Intraday bias in EUR/GBP remains neutral as sideway trading is in progress On the downside, decisive break of 0.8610 support will revive the case of bearish trend reversal. However, on the upside, break of 0.8680 resistance will bring stronger rebound back to 0.8728 instead. In the bigger picture, focus is staying on 38.2% retracement of […]
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The May CPI fell –0.7%mth to be up 4.0%yr. Trimmed mean rose 0.4%mth/3.6%yr. The May CPI fell –0.7%mth to be up 4.0%yr. This was below our estimate of 4.4%yr and market expectations of 4.3%yr. May Read more…
Key Highlights USD/CAD extended its rally and climbed above 1.4120. A major bullish trend line is forming with support at 1.4080 on the 4-hour chart. Gold prices could continue to move down if there is Read more…