Month: January 2022

Markets Risk sentiment remains shaky with main European indices losing up to 2%. The EuroStoxx 50 does hold above the lows from the start of the week (4035) and the incoming mild uptrend line / Read more…

A mixed open is expected after mixed PCE , personal income and spending data. Labour costs remain high at 1% but have eased from 1.3%. US futures Dow futures -0.5% at 33850 S&P futures -0.30% Read more…

Personal income rose 0.3% m/m in December, slightly below the consensus forecast for 0.5% m/m. November growth was revised up from 0.4% m/m to 0.5% m/m. Compensation of employees (+0.6% m/m) was the primary driver Read more…

Daily Pivots: (S1) 1.1103; (P) 1.1173; (R1) 1.1214; More… EUR/USD’s decline is still in progress and intraday bias remains on the downside. Larger down trend from 1.238 has just resumed. Deeper fall should be seen Read more…

Daily Pivots: (S1) 1.3337; (P) 1.3403; (R1) 1.3447; More… Intraday bias in GBP/USD remains on the downside, as fall from 1.3748 is still in progress for retesting 1.3158 low first. Break there will resume larger Read more…

Daily Pivots: (S1) 0.9194; (P) 0.9220; (R1) 0.9268; More…. Intraday bias in USD/CHF stays on the upside, as rise from 0.9090 is in progress for retesting 0.9372 resistance first. Firm break there will target 0.9471 Read more…

Daily Pivots: (S1) 114.74; (P) 115.11; (R1) 115.75; More… Intraday bias in USD/JPY stays on the upside as rise from 113.46 is in progress for retesting 116.34 high. Decisive break there will resume larger up Read more…

Daily Pivots: (S1) 0.6998; (P) 0.7060; (R1) 0.7095; More… AUD/USD drops further to as low as 0.6966 so far today and intraday bias remains on the downside. Sustained break of 0.6991/2 support will confirm resumption Read more…

Dollar retreats mildly today after PCE inflation data posted no surprises. While there is some profit taking, the greenback remains the strongest one for the week by some distance. Selling focus has turned from Euro Read more…