Bank of England Preview – Topside risk to EUR/GBP We expect the Bank of England (BoE) to hike the Bank Rate by 50bp. We pencil in an additional 25bp hike in March, now expecting the Read more…
Asia’s richest man is rocked by a U.S. short-seller’s allegations of fraud and money laundering. Suspicion is creating chaos in the empire built by the Indian billionaire Gautam Adani, who since last year has become Read more…
Daily Pivots: (S1) 129.30; (P) 129.96; (R1) 130.89; More… Intraday bias in USD/JPY stays neutral as range trading is still in progress. On the downside, break of 127.20 will resume the whole decline from 151.93 Read more…
Daily Pivots: (S1) 0.9167; (P) 0.9196; (R1) 0.9233; More… Intraday bias in USD/CHF stays neutral for the moment. On the downside, sustained break of 61.8% projection of 1.0146 to 0.9355 from 0.9545 at 0.9056 will Read more…
Daily Pivots: (S1) 1.0852; (P) 1.0891; (R1) 1.0931; More… Further rise is still expected in EUR/USD with 1.0765 support intact. Above 1.0928 will resume larger rise to 61.8% projection of 0.9630 to 1.0733 from 1.0482 Read more…
The January Flash PMIs painted a somewhat less negative growth outlook, reflecting lower energy prices and generally easing financial conditions. Both manufacturing and services indices recovered in the euro area, bringing the composite index above Read more…
With lingering questions on how much of an impact China’s reopening will have on the global economy, there’s likely to be increased focus on leading economic indicators from the country. Foremost among them are PMIs, Read more…
Intel’s grim December quarter, and weak near-term outlook, is holding down tech stocks Friday as traders look to build gains from last night’s rally. Updated at 9:38 am EST U.S. stocks edged lower Friday, with Read more…
Daily Pivots: (S1) 1.2360; (P) 1.2396; (R1) 1.2446; More… GBP/USD is still gyrating in very tight range and intraday bias remains neutral. On the downside, firm break of 1.2252 minor support will turn bias to Read more…
The markets are steady after US data showed further cooling in headline and core PCE inflation. While the decline in Dollar has been slowing somewhat, there is no committed buying for a sustainable rebound. The Read more…