Month: March 2022

Consumer price inflation accelerated to 5.7% year-on-year (y/y) in February, up from 5.1% in January, ahead of the consensus forecast for 5.5% and the highest rate in over 30 years. Energy price growth accelerated to Read more…

US stocks are pointing to a strong open as hope of a truce in Ukraine grow, as Beijing pledges more support to the economy and ahead of the Fed rate decision. US futures Dow futures Read more…

Dollar remains sluggish ahead of crucial FOMC decision The US dollar is extending yesterday’s retreat despite the minor uptick in US Treasury yields, while attention is now shifting to the outcome of the Fed’s monetary Read more…

Daily Pivots: (S1) 1.0914; (P) 1.0967; (R1) 1.1008; More… Intraday bias in EUR/USD remains neutral as range trading continues. Further decline is still expected with 1.1120 support turned resistance intact. On the downside, firm break Read more…

Daily Pivots: (S1) 1.2998; (P) 1.3044; (R1) 1.3087; More… GBP/USD is staying in consolidation from 1.2999 and intraday bias remains neutral. Further decline is expected as long as 1.3193 resistance holds. On the downside, below Read more…

Daily Pivots: (S1) 117.86; (P) 118.15; (R1) 118.59; More… USD/JPY is staying in consolidation below 118.44 temporary top and intraday bias remains neutral. In case of deeper retreat, downside should be contained above 116.34 resistance Read more…

Daily Pivots: (S1) 0.9380; (P) 0.9406; (R1) 0.9438; More…. Intraday bias in USD/CHF remains neutral for consolidation below 0.9430. Downside of retreat should be contained above 0.9305 resistance turned support to bring another rally. On Read more…

Canadian Dollar surges broadly in early US session after stronger than expected consumer inflation reading, which solidifies the case for more tightening from BoC. Though, as for today, Aussie is still the strongest, as helped Read more…