Daily Pivots: (S1) 1.2534; (P) 1.2607; (R1) 1.2647; More… With the strong break of 1.2619 support, USD/CAD’s should have completed a head and should top pattern (ls: 1.2852, h: 1.2963, rs: 1.2812). The development argues Read more…
Overall, Fed Chair Jerome Powell’s renomination hearings seemed to be well received by the markets. US stocks closed broadly higher overnight, followed by rallies in Asian indexes. Yen and Dollar are both under some selling Read more…
In the latest regional Economic Report, BoJ upgraded assessment on all nine regions. All reported that their respective economies “had been picking up or had shown signs of a pick-up, with the impact of the Read more…
WTI crude oil follows broad based risk-on sentiment and closed higher overnight. Rise from 62.90 resumed by breaking through 80.63 temporary top and hits as high as 81.79 so far. Current rally is expected to Read more…
In a speech to regional branch managers, BoJ Governor Haruhiko Kuroda said “Japan’s economy is picking up as a trend, although it remains in a severe state due to the impact of the coronavirus pandemic.” Read more…
US stocks closed generally higher overnight after upbeat comments from Fed Chair Jerome Powell. In the nomination hearing before Senate Banking committee, he said that the current surge in Omicron infections will only have “short-lived” Read more…
DXY: On the H4 timeframe, prices are on bearish momentum and abiding to our bearish trendline. We would expect further bearish continuation to test our 1st support at 95.518 in line with 100% Fibonacci extension Read more…
Federal Reserve Chairman Jerome Powell, testifying at his confirmation hearing on the Hill, soothed markets overnight in a performance worthy of Goldilocks and the Three Bears. Mr Powell noted that the Fed could hike rates Read more…
The latest US inflation data will be published on Wednesday at 13:30 GMT, ahead of the retail sales report on Friday. Consumer prices are expected to have risen at the fastest clip in 40 years, Read more…
Key Highlights AUD/USD started a downside correction from 0.7270. It traded below a key bullish trend line with support near 0.7200 on the 4-hours chart. EUR/USD is still struggling below 1.1380, and GBP/USD is trading Read more…