Month: January 2023

The US dollar softened after Fed policymakers cheered the news of easing inflation. On the daily chart, the pair has remained under pressure after a tentative break below last April’s low of 0.9200. The current Read more…

Daily Pivots: (S1) 155.38; (P) 156.74; (R1) 157.83; More… Intraday bias in GBP/JPY remains on the downside for 155.33 support. Firm break there will resume whole decline from 172.11 to 153.70 fibonacci level. On the Read more…

Daily Pivots: (S1) 137.55; (P) 138.97; (R1) 139.94; More…. Intraday bias in EUR/JPY stays on the downside for retesting 137.37 support first. Break there will resume whole decline from 148.38 to 135.40 fibonacci level next. Read more…

Daily Pivots: (S1) 0.8838; (P) 0.8867; (R1) 0.8883; More… Intraday bias in EUR/GBP remains neutral for consolidation below 0.8896 temporary top. But further rally is expected as long as 0.8768 support holds. On the upside, Read more…

Daily Pivots: (S1) 1.5494; (P) 1.5551; (R1) 1.5588; More… Intraday bias in EUR/AUD remains neutral at this point. Another fall cannot be ruled out, but strong support could be seen from 38.2% retracement of 1.4281 Read more…

Daily Pivots: (S1) 1.0004; (P) 1.0050; (R1) 1.0081; More…. Intraday bias in EUR/CHF remains neutral for consolidation below 1.0095 temporary top. Downside of retreat should be contained by 0.9953 resistance turned support to bring another Read more…

USD/JPY falters over Japan’s rising inflation The Japanese yen extended gains as accelerating inflation may pressure the BoJ to act soon. One of the major themes of 2023 could be Japan finally normalising its monetary Read more…

Markets The core bond yield slide finally halted on Friday, with some help of the technical charts. The US 10y yield (+6.1 bps) for example touched and then rebounded off 3.42% which marks both the Read more…

Earnings season kicked off last Friday when the big US banks reported their Q4 results. The results were mixed. JP Morgan warned of a “modest deterioration” in the macroeconomic outlook, Bank of America reported a Read more…