Daily Pivots: (S1) 0.8597; (P) 0.8637; (R1) 0.8686; More… EUR/GBP recovered after hitting 0.8570 support and intraday bias is back on the upside for stronger recovery. But overall outlook will remain bearish as long as Read more…
Daily Pivots: (S1) 1.5430; (P) 1.5538; (R1) 1.5654; More… EUR/AUD spiked higher to 1.5643, but failed to break through 1.5647 resistance and retreated. Intraday bias remains neutral first, and overall outlook is unchanged. In case Read more…
Daily Pivots: (S1) 0.9772; (P) 0.9832; (R1) 0.9872; More…. EUR/CHF is still extending the corrective pattern from 0.9953 and intraday bias stays neutral. On the upside, firm break of 0.9953 resistance will resume larger rally Read more…
The week started with a selloff across global equities. Unrest in China due to protests against the Covid zero policy combined with the Federal Reserve (Fed) members’ hawkish comments led to an early week selloff Read more…
Asian Indices: Australia’s ASX 200 index rose by 15.8 points (0.22%) and currently trades at 7,244.90 Japan’s Nikkei 225 index has fallen by -155.3 points (-0.55%) and currently trades at 28,007.53 Hong Kong’s Hang Seng Read more…
Market movers today The Chinese National Health Commission will host a briefing at 3pm Beijing time (08:00 am CET). However, they regularly hold briefings and they do not include senior political officials, which would be expected if Read more…
USD/JPY: The current general bias for USDJPY on the H4 chart is bearish. To add confluence to this, the price is under the Ichimoku cloud which indicates a bearish market. If the bearish momentum continues, Read more…
In the November Monetary Policy Statement, RBNZ projected that interest rate would peak at 5.5% while the economy would start contracting in Q2 2023 until Q1 2024. NZIER said it expected the negative impact of Read more…
Richmond Fed President Thomas Barkin said in an interview yesterday, “I’m very supportive of a (tightening) path that is slower, probably longer and potentially higher than where we were before.” “It is helpful to be Read more…
New York Fed President John Williams said yesterday, “Inflation is far too high, and persistently high inflation undermines the ability of our economy to perform at its full potential… There is still more work to Read more…