Month: January 2023

Daily Pivots: (S1) 0.9228; (P) 0.9319; (R1) 0.9368; More… Intraday bias in USD/CHF remains neutral for the moment. On the upside, break of 0.9407 will resume the rebound to 38.2% retracement of 1.0146 to 0.9199 Read more…

Daily Pivots: (S1) 131.14; (P) 132.96; (R1) 133.92; More… Intraday bias in USD/JPY remains neutral for the moment. On the upside, firm break of 134.49 should confirm short term bottoming, and bring stronger rise to Read more…

Daily Pivots: (S1) 1.3365; (P) 1.3515; (R1) 1.3596; More…. USD/CAD drops further today and intraday bias stays on the downside. For now, price actions from there are still more likely corrective than not. Hence, while Read more…

Markets It was not about the December US payrolls report last Friday, but about the non-manufacturing ISM. The post-payrolls reaction – zooming in on slightly disappointing wage growth rather than on all other strong employment Read more…

Friday’s jobs data in the US, and more specifically, the market reaction to Friday’s jobs data helped stock markets to record their best boost since more than a month on Friday. However, Friday’s jobs report Read more…

Market movers today It is the big CPI week with US inflation on Thursday as the highlight. It will be yet another key input to whether the Fed hikes 25bp or 50bp at the February meeting. CPI releases Read more…

Daily Pivots: (S1) 0.6770; (P) 0.6828; (R1) 0.6935; More… AUD/USD’s break of 0.6892 resistance confirms resumption of whole rise from 0.6169. Intraday bias is back on the upside for 61.8% projection of 0.6169 to 0.6892 Read more…

Australian Dollar rises broadly today as risk-on sentiment carried forward to Asian session. Additionally, the Aussie is lifted by reopening of China, together with Yuan and Hong Kong stocks. Kiwi and Sterling are currently the Read more…