Daily Pivots: (S1) 195.21; (P) 196.57; (R1) 199.17; More.. GBP/JPY’s steep retreat indicates short term topping at 200.53. Intraday bias is turned neutral for consolidations first. But outlook will remain bullish as long as 193.51 resistance turned support holds. Firm break of 200.53 will resume larger up trend. In the bigger picture, current rally is […]
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Daily Pivots: (S1) 0.6595; (P) 0.6612; (R1) 0.6643; More… AUD/USD’s breach of 0.6645 resistance suggests that rise from 0.6361 is resuming. Intraday bias is now on the upside for 61.8% projection of 0.6464 to 0.6645 Read more…
Dollar remains broadly under pressure during Asian session as markets await the highly anticipated US CPI data. Expectations of Fed rate cuts have been building again since non-farm payroll data indicated a loosening job market. Read more…
We expect the RBNZ will leave the OCR at 5.5% at its May Monetary Policy Statement. The RBNZ will likely remain comfortable with the forward outlook communicated in the February Monetary Policy Statement. We don’t Read more…