Daily Pivots: (S1) 154.35; (P) 154.76; (R1) 155.37; More… Intraday bias in GBP/JPY remains neutral and further decline is expected with 155.48 resistance intact. Fall from 158.04 is seen as the third leg of the Read more…
Daily Pivots: (S1) 129.21; (P) 129.75; (R1) 130.77; More…. EUR/JPY dropped sharply after failing to sustain above 4 hour 55 EMA and drops sharply today. On the downside, break of 127.90 will resume the decline Read more…
Sentiment in the markets sinks again after Russian President Vladimir Putin put Russia’s nuclear deterrent on high alert on Sunday, in response to unprecedented sanctions by the West, including blocking Russian banks from SWIFT. Meanwhile, Read more…
New Zealand ANZ business confidence dropped to -51.8 in February, down from December’s -23.2. Own activity outlook dropped from 11.8 to -2.2. Export intentions dropped from 8.8 to 0.9. Investment intentions dropped from 11.4 to Read more…
Australia retail sales rose 1.8% mom in January, above expectation of 0.4% mom. Director of Quarterly Economy Wide Statistics, Ben James said: “The emergence of the Omicron variant and rising COVID-19 case numbers, combined with Read more…
Japan industrial production dropped -1.3% mom in January, worse than expectation of -0.7% mom. Output declined for the second month, after the -1.0% mom contraction in December. Production of cars and other motor parts slumped Read more…
DXY: On the H4 timeframe, prices are on bullish momentum and abiding to an daily ascending trendline. We see the potential for bearish dip from our 1st resistance at 97.250 in line with 78.6% Fibonacci Read more…
Key Highlights EUR/USD struggled to stay above 1.1300 and started a fresh decline. A key bearish trend line is forming with resistance near 1.1280 on the 4-hours chart. GBP/USD gained bearish momentum below the 1.3400 Read more…
Headlines remained fast moving over the weekend, which has seen Russia removed from SWIFT, put their nuclear team on high alert and Ukraine agree to talk with Russia. Friday US cash market close: The Dow Read more…