Month: January 2023

The new week kicked off with Chinese equities jumping into a bull market as traders returned from their Lunar New Year holiday. The CSI index, which began its positive move back in November, rallied more Read more…

Market movers today The first central bank week of the year kicks off with a round of macro data. The Spanish Flash Inflation will give us the first taste of euro area’s January price developments Read more…

Daily Pivots: (S1) 0.7085; (P) 0.7107; (R1) 0.7132; More… Intraday bias in AUD/USD is turned neutral first, as it lost momentum ahead of 61.8% projection of 0.6169 to 0.6892 from 0.6721 at 0.7168. On the Read more…

Sentiment in Asia was mixed today. Most markets have turned cautious ahead of the central bank bonanza this week. At the same time Hong Kong stocks tumble deeply, as led by Chinese tech giants. In Read more…

BoJ Governor Haruhiko Kuroda told the parliament today, “Japan’s trend inflation is likely to gradually accelerate … but that will take some more time.” “Uncertainty regarding Japan’s economy is extremely high. It’s therefore important now Read more…

New Zealand goods exports rose 11% yoy or NZD 640m to NZD 6.7B in December. Goods imports rose 1.8% yoy or NZD 125m to NZD 7.2B. Monthly trade deficit narrowed to NZD -475m, comparing to Read more…

USD/JPY: Looking at the H4 chart, my overall bias for USDJPY is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect the price Read more…

Key Highlights EUR/USD is struggling to clear the 1.0925 resistance zone. A key support is forming near 1.0800 on the 4-hours chart. GBP/USD could aim an upside break above the 1.2450 resistance. Gold price is Read more…