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Germany’s Ifo Business Climate index edged higher from 85.3 to 86.7 in March, While the rise was slightly below market expectations of 87.0, the improvement was broad-based across sectors. Current Assessment Index ticked up from 85.0 to 85.7, above expectations […]

Daily Pivots: (S1) 193.26; (P) 194.02; (R1) 195.51; More… Intraday bias in GBP/JPY stays neutral at this point. On the upside, above 194.89 will resume the rebound from 187.04 towards 198.94 resistance. On the downside, break of 190.71 will bring

UK delivered a mixed set of PMI readings in March, with services providing a welcome surprise as the index rose from 51.0 to 53.2, a 7-month high. PMI Composite also improved from 50.5 to 52.0, suggesting modest expansion. However, the

Daily Pivots: (S1) 1.4322; (P) 1.4348; (R1) 1.4381; More… Intraday bias in USD/CAD remains neutral for the moment as range trading continues. Overall, price actions from 1.4791 are seen as a corrective pattern. On the upside, break of 1.4541 will

BoJ Governor Kazuo Ueda told parliament today that the central bank remains committed to raise interest rate if underlying inflation is deemed to be approaching its 2% target. He emphasized that BoJ’s objectives remain squarely focused on price stability, and

Japan’s private sector saw a sharp loss in momentum at the end of Q1, with PMI Composite falling from 52.0 to 48.5, marking the first contraction in five months. PMI Manufacturing dropped from 49.0 to 48.3, its lowest in a

Australia’s PMI Manufacturing surged to 52.6 from 50.4—marking a 29-month high—while PMI Services ticked up to 51.2 from 50.8. PMI Composite , which combines both sectors, rose to a 7-month high at 51.3. Jingyi Pan of S&P Global Market Intelligence

EUR/CHF continued to struggle below long term falling channel resistance last week. Initial bias stays neutral this week for more consolidation below 0.9660. But after all, further rally is expected as long as 0.9489 support holds. Break of 0.9660 will

EUR/AUD stayed in consolidation below 1.7417 last week and outlook is unchanged. Initial bias remains neutral first. Downside of retreat should be contained by 0.6990 support to bring rebound. On the upside, break of 1.7417 will resume rise from 1.6335

EUR/JPY edged higher to 164.16 last week but quickly retreated again. Initial bias stays neutral this week for consolidations. Further rally remains in favor as long as 160.02 support holds. Above 164.16 will target 164.89 and then 166.67. On the