Month: February 2022

Gold drifts lower on signs of de-escalation in Ukraine. A break above last November’s high at 1875 may have put the precious metal back on track. However, the rally ran out of steam in the Read more…

The sterling holds well as Britain’s wage growth beats expectations in December. The current rebound came under pressure in the supply zone around 1.3660 which was the origin of a sharp drop in late January. Read more…

The US dollar retreats as the Fed’s half-point hike in March remains uncertain. The euro’s break above the daily resistance at 1.1480 boosted buyers’ confidence after a sell-off in January. It bounced off 1.1280 at Read more…

Markets News on the geopolitical front trumped second tier data as the dominant trading factor yesterday. Russian president Putin indicated he is still open for a diplomatic solution. He announced several thousands of troops that Read more…

Investors loved the sound of peace and the risk appetite came back yesterday as Russians started pulling a part of their troops back from the Ukrainian border. Although, news of a cyber-attack on some Ukrainian Read more…

UK CPI rose further from 5.4% yoy to 5.5% yoy in January, matched expectations. That’s the highest level in the National Statistics series since January 1997. It was last higher in the historical modelled series Read more…

Daily Pivots: (S1) 156.09; (P) 156.45; (R1) 156.94; More… Intraday bias in GBP/JPY remains neutral and outlook is unchanged. On the downside, break of 155.11 resistance should confirm rejection by 158.19 resistance. Intraday bias will Read more…

Daily Pivots: (S1) 130.66; (P) 131.10; (R1) 131.76; More…. Intraday bias in EUR/JPY is turned neutral with current recovery. On the downside, break of 130.03 will resume the decline from 133.13, as another falling leg of Read more…

Daily Pivots: (S1) 0.8359; (P) 0.8380; (R1) 0.8408; More… Intraday bias in EUR/GBP is turned neutral with current recovery. On the downside, below 0.8344 minor support will bring retest of 0.8282 low. . Sustained break Read more…

Daily Pivots: (S1) 1.5840; (P) 1.5886; (R1) 1.5927; More… Intraday bias in EUR/AUD remains neutral and outlook is unchanged. As long as 1.5776 support holds, further rise remains mildly in favor. Above 1.6002 will turn Read more…