Daily Pivots: (S1) 0.8277; (P) 0.8288; (R1) 0.8302; More… Intraday bias in EUR/GBP remains on the downside. Sustained break of 0.8276 long term support will carry larger bearish implications. Next near term target is 100% Read more…
Daily Pivots: (S1) 1.0125; (P) 1.0183; (R1) 1.0211; More…. EUR/CHF drops further to as low as 1.0115 so far and intraday bias remains on the downside. Current fall is part of the down trend from Read more…
Markets sentiment took another dive on reports of Russia’s attack on a nuclear complex in Ukraine. Euro is extending recent decline, together will steep selloff in Asian stocks. Meanwhile, Australian Dollar is solidifying upside momentum, Read more…
DXY: On the weekly, prices are on bullish momentum. We see potential for prices to dip from our 1st resistance at 98.675 in line with 127.2% Fibonacci extension towards our 1st support at 97.410 in Read more…
Australia retail sales rose 1.8% mom to AUD 32.49B in January. Comparing to the same month a year ago, sales rose 6.4% yoy. “The emergence of the Omicron variant and rising COVID-19 case numbers, combined Read more…
New Zealand ANZ-Roy Morgan consumer confidence dropped -16 pts to 81.7 in February, hitting a record low since data began in 2004. Inflation expectations were little changed at 5.6% while house price inflation expectations eased Read more…
New York Fed President John Williams said the higher oil prices stemming from Russia invasion of Ukraine may act like a “tax” on American consumers. But, “the economy is coming into this with a lot Read more…
BoC Governor Tiff Macklem said in a speech yesterday, “tighter monetary policy is necessary to lower the parts of inflation that are driven by domestic demand. And that is critical to bringing price increases back in Read more…
Key Highlights USD/JPY is showing positive signs above 115.20. A key bullish trend line is forming with support at 115.20 on the 4-hours chart. EUR/USD extended decline and traded below 1.1080. The US nonfarm payrolls Read more…
Key insights from the week that was. Australia received a run of robust data this week as global markets remained focused on the terrible developments in Ukraine and their global repercussions. The prime data release Read more…