The sterling finds support from upbeat readings in the UK’s CPI and retail sales. The rally came under pressure in the supply zone around 1.2600. A retreat below 1.2500 has shaken out some weak hands Read more…
The Canadian dollar rose after January’s CPI exceeded expectations. The recent triple top near 1.2800 at the origin of the January sell-off is a sign of strong bearish pressure. A combination of profit-taking and new Read more…
EUR/USD Trading remains limited below the psychological level of 1.1400 as the bulls still cannot gain enough momentum to violate this zone. The expectations for today’s trading session are for the bears to re-enter the Read more…
The US dollar was little changed in the overnight session after the latest US retail sales numbers and the Federal Reserve minutes. According to the country’s statistics agency, retail sales jumped by 3.8% in January Read more…
Markets FOMC Minutes offered little additional flavour to what’s commonly known. The Fed will implement a first rate hike soon and participants agreed that “if inflation does not move down as they expect, it would Read more…
Good mood didn’t last long as the US didn’t let the tensions de-escalate insisting that Russia is certainly not pulling back its troops but is rather increasing its presence at the Ukrainian border. The US Read more…
Market movers today The Ukraine-Russia situation continues to be a market focus, especially the mobilisation of Russian forces near the Ukrainian border, and the social media reports of skirmish on the Ukrainian border overnight, but Read more…
DXY: On the H4 timeframe, prices are abiding by a daily ascending trendline and are on bullish momentum. We see the potential for a bounce from our 1st support at 95.720 in line with 61.8% Read more…
Daily Pivots: (S1) 156.09; (P) 156.45; (R1) 156.94; More… Outlook in GBP/JPY is unchanged and intraday bias stays neutral. On the downside, break of 155.11 resistance should confirm rejection by 158.19 resistance. Intraday bias will Read more…
Daily Pivots: (S1) 130.98; (P) 131.44; (R1) 131.78; More…. Intraday bias in EUR/JPY is turned neutral first with current recovery. Outlook is unchanged that corrective pattern from 134.11 is extending with another falling leg. Break Read more…