In focus today Focus today is on German and Spanish inflation data for April that will give important indications of where the euro area print tomorrow is heading. China releases PMI manufacturing for April overnight from both NBS as well as Caixin. Both indices have increased to decent levels in recent months, but we believe […]
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Daily Pivots: (S1) 1.0498; (P) 1.0543; (R1) 1.0612; More… EUR/USD is staying in range of 1.0330/0609 for now. Intraday bias remains neutral and further decline is in favor. On the downside, break of 1.0330 will Read more…
Daily Pivots: (S1) 1.2600; (P) 1.2647; (R1) 1.2728; More… GBP/USD is staying in range of 1.2486/2713. Intraday bias remains neutral and further decline is in favor. On the downside, break of 1.2486 will resume the Read more…
Daily Pivots: (S1) 0.8787; (P) 0.8831; (R1) 0.8863; More… USD/CHF is staying in range of 0.8800/8956. Intraday bias remains neutral and further rally is still in favor. On the upside, break of 0.8956 will resume Read more…