Daily Pivots: (S1) 1.0409; (P) 1.0430; (R1) 1.0455; More…. Intraday bias in EUR/CHF remains on the upside at this point. Rebound from 1.0324 short term bottom would target 55 day EMA (now at 1.0472). Sustained Read more…
Market sentiment is mixed following the unnerving jobs data revealed in the US last Friday. Much lower-than-expected NFP print, and higher wages has been an explosive cocktail for the Federal Reserve (Fed) hawks, as not Read more…
Market movers today Today, focus is on Scandi data releases with Danish and Norwegian CPI inflation prints and the monthly Swedish GDP indicator due out, see in the Nordic macro section below. In the euro Read more…
The conflicting hodgepodge of US employment data released on Friday night hasn’t given Asia much in the way of themes to hang their hats on today, complicated by a Japanese holiday reducing liquidity. An underlying Read more…
Daily Pivots: (S1) 1.1312; (P) 1.1338; (R1) 1.1387; More… Range trading continues in EUR/USD and intraday bias remains neutral first. On the upside, sustained trading above 55 day EMA (now at 1.1385) will bring stronger Read more…
Daily Pivots: (S1) 1.2607; (P) 1.2669; (R1) 1.2706; More… Intraday bias in USD/CAD remains neutral at this point. On the downside, firm break of 1.2619 support will complete a head and should top pattern (ls: Read more…
Daily Pivots: (S1) 0.7145; (P) 0.7167; (R1) 0.7203; More… AUD/USD recovers mildly today but stays in range of 0.7081/7277. Intraday bias remains neutral for the moment. On the downside, break of 0.7081 support will indicate Read more…
Euro turns softer in a quiet Asian session together with Swiss Franc, but Yen is even weaker. On the other hand, Aussie is ticking up slightly together with Loonie and Dollar. Overall, trading is rather Read more…
In an blog post, senior IMF officials said the continued to expect “robust US growth”. Inflation will “likely moderate” late this year as supply disruptions ease and fiscal contraction weighs on demand. Fed’s indication that Read more…
Oil prices dip mildly in Asian session as Kazakhstan’s largest oil venture Tengizchevroil is gradually normalizing production. Some contractors had disrupted train lines in support of protests in the country last week. WTI crude oil hit Read more…