USDCAD has declined considerably after touching the 1.3700 round number, losing more than 3%. During Thursday’s trading session, it posted an almost three-month low of 1.3260, while it is currently not far above that nadir. The negatively Read more…
The Nasdaq 100 rallies as investors keep going risk-on. The rally further gained traction after its surge above December’s high of 12200. Strong momentum is a sign that the bears are staying on the sidelines. Read more…
Daily Pivots: (S1) 1.2164; (P) 1.2282; (R1) 1.2342; More… GBP/USD’s break of 1.2252 minor support indicates that corrective pattern from 1.2445 has finally started the third leg. Intraday bias is back on the downside for Read more…
Daily Pivots: (S1) 0.9082; (P) 0.9110; (R1) 0.9161; More… USD/CHF recovered again ahead of 61.8% projection of 1.0146 to 0.9355 from 0.9545 at 0.9056 and intraday bias is turned neutral. On the downside, sustained break Read more…
Markets It didn’t quite turn out how we expected it to be. Especially on bond markets. Fed Chair Powell and ECB Lagarde missed out on the opportunity to talk up markets towards their envisioned monetary Read more…
Market movers today Rounding off an eventful week, the main event today will be the US January jobs report. Consensus is looking for a moderation in the non-farm payrolls growth, yet the recent data releases Read more…
Yesterday was, again, a fantastic day of trading for equities, as the less hawkish than expected tone from the European Central Bank (ECB) and the Bank of England (BoE) meetings joined the optimistic vibes from Read more…
Daily Pivots: (S1) 128.14; (P) 128.64; (R1) 129.18; More… While USD/JPY weakens this week, downside is still contained above 127.20 support. Intraday bias remains neutral first. On the downside, break of 127.20 will resume the Read more…
Yen is stealing the show in the week of heavy weight events, powering up broadly with help of broad based decline in US and European treasury yields. Swiss Franc is following together with Euro while Read more…
Overall risk sentiment is on the positive side as market focus turn to non-farm payroll report today. The messages from Fed and BoE this week were clear that the tightening cycle is close to a Read more…