Month: January 2023

The Japanese yen rallied on rumours that the BOJ would review the side effects of its monetary easing. The pair turned south after it failed to lift offers at the daily resistance 142.85. A drop Read more…

The US dollar struggles as a slowing CPI foreshadows a dovish Fed. On the daily chart, the upward bias has remained intact after the kiwi bounced off 0.6190. The price then consolidated its gains after Read more…

The Euro started a fresh increase from the 1.0730 zone against the US Dollar. The EUR/USD pair gained pace above the 1.0750 to move into a positive zone. The pair even traded above the 1.0800 Read more…

ECB Governing Council member Martins Kazaks pushed back on talks that the central bank would cut interest rates by the end of this year. He said he failed to see a “rationale” for that. “It Read more…

Markets US December CPI was bang in line, coming in at 6.5% y/y (-0.1% m/m) in terms of headline and 5.7% (0.3% m/m) in the core gauge. Markets cheered as inflation momentum continued to slow Read more…

Daily Pivots: (S1) 141.95; (P) 142.40; (R1) 142.99; More…. Break of 140.15 minor support suggests that rebound from 137.37 has completed at 142.84. Rejection by 142.92 resistance indicates that larger decline from 148.38 is still Read more…

Daily Pivots: (S1) 0.8846; (P) 0.8871; (R1) 0.8908; More… EUR/GBP’s rally from 0.8545 finally resumed by breaking through 0.8876 resistance. Intraday bias is back on the upside for further rally to 61.8% projection of 0.8545 Read more…

Daily Pivots: (S1) 1.5509; (P) 1.5564; (R1) 1.5627; More… Intraday bias in EUR/AUD stays neutral and outlook is unchanged. While further fall cannot be ruled out, strong support could be seen from 38.2% retracement of Read more…

Daily Pivots: (S1) 1.0024; (P) 1.0052; (R1) 1.0093; More…. EUR/CHF rally is still accelerating and hits as high as 1.0095 so far today. Further rally should be seen to 100% projection of 0.9407 to 0.9953 Read more…