Daily Pivots: (S1) 0.7120; (P) 0.7134; (R1) 0.7160; More… Intraday bias in AUD/USD remains neutral first. On the upside, break of 0.7167 will resume the rebound from 0.6966 and target 0.7313 resistance. Decisive break there Read more…
Australian Dollar rises further again with help from risk-on sentiments in the US and Asia. On the other hand, Dollar turns soft despite rising treasury yields. Canadian Dollar is dragged down slightly by oil prices. Read more…
Australia Westpac-Melbourne Institute consumer sentiment dropped -1.3% to 100.8 in February, down from 102.2. The “economy, next 12 months” sub-index increased by 2.4% and the “economy, next 5 years” sub-index was up by 1.5%. However, Read more…
San Francisco Fed President Mary Daly told CNN yesterday that “we could have it (inflation) be worse before it gets better but it is definitely going to get better. She didn’t expect inflation to fall back Read more…
ECB Governing Council member Francois Villeroy de Galhau said market reactions to the central bank’s recent comments were “very high and too high in recent days.” He told the French National Assembly that ECB has Read more…
Key Highlights Gold price is gaining pace above the $1,810 and $1,812 resistance levels. A connecting bullish trend line is forming with support near $1,807 on the 4-hours chart. EUR/USD started a downside correction from Read more…
The US releases CPI on Thursday morning. After a surge to 7% YoY for December, CPI is expected to have increase to 7.3% YoY in January. In addition, the January Core CPI, which excludes food Read more…
After an extremely active economic calendar last week, highlighted by major earnings reports, central bank meetings, and jobs reports, this week is decidedly quieter on the data front. Accordingly, it’s not surprising to see most Read more…
If Russian/Ukraine tensions escalate, or if OPEC+ can’t keep up with their quotas, price may increase once again. Russia helps to makeup the “+” side of OPEC+. Therefore, Russia is a key player in the Read more…
Interestingly, gold investors continued to ignore rising yields – and the dollar. The yellow precious metal broke to a fresh weekly high above $1825, even as the 10-year yield closed in on the 2.000% level. Read more…