Month: February 2022

WTI oil consolidates on Wednesday following a 2.4% drop on Tuesday, after concerns about the disruption of oil supplies on the first wave of US and European sanctions on Russia eased. Also, the signals of Read more…

Markets Bank of England officials, including Haskel, Broadbent, Tenreyro and governor Bailey, appeared before parliament today to brief MP’s on monetary policy. The overall tone was balanced and the key takeaway is that “moderate” rate Read more…

Daily Pivots: (S1) 1.1287; (P) 1.1327; (R1) 1.1366; More… Outlook in EUR/USD is unchanged and intraday bias remains neutral first. On the upside, firm break of 1.1482 will target 38.2% retracement of 1.2348 to 1.1120 Read more…

Daily Pivots: (S1) 1.3548; (P) 1.3577; (R1) 1.3614; More… Intraday bias in GBP/USD remains neutral as range trading continues. On the upside, break of 1.3642 will resume the rebound from 1.3356 to 1.3748 resistance. Firm Read more…

Daily Pivots: (S1) 0.9170; (P) 0.9199; (R1) 0.9246; More…. Intraday bias in USD/CHF remains neutral for the moment and sideway trading could continue. Choppy rise from 0.8925 would still be in favor to extend higher Read more…

Daily Pivots: (S1) 114.63; (P) 114.94; (R1) 115.37; More… Intraday bias in USD/JPY remains neutral for the moment. On the downside, break of 114.49 will resume the decline from 116.33, as the third leg of Read more…