Daily Pivots: (S1) 1.0745; (P) 1.0842; (R1) 1.0892; More… Intraday bias in EUR/USD remains on the downside at this point. Fall form 1.1032 is correcting whole rise from 0.9534, and should target 1.0482 support, which Read more…
Yen opens the week broadly lower on rumors that current ultra-loose monetary policy would be maintained by the next BoJ governor. Meanwhile, markets are mixed elsewhere. Dollar is paring some gains after initial rally, but Read more…
BoJ Governor Haruhiko Kuroda told the parliament today, “with our monetary easing steps, we sought to stimulate economic activity and tighten the labour market so that prices and wages would rise more.” “This was a Read more…
Gold declined sharply last week on the back of strong rebound in Dollar following solid US job and services data. The development indicates short term topping at 1959.47. Deep pull back is now in favor Read more…
Key Highlights EUR/USD started a downside correction from the 1.1040 zone. It traded below a key bullish trend line at 1.0880 on the 4-hours chart. Gold price declined heavily below the $1,920 support zone. Crude Read more…
Yen tumbles broadly today after Nikkei newspaper reported, quoting unnamed source that current BoJ Deputy Governor Masayoshi Amamiya was approached by the government to take over Governor Haruhiko’s job. The news was seen as bearish Read more…
The RBA are expected to raise interest rates by 25bp to 3.35% tomorrow, which would take rates to their highest level since September 2012. If so, it would be their fourth consecutive 25bp hike and Read more…
EUR/USD: Three Weeks of Uncertainty The meetings of the Central Banks were held strictly according to plan last week. As expected, the key rate was raised by 25 bps (basis points) at the US Federal Read more…
The Tesla CEO and Twitter owner revealed on Feb. 5 that he hasn’t been able to sleep for the past few months due to the challenges he faces. It looks like a deja vu movie. Read more…