USD/CHF Daily Outlook
Daily Pivots: (S1) 0.8174; (P) 0.8195; (R1) 0.8217; More…. Range trading continues in USD/CHF and intraday bias stays neutral. Fall from 0.8475 could extend lower, and break of 0.8156 will target 0.8038 low. But strong support should be seen from there to bring rebound, at least on first attempt. On the upside, break of 0.8346 […]
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AUD/USD Daily Report
Daily Pivots: (S1) 0.6481; (P) 0.6510; (R1) 0.6533; More… AUD/USD failed to break through 0.6536 resistance decisively and intraday bias stays neutral. With 0.6406 support intact, further rally is expected. On the upside, firm break of 0.6536 will resume the rally from 0.5913 to 61.8% retracement of 0.6941 to 0.5913 at 0.6548. However, decisive break […]
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France April industrial production -1.4% vs +0.2% expected
- Prior +0.2% (revised to +0.1%)
This article was written by Giuseppe Dellamotta at www.forexlive.com.
ECB’s Simkus: Interest rates are now at neutral
- Interest rates are now at neutral.
- Important to keep full flexibility.
The ECB estimated that the neutral interest rate range for the Eurozone is between 1.75% and 2.25%.
This article was written by Giuseppe Dellamotta at www.forexlive.com.
Trump says Elon Musk went ‘CRAZY,’ suggests cutting government contracts for his companies
ECB’s Kazaks: Markets should not expect cuts at every meeting
- Markets should not expect cuts at every meeting.
- It may well be the case that we pause in July.
- Inflation seen below 2% for some time, we have to remain vigilant.
- Further cuts would be fine-tuning unless we shift out of baseline scenario.
Now that the ECB decision is out of the way, we have all the speakers in full swing.
This article was written by Giuseppe Dellamotta at www.forexlive.com.
Germany April industrial production -1.4% vs -1.0% m/m expected
- Prior +1.1%
- Industrial production y/y xx% vs -0.4% prior
This article was written by Giuseppe Dellamotta at www.forexlive.com.
UK May Halifax house prices -0.4% vs -0.1% m/m expected
- Prior +0.4%
- House prices y/y +2.5% vs +2.9% expected
- Prior +3.2%
This article was written by Giuseppe Dellamotta at www.forexlive.com.