Month: March 2022

Daily Pivots: (S1) 1.4774; (P) 1.4827; (R1) 1.4911; More… EUR/AUD’s recovery from 1.4533 is still in progress and intraday bias stays mildly on the upside. But still, it’s seen as in the third leg of Read more…

Daily Pivots: (S1) 0.8465; (P) 0.8482; (R1) 0.8512; More… EUR/GBP’s rise from 0.8201 extends higher today. The break of 0.8476 structural resistance should confirm medium term bottoming at 0.8201, with a head and shoulder bottom Read more…

Euro’s rebound made some progress overnight even though momentum was still weak. The common is nevertheless firm in Asian session. Dollar is also strengthening up slightly, together with Sterling and Swiss Franc. Yen is consolidating Read more…

China official PMI manufacturing dropped from 50.2 to 49.5 in March, below expectation of 50.0. PMI non-manufacturing dropped from 51.6 to 48.4, below expectation of 50.7. Both indexes were below 50 level together for the Read more…

Japan industrial production rose 0.1% mom in February, below expectation of 0.5% mom. That’s nonetheless the first rise in three months. index of production stood at 95.8, against the 2015 base of 100. Auto production Read more…

Kansas City Fed President Esther George said yesterday, “it is clear that removing accommodation is required. How much and how aggressively accommodation should be removed is far more uncertain.” “Given the state of the economy, Read more…

Richmond Fed President Thomas Barkin told Bloomberg TV yesterday he’s looking at both a 25bps and a 50bps rate hike at the May FOMC meeting. “I think the question — and we will make this Read more…

DXY: On the H1 timeframe, prices are approaching a pivot. We see the potential for a bounce from our 1st support at 97.713 in line with 161.8% Fibonacci Projection% towards our 1st resistance at 98.026 Read more…

Key Highlights Crude oil price stayed above the $100 support zone. A key bearish trend line is forming with resistance near 112.50 on the 4-hours chart. Gold price must clear $1,940 and $1,950 to gain Read more…

Short Term outlook in NZDUSD suggests rally from March 15, 2022 low is unfolding as a zigzag Elliott Wave structure. Up from March 15 low, wave ((i)) ended at 0.679 and dips in wave ((ii)) Read more…