France PMI Manufacturing rose from 54.7 to 55.4 in April, below expectation of 56.4. PMI Services rose from 57.4 to 58.8, above expectation of 53.7, highest in 51 months. PMI Composite jumped from 56.3 to Read more…
The risk-off is in full swing following FOMC Jerome Powell speech, who mentioned that they are planning to get interest rates “expeditiously” to neutral. Powell acknowledged that 50 basis points rate hikes will be on Read more…
USDCAD has bounced back towards its 50- and 200-day moving averages (MA) after dipping to a more than two-week low of 1.2458 on Thursday. The price is currently testing the 38.2% Fibonacci retracement June-December 2021 Read more…
The Australian dollar extends strong fall into second day (the pair was down 1.02% on Thursday and fell nearly 1% in early Friday), hitting new five-week low and pressuring key supports. The Aussie came under Read more…
The US dollar rose while stocks retreated after a hawkish statement by Jerome Powell, the Fed chair. In a speech at an IMF forum, Powell signaled that the central bank was likely to hike rates Read more…
Crude oil price started a downward move from well above the $108 level against the US Dollar. The price declined below the $100 level to move into a short-term bearish zone. A low was formed Read more…
Daily Pivots: (S1) 166.83; (P) 167.38; (R1) 167.77; More… GBP/JPY’s retreat from 168.40 extends lower today and intraday bias bias remains neutral at this point. Downside of retreat should be contained well above 159.09 support Read more…
Daily Pivots: (S1) 138.19; (P) 138.94; (R1) 139.48; More…. Intraday bias in EUR/JPY is turned neutral with current retreat, as a temporary top is formed at 139.99. Some consolidations could be seen but downside of Read more…
Daily Pivots: (S1) 0.8287; (P) 0.8327; (R1) 0.8358; More… Immediate focus is now on 0.8379 resistance as EUR/GBP’s rebound from 0.8248 extends. Firm break there will turn bias back to the upside. Further break of Read more…
Daily Pivots: (S1) 1.4596; (P) 1.4662; (R1) 1.4769; More… EUR/AUD’s rebound from 1.3418 extends higher today but stays well below 1.4940 resistance. Intraday bias remains neutral and outlook stays bearish too. On the downside, below Read more…