What a week it has been – and it is not over! It started with renewed Middle East tensions, sending oil prices up to $115pb, then tensions eased and markets breathed a sigh of relief thanks to the US’ unwillingness to escalate, while euphoria kicked in on news that even a peace proposal had come […]
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Daily Pivots: (S1) 212.27; (P) 212.70; (R1) 213.11; More… Intraday bias in GBP/JPY remains neutral and outlook is unchanged. Further decline is expected as long as 214.21 holds. Below 210.43 will target 209.58 support first. Read more…
Daily Pivots: (S1) 183.58; (P) 183.92; (R1) 184.33; More… Intraday bias in EUR/JPY remains neutral for the moment. Risk will stay on the downside as long as 185.02 resistance holds. Break of 182.01 will resume Read more…
The cacophony of Federal Reserve officials with hawkish outlooks on short-term interest rates is growing louder as war-fueled inflation risks outweigh concerns about the U.S. labor market. Boston Fed President Susan Collins told Bloomberg May Read more…