Daily Pivots: (S1) 1.0248; (P) 1.0314; (R1) 1.0352; More…. EUR/CHF’s breach of 1.0277 suggests resumption of recent decline and intraday bias is back on the downside. Sustained trading below 1.0298 will extend larger down trend Read more…
Overall, the financial markets are steady in Asian session today. Russian invasion of Ukraine continues after the talks between two leaders yielded no breakthrough. Ukraine is holding on defending while isolation of Russia from the Read more…
China Caixin PMI Manufacturing rose from 49.1 to 50.4 in February, above expectation of 49.5. Caixin said output returned to growth amid quickest rate in new work for eight months. Pandemic continued to weigh on Read more…
Japan PMI Manufacturing was finalized at 52.7 in February, down from January’s 55.4. Markit said there was renewed fall in output amid near-stagnation in new orders. Input prices rose at sharpest pace since August 2008. Read more…
Australia AiG Performance of Manufacturing Index rose 4.8 pts to 53.2 in February. Production rose 2.7 to 54.6. Employment dropped -1.9 to 43.5. Average wages rose 1.4 to 64.9. Input prices dropped -6.7 to 75.6. Read more…
RBA left cash rate target unchanged at 0.10% as widely expected. The board maintained that it “will not increase the cash rate until actual inflation is sustainably within the 2 to 3 per cent target range.”. For now, Read more…
At its meeting today, the Board decided to maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances at zero per cent. The global economy is continuing to Read more…
DXY: On the H4 timeframe, prices are on bullish momentum and abiding to a new ascending trendline. We see the potential for bullish bounce from our 1st support at 96.717 in line with 61.8% Fibonacci Read more…
Key Highlights GBP/USD is attempting a recovery wave from the 1.3275 zone. It surpassed a connecting bearish trend line at 1.3370 on the 4-hours chart. EUR/USD could struggle if it stays below the 1.1280 resistance. Read more…
On Wednesday, the Bank of Canada meets and US Fed Chairman Powell testifies in front of Congress. This could add some volatility to the pair! This week, US Fed Chairman Powell will give his semiannual Read more…