Month: February 2022

AUDJPY has pushed over the mid-Bollinger band and is confronting the 83.00 handle after gaining some traction from the 200-period simple moving average (SMA). The longer-term horizontal SMAs are endorsing the broader neutral picture, while Read more…

The UK economy added 1% in the fourth quarter last year and is 6.5% higher than a year ago. The annual growth rate is declining as the low base effect fades away. In December, industrial Read more…

Daily Pivots: (S1) 1.1371; (P) 1.1433; (R1) 1.1491; More… Intraday bias in EUR/USD remains neutral at this point. Further rise is still in favor as long as 1.1265 minor support holds. Sustained break of 1.1482 Read more…

Daily Pivots: (S1) 0.9221; (P) 0.9259; (R1) 0.9291; More…. Intraday bias in USD/CHF remains neutral at this point. Further rise will remain mildly in favor as long as 0.9090 support holds. break of 0.9372 will Read more…

Daily Pivots: (S1) 115.54; (P) 115.94; (R1) 116.40; More… Intraday bias stays on the upside and focus remains on 116.34 resistance. Firm break there will resume larger up trend from 102.58. Next target is 118.65 Read more…

Daily Pivots: (S1) 1.3508; (P) 1.3576; (R1) 1.3628; More… GBP/USD is still bounded in range and intraday bias remains neutral. On the upside, break of 1.3642 will resume the rebound to 1.3748 resistance. Firm break Read more…

Sterling rises broadly today after better than expected GDP data, even though upside momentum is weak so far. Dollar is paring some of the post-CPI gains as over sentiment, while weak, seems to be stabilizing. Read more…

NIESR forecast growth of 1.0% in UK GDP in Q1. It said that economic impact of Omicron was “far smaller than” previous two waves. The -0.2% fall in December GDP was also better than consensus Read more…