Author: Omada Admin
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DAX40 and FTSE100 Outperform the S&P500, Rejecting Economists’ Pessimism
Tariff wars have increased the legitimacy of stimulus measures in Europe and Asia. Since the start of the year, the ECB and Bank of England have been aggressively cutting rates against the Fed’s continued rate hikes. The People’s Bank of China made a small, 0.1 percentage point cut on Tuesday morning. Earlier this year, Germany…
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AUD/USD: Drops After RBA Rate Cut But Remains Within Broader Consolidation Range
AUDUSD fell on Tuesday after the Reserve Bank of Australia cut interest rate by 25 basis points, in a widely expected decision. Fresh weakness has fully reversed Monday advance and heading into the lower part of the recent 0.6350/0.6500 congestion, as the pair holds within a broader range in extended consolidation under new 2025 high…
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Canada’s Inflation Eases, Canadian Dollar Edges Lower
The Canadian dollar continues to have a quiet week. In the North American session, USD/CAD is trading at 1.3920, down 0.21% on the day. Canadian CPI eases to 1.7%, core CPI higher Canada released the April inflation report, which indicated that headline and core inflation were moving in opposite directions. Headline CPI dropped sharply to…
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Sunset Market Commentary
Markets All eyes were on Japan. A flopped 20-yr bond auction pushed long-term Japanese bond yields through the roof and immediately raised the stakes for next week’s 40-yr sale. Japan’s fiscal position is a very weak one with its prime minister yesterday calling it even worse than Greece’s. Its huge debt pile is already around…
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Australian Dollar Slides after RBA’s Dovish Rate Cut
The Australian dollar has posted sharp losses on Tuesday, following the Reserve Bank’s decision to lower interest rates. Early in the North American session, AUD/USD is trading at 0.6395, down 0.95% on the day. RBA lowers rates to 3.85% The Reserve Bank of Australia has lowered its cash rate from 4.15% to 3.85%. The decision…
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GBP/USD Mid-Day Outlook
Daily Pivots: (S1) 1.3283; (P) 1.3344; (R1) 1.3421; More… Intraday bias in GBP/USD stays mildly on the upside for the moment. Decisive break of 1.3433/42 key resistance zone will confirm larger up trend resumption. On the downside, though, below 1.3249 support will extend the corrective pattern from 1.3442 with another falling leg. In the bigger…
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USD/CHF Mid-Day Outlook
Daily Pivots: (S1) 0.8318; (P) 0.8349; (R1) 0.8378; More…. USD/CHF breached 0.8323 support but failed to sustain below. Intraday bias stays neutral first. On the downside, firm break of 0.8323 support will argue that corrective rebound from 0.8038 has completed at 0.8475, after rejection by 38.2% retracement of 0.9200 to 0.8038 at 0.8482. Intraday bias…
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USD/JPY Mid-Day Outlook
Daily Pivots: (S1) 144.52; (P) 145.00; (R1) 145.33; More… Intraday bias in USD/JPY stays neutral at this point. Further rally is in favor as long as 144.02 support holds. Above 146.08 minor resistance will target 148.64 first. Firm break there will resume the rally from 139.87 to 61.8% retracement of 158.86 to 139.87 at 151.60…
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Canada: Falling Gas Prices Mask an Acceleration in Underlying Inflation
Headline CPI inflation for April came in at 1.7% year-on-year (y/y), down from 2.3% y/y in March but above expectations for a 1.6% y/y print. The deceleration was due to gasoline prices tumbling 18.1% y/y as the consumer carbon price was removed. Also notable was the bounce-back in travel tour prices, which rose 6.7% y/y…
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EUR/USD Mid-Day Outlook
Daily Pivots: (S1) 1.1180; (P) 1.1234; (R1) 1.1296; More… Range trading continues in EUR/USD and intraday bias remains neutral. On the upside, decisive break of 1.1292 resistance should indicate that correction from 1.1572 has already completed after defending 38.2% retracement of 1.0176 to 1.1572 at 1.1039. Intraday bias will be turned back to the upside…