Month: January 2023

The Dow Jones 30 slips as the market awaits the Fed’s policy guidance. The rally came under pressure in the supply zone around 34100, right under the previous swing high of 34360. A combination of Read more…

Silver awaits breakout as traders are eyeing the Fed’s policy meeting. On the daily chart, the precious metal is still grinding the support-turned-resistance of 24.50 from last April. Last week’s recovery saw the topping candle Read more…

The Japanese yen finds limited support from a rise in the December retail trade number. On the daily chart, last May’s low of 126.50 and the 20-day moving average (131.10) are compressing the price range Read more…

Markets Spanish (headline) inflation unexpectedly ended a 5-month run of decline (5.8% Y/Y from 5.7% Y/Y) while core inflation accelerated to a new high (7.5% Y/Y from 7% Y/Y). Belgian fell from 10.35% Y/Y to Read more…

Stock investors kicked off the week on a cautious note, as the Federal Reserve (Fed) is expected to kill joy when it announced its latest decision tomorrow, and earnings announcements may not save the day. Read more…

Market movers today After the upside surprise in Spanish inflation figures yesterday, the focus turns towards the preliminary inflation data from France today. Please note, that the release of German CPI, which was also originally Read more…

Daily Pivots: (S1) 0.7034; (P) 0.7077; (R1) 0.7103; More… AUD/USD’s break of 0.7061 minor support suggests short term topping at 0.7141, ahead of 61.8% projection of 0.6169 to 0.6892 from 0.6721 at 0.7168. Intraday bias Read more…

Yen and Dollar are both in recovery mode in Asian session, as investor continued to turn cautious ahead of the three central bank meetings of Fed, BoE and ECB later in the week. Asian markets Read more…