Daily Pivots: (S1) 1.3328; (P) 1.3388; (R1) 1.3431; More…. Intraday bias in USD/CAD is back on the downside with breach of 1.3355 support. Further decline might be seen but downside should be contained above 1.3224 Read more…
Daily Pivots: (S1) 0.6906; (P) 0.6945; (R1) 0.7007; More… Intraday bias in AUD/USD stays on the upside for the moment. Current rally from 0.6169 is in progress to 61.8% projection of 0.6169 to 0.6892 from Read more…
Daily Pivots: (S1) 1.0766; (P) 1.0816; (R1) 1.0902; More… Intraday bias in EUR/USD remains on the upside at this point. Current rise from .9534 should target 61.8% projection of 0.9630 to 1.0733 from 1.0482 at Read more…
Daily Pivots: (S1) 1.2119; (P) 1.2183; (R1) 1.2277; More… Intraday bias in GBP/USD stays mildly on the upside. Current rise from 1.1840 will target a test on 1.2445 high. Decisive break there will resume whole Read more…
Daily Pivots: (S1) 0.9239; (P) 0.9300; (R1) 0.9333; More… Intraday bias in USD/CHF remains neutral as range trading continues. Further decline is still in favor as long as 0.9407 resistance holds. Break of 0.9165 will Read more…
Daily Pivots: (S1) 127.96; (P) 130.24; (R1) 131.60; More… USD/JPY’s decline from 151.93 resumed by breaking through 129.49 support. Intraday bias is back on the downside for 61.8% projection of 151.93 to 133.61 from 138.16 Read more…
China exports plunged -9.9% yoy in December in USD terms, worst drop since February 2020, but slightly better than expectation of -10.0% yoy. Imports fell -7.5% yoy, better than expectation of -9.8% yoy. Trade surplus Read more…
BoE MPC member Catherine Mann said yesterday that she’s “worrying about… underlying inflation dynamic looks pretty robust right now.” She explained that past rises in energy prices and other inflationary pressures are getting passed through Read more…
Richmond Fed president Tom Barkin said he was “in concept supportive of a path that is slower but longer and potentially higher” depending on how inflation behaves. But he cautioned that while the average inflation Read more…
St. Louis Fed President James Bullard said yesterday that it’s “encouraging” that inflation “went in the right direction.” “So far, so good. My bottom line for 2023 is that it will be a year of disinflation,” Read more…