Month: February 2023

Gold steadies ahead of Fed Chair Jerome Powell’s speech later today. On the daily chart, last April’s sell-off zone around 1950 has proved to be a tough barrier to crack. A sharp fall below 1900 Read more…

The Australian dollar recovered after a hawkish RBA hinted at further hikes. A drop below the daily support of 0.6870 has dented the optimism in the short-term. The four-month long rally could be in for Read more…

After Minneapolis Fed’s Kashkari, who sided with his colleague Bostic in calling for a higher terminal rate than the dots currently suggest if labour market strength persists, all eyes turned to chair Powell. The Fed Read more…

Another hawkish speech from the Federal Reserve (Fed) Chair Jerome Powell turned into a risk rally yesterday. Equities gained, and the bond yields fell. Yet, yesterday’s speech from the Fed Chair Powell was hawkish. He Read more…

Market movers today Three voting FOMC members are scheduled to speak today starting with John Williams at 15:15 CET at a Wall Street Journal event, followed by Kashkari and Waller in the evening. Also Bostic Read more…

USD/JPY: Looking at the H4 chart, my overall bias for USDJPY is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect the price Read more…

Daily Pivots: (S1) 157.05; (P) 158.32; (R1) 159.19; More… Intraday bias in GBP/JPY stays 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) 139.83; (P) 141.08; (R1) 141.88; More…. Outlook in EUR/JPY remains unchanged and intraday bias stays neutral. On the upside, decisive break of 142.84 will argue that the correction from 148.38 has completed Read more…

Daily Pivots: (S1) 0.8888; (P) 0.8914; (R1) 0.8931; More… Intraday bias in EUR/GBP remains neutral at this point. Outlook stays bullish as long as 0.8270 support holds. On the upside, break of 0.8977 will resume Read more…