Month: January 2023

The US dollar edges lower due to bearish inertia across the board. On the daily chart, the pair is still hovering above last May’s lows of 126.50 as the bulls strive to keep the outlook Read more…

Markets German Bunds extended their underperformance against US Treasuries as ECB protagonists keep hitting the same nail. 50 bps rate hikes seem granted at least in February and March with current consensus suggesting rate hikes Read more…

Daily Pivots: (S1) 1.3337; (P) 1.3418; (R1) 1.3461; More…. Intraday bias in USD/CAD remains neutral for the moment. On the downside, break of 1.3320 will resume the fall from 1.3704 to 1.3224 key support level. Read more…

Daily Pivots: (S1) 0.6925; (P) 0.6949; (R1) 0.6993; More… Intraday bias in AUD/USD stays neutral for consolidation below 0.7062. Overall outlook stays bullish as long as 0.6721 support holds. On the upside, break of 0.7062 Read more…

Daily Pivots: (S1) 128.41; (P) 129.51; (R1) 130.67; More… Intraday bias in USD/JPY remains neutral at this point. On the downside, break of 127.20 will resume the whole decline from 151.93 and target 121.43 fibonacci Read more…

Daily Pivots: (S1) 0.9152; (P) 0.9193; (R1) 0.9245; More… Intraday bias in USD/CHF stays neutral, and outlook remains bearish with 0.9407 resistance intact. On the downside, sustained break of 61.8% projection of 1.0146 to 0.9355 Read more…

Daily Pivots: (S1) 1.2354; (P) 1.2380; (R1) 1.2423; More… Intraday bias in GBP/USD remains neutral first. On the upside, decisive break of 1.2445 will confirm resumption of whole rise from 1.0351. Next target will be Read more…

The week started slowly in Asia, as many markets were closed due to the Chinese New Year holiday. But those that were open benefited from the positive vibes from the US markets last Friday. US Read more…

Market movers today A quiet start to the week, with consumer confidence for the euro area and Denmark the only releases of interest. Although consumer confidence rose for a second consecutive month in December, it Read more…