Diverging PMIs as US Shows Resilience, Euro Area Falters
In focus today Today brings the first euro area wage growth data for 2026, with the ECB’s negotiated wages indicator for Q1. We expect wage growth to remain at 2.9%…
Canada: Retail Sales Rise in March, but Higher Prices Eat into Volumes
Retail sales rose 0.9% month-on-month (m/m) in March, ahead of the 0.6% gain reported in the advanced estimate. In volume terms, sales declined 0.7% m/m, showing higher prices eating into…
The GBPUSD coils and awaits the next break and run
The GBPUSD remains trapped in a very narrow trading range today, with the high reaching 1.3438 and the low extending to 1.3414 — a range of just 24 pips. That…
Oil: Private inventory survey shows a headline crude oil draw much greater than expected
Huge draw ...Expectations I had seen centred on: Headline crude -3.4 mn barrelsDistillates -1.3 mn bblsGasoline -2.1 mn--- Crude markets navigated a choppy session before settling broadly flat on Tuesday,…
AUD/USD Price Forecast: Stuck between key SMAs as RSI turns bearish
The AUD/USD pair edges lower during the North American session on Friday, poised to remain sideways within key technical support and resistance levels, with the 20-day Simple Moving Average (SMA)…
Singapore Dollar: Mild bullish against US Dollar within tight range – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann expect USD/SGD to edge lower intraday toward 1.2760, though a sustained break is seen as unlikely, with major support…
USDCHF trades new lows for the week but also near key 100 day MA support
The USDCHF traded to the low for the week on Monday, testing both the May 15 low and the 100-day moving average, where dip buyers stepped in despite a brief…
USD/JPY: Second Consecutive Week Closes Higher
USD/JPY rose to 159.04 at the end of the week, marking the yen’s second consecutive weekly decline. The Japanese currency came under pressure after weaker inflation data reduced expectations of…
Sunset Market Commentary – ActionForex
Markets Global bond markets are closing the week with some more gains. The common factor underpinning the move is hope on progress in the US-Iranian talks. The water is still…
Energy firms boost rig count for fifth straight week
Energy firms boost rig count for fifth straight week Source link
