Daily Pivots: (S1) 0.7158; (P) 0.7182; (R1) 0.7219; More… AUD/USD is still staying in range below 0.7247 and intraday bias remains neutral for the moment. Further rise would remain mildly in favor as long as Read more…
Australian Dollar rises mildly in Asian session, together with New Zealand Dollar. But both were hammed down after a Russian media reported that Ukraine forces opened fire on four settlements of the LPR. Overall market Read more…
Australia employment grew 12.9k in January, better than expectation of 0k. Full-time jobs dropped -17k but part-time jobs rose 30k. Unemployment rate was unchanged at 4.2%, but participation rate rose 0.1% to 66.2%. Monthly hours Read more…
Japan exports rose 9.6% yoy to JPY 6332B in January. Imports surged 39.6% yoy to record JPY 8523B. Trade balance came in as JPY -2191B deficit, largest single month deficit since January 2014. Exports to Read more…
Minneapolis Fed President Neel Kashkari said yesterday that it’s “appropriate” to start normalizing policy. However, he cautioned “let’s not overdo it”. “If we raise rates really aggressively, we run the risk of slamming the brakes Read more…
The minutes of the January FOMC meeting contained little surprises. Fed acknowledged that ” recent inflation readings had continued to significantly exceed the Committee’s longer-run goal and elevated inflation was persisting longer than they had Read more…
Key Highlights AUD/USD is facing a strong resistance near 0.7250 and 0.7280. A key bullish trend line is forming with support near 0.7140 on the 4-hours chart. EUR/USD might gain momentum if it settles above Read more…
Omicron hit to hours worked but not so significant for employment. Total employment: 12.9k from 64.8k (unrevised from 64.8k) Unemployment rate: 4.2% from 4.2% (unrevised 4.2%) Participation rate: 66.2% from 66.1% (unrevised 66.1%) January was Read more…
USD/CAD has been trading in a range since January 27th between 1.2636 and 1.2797, roughly 160 pips. That’s nice for traders who like to range-trade. However, there are several reasons that the pair should be Read more…
There were no “bombshells”; the central bank’s intentions as of its January meeting were the same as traders had expected and priced in. Gold is nonetheless well-positioned to rally as it tests 1870 resistance… It’s Read more…