Pivot Points

EUR/USD remains pressured towards 1.2100 amid a broadly firmer US dollar. Trading sentiment dwindles amid mixed updates, light calendar and pre-US CPI caution. S&P 500 Futures drop 0.1%, US Treasury yields seesaw near previous day’s close.

GBP/USD snaps a three-day winning streak, consolidates gains near the 11-week top above 1.41. UK warns over NI post-Brexit trade deal, French-British tension ease in Jersey waters. UK Q1 GDP is expected to contract, US CPI may keep reflation fears on the table.

EUR/USD remains pressured towards 1.2100 amid a broadly firmer US dollar. Trading sentiment dwindles amid mixed updates, light calendar and pre-US CPI caution. S&P 500 Futures drop 0.1%, US Treasury yields seesaw near previous day’s close.

Dogecoin price corrected over 40% from the May 8 high, but outstanding support at the April high keeps bullish aspirations focused on $1.00. Daily RSI shows a bearish momentum divergence. IntoTheBlock IOMAP metric shows considerable support just above the April high.

American consumer prices are set to rise by the most in a decade as the base effect from last year’s pandemic collapse reaches its height. The Consumer Price Index (CPI) is expected to climb 0.2% in April, according to the consensus forecast from the Reuters survey of economists.