Month: December 2022

Daily Pivots: (S1) 136.84; (P) 137.34; (R1) 138.16; More… Break of 137.84 suggests that USD/JPY is resuming the rebound from 133.61. The development also affirms that case of short term bottoming at 133.61. Intraday bias Read more…

Markets European and American stocks parted ways yesterday. The former closed half a percent lower in choppy trading (EuroStoxx50) as investors eye the impact on power markets from this winter’s first real cold snap. Wall Read more…

In November, UK payrolled employees rose 107k or 0.4% mom to 29.9m. That also means a rise of 777k or 2.7% yoy over the 12-month period. Early estimates indicate that median monthly pay rose 8.0% Read more…

European equities traded in the red at the start of the week, but equities in the US rebounded as investors are hanging on to hope of slower inflation and reasonably hawkish Federal Reserve (Fed) by Read more…

Market movers today The market highlight today will be the US CPI for November. We see upside risks to consensus expectations and look for a decline in headline inflation to 7.4% (from 7.7% in October) Read more…

Daily Pivots: (S1) 167.61; (P) 168.32; (R1) 169.50; More… GBP/JPY’s break of 168.99 resistance suggests that rebound from 163.02 is resuming. Intraday bias is back on the upside for retesting 172.11 high. Firm break there Read more…

USD/JPY: The current general bias for USDJPY on the H4 chart is bearish. To add confluence to this, the price is crossing under the Ichimoku cloud which indicates a bearish market. If the bearish momentum Read more…

Daily Pivots: (S1) 144.14; (P) 144.62; (R1) 145.52; More…. Intraday bias in EUR/JPY remains on the upside for the moment. Correction from 148.38 could have completed with three waves down to 140.75. Further rally would Read more…