Markets Eco data were few yesterday and the outcome only gave limited directional guidance for global trading. German IFO business confidence (business climate rising from 88.6 to 90.2; expectations gaining from 83.2 to 86.4) confirmed Read more…
Hi there! Our country’s rolling blackouts somehow skipped us for the most part, until last week. Ah, it was good to have a reliable electricity supply while it lasted. Anyway, we’re covering Android’s big changes Read more…
WTI crude treads water as US crude inventories show a smaller buildup. The price action is grinding last December’s high of 82.50 as its breach might trigger an extended rally in the medium-term. Instead, a Read more…
The Australian dollar climbed after Q4 inflation came in hotter-than-expected. On the daily chart, the euro turned south at the support-turned-resistance (1.5950) from a sell-off earlier last year. This suggests that the medium-term bias is Read more…
The Canadian dollar slipped after the BoC signalled a pause in rate increases. On the daily chart, the pair is looking to hold above 1.3320 as a triangle consolidation pattern seems to be taking shape Read more…
Amidst all the debate of whether the US is heading into a recession this year, we get the first look at last year’s GDP figures. This could be the biggest market moving event of the Read more…
The S&P 500 was flat yesterday, as investors tried to make sense of the deluge of company earnings that hit the fan before, during and after the session. Microsoft didn’t gain on better-than-expected earnings, and Read more…
Daily Pivots: (S1) 159.83; (P) 160.38; (R1) 161.25; More… Intraday bias in GBP/JPY remains neutral and outlook is unchanged. On the downside, break of 155.33 low will resume the fall form 172.11 to 153.70 fibonacci Read more…
Daily Pivots: (S1) 140.72; (P) 141.51; (R1) 142.26; More…. Intraday bias in EUR/JPY stays neutral as range trading continues. On the downside, break of 137.37 will resume the whole decline from 148.38 to 135.40 fibonacci Read more…
Daily Pivots: (S1) 0.8783; (P) 0.8818; (R1) 0.8836; More… Intraday bias in EUR/GBP is turned neutral again as it retreated well ahead of 0.8896 resistance. On the upside firm break of 0.8896 will resume the Read more…