It has been a great week for the pound, particularly for the GBP/JPY pair which has been supported by a double dose of bullish factors this week. UK CPI jumps unexpectedly – BoE now highly Read more…
The USDJPY keeps positive tone on Wednesday after bounce by nearly 0.9% on Tuesday revived bulls and generated initial signal of formation of reversal pattern on daily chart, with the notion being supported by strong Read more…
In a speech today, ECB President Christine Lagarde highlighted the challenges posed by persistent high inflation and increasing uncertainty. She noted, “Since July last year we have raised interest rates by 350 basis points. However, Read more…
In a speech today, ECB President Christine Lagarde highlighted the challenges posed by persistent high inflation and increasing uncertainty. She noted, “Since July last year we have raised interest rates by 350 basis points. However, Read more…
NZDUSD lost ground after peaking at the 2023 high of 0.6536 in early February. Nevertheless, the pair managed to halt its retreat and has been moving sideways within a rectangle pattern for more than a Read more…
EUR/USD breaks higher The US dollar struggles as the market prepares for a 25-basis-point rate hike by the Fed. A pop above last week’s liquidation point at 1.0760 sends a strong bullish signal, prompting sellers Read more…
Daily Pivots: (S1) 1.2170; (P) 1.2226; (R1) 1.2274; More… Intraday bias in GBP/USD is turned neutral first with current retreat. Some consolidations could be seen below 1.2283 temporary low. But outlook will stay cautiously bullish Read more…
Today marks a significant moment as Fed is expected to continue with its tightening policy. Amid the recent banking crisis and market turmoil, it is widely anticipated that Fed will raise interest rates by 25bps Read more…
Today marks a significant moment as Fed is expected to continue with its tightening policy. Amid the recent banking crisis and market turmoil, it is widely anticipated that Fed will raise interest rates by 25bps Read more…
Australia’s Westpac Leading Index rose slightly from -1.04% to -0.94% in February, but it still marks the seventh consecutive month of negative growth rate, pointing to below-trend growth over the next 3-9 months. This is Read more…