/core inflation for April came in at 8.3%/6.2% yesterday, defying expectations for a bigger decline from the 40-year highs. Core inflation also showed more signs of broadening and being increasingly persistent. It wasn’t Read more…
US inflation data didn’t print a soft-enough figure to reverse the market selloff. Inflation in the US was 8.3% in April, higher than 8.1% expected by analysts, but happily, less than 8.5% printed a month Read more…
UK GDP contracted -0.1% mom in March, worse than expectation of 0.1% mom growth. That came after no growth in February (revised down from 0.1%). For the month, services dropped -0.2%. Production dropped -0.2%. Construction Read more…
Daily Pivots: (S1) 1.0485; (P) 1.0531 (R1) 1.0560; More… Intraday bias in EUR/USD remains neutral as range trading continues. Further decline is in favor as long as 1.0641 minor resistance holds. Break of 1.0470 will Read more…
Daily Pivots: (S1) 1.2190; (P) 1.2295; (R1) 1.2352; More… GBP/USD’s decline resumed after brief consolidations and intraday bias is back on the downside. Current down trend should target 200% projection of 1.3641 to 1.2999 from Read more…
Daily Pivots: (S1) 0.9887; (P) 0.9925; (R1) 0.9979; More…. Further rally could be seen in USD/CHF for now. But considering bearish divergence condition in 4 hour MACD, upside should be limited by 261.8% projection of Read more…
Daily Pivots: (S1) 129.35; (P) 130.08; (R1) 130.71; More… USD/JPY is staying in consolidation from 131.34 and intraday bias remains neutral. Further rally is expected with 128.61 support intact. Above 131.34 will target 261.8% projection Read more…
Daily Pivots: (S1) 0.6897; (P) 0.6976; (R1) 0.7023; More… AUD/USD’s decline resumed after brief consolidations and intraday bias is back on the downside. Current fall is p[art of the decline from 0.8006 and should target Read more…
Daily Pivots: (S1) 1.2929; (P) 1.2985; (R1) 1.3048; More… Intraday bias in USD/CAD remains neutral for consolidation below 1.3050. Further rally is expected as long as 1.2712 support holds. On the upside, Sustained break of Read more…
Daily Pivots: (S1) 0.8542; (P) 0.8568; (R1) 0.8611; More… EUR/GBP’s rally resumed after brief consolidation and intraday bias is back on the upside. Further rally should be seen to 0.8697 medium term fibonacci level next. Read more…