FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Major Pair levels and bias summary 
FxWirePro- Major European Indices 
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116 
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook 
FxWirePro: GBP/AUD moves lower on weak UK data 
FxWirePro- Woodies Pivot(Major) 
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains 
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 
FxWirePro:EUR/AUD eases but bullish outlook persists 
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed 
Ichimoku analysis (4-hour chart)
Tenken-Sen- 1.09742
Kijun-Sen- 1.09973
EURUSD lost its shine despite weak US inflation data. CPI declined to 4.9% YoY compared to a forecast of 5%. On a monthly basis, CPI and Core CPI rose 0.40% in line with estimates. is trading well below 1.1000 ahead of US CPI data. The dovish comments from ECB policymaker Nagel also put pressure on Euro at higher levels. The pair hits an intraday low of 1.09500 and currently trading around 1.09581.
Major economic data for the day
May 11th, 2023 BOE Monetary policy (11 am GMT)
US PPI (12:30 pm GMT)
Unemployment benefits (12:30 pm)
According to the CME Fed watch tool, the probability of a no-rate hike in June increased to 91.50% from 77.10% a week ago.
The US 10-year yield pared some of its gains after US CPI. The US 10 and 2-year spread narrowed to -49.50% from -108%.
The pair trades below short-term 21 EMA, 55 EMA, and above long-term (200-EMA) in the 4-hour chart. Any indicative break below 1.0930 confirms intraday bearishness; a dip to jump to 1.1070/1.1100 is possible. The near-term support is around 1.0930. The breach below targets 1.0900/1.08300.
Indicator (4-hour chart)
CCI – Bearish
Directional movement index – Bearish
It is good to sell on rallies around 1.0968-70 with SL around 1.1010 for a TP of 1.0830.
