Month: January 2023

Daily Pivots: (S1) 0.9152; (P) 0.9193; (R1) 0.9245; More… USD/CHF is staying in range above 0.9084 and intraday bias remains neutral. Outlook also stays bearish with 0.9407 resistance intact. On the downside, sustained break of Read more…

Daily Pivots: (S1) 128.41; (P) 129.51; (R1) 130.67; More… USD/JPY is still bounded in established rate above 127.20 and intraday bias remains neutral. On the downside, break of 127.20 will resume the whole decline from Read more…

The euro has been on the rise first thing this morning in an otherwise quiet day. The single currency found renewed support after being hit last week by reports that the European Central Bank officials Read more…

ECB Governing Council member Yannis Stournaras said “in my opinion, the adjustment of interest rates needs to be more gradual, taking into account the slowdown in growth of the euro area economy.” “Given the high Read more…

ECB Governing Council member Peter Kazimir said, “An inflation drop in two consecutive months is good news. But it is not a reason to slow the tempo of raising interest rates… I am convinced that Read more…

The EURUSD reached 1.09 early Monday, its highest level since April last year. A strong uptrend has been in place for the past four months, during which time the pair has risen from lows just Read more…

Not the most eventful start to the week but that’s unlikely to last with earnings being a particular focus in the coming days. This is likely to be one of the busier earnings weeks with Read more…

The Japanese yen has edged lower on Monday. In the European session, USD/JPY is trading at 130.15, up 0.45%. The yen slipped 1.3% against the dollar last week, falling as low as 131.57 before recovering. Read more…