Summary After slowing through most of 2022, there are signs that Swiss economic growth is in the process of bottoming out. Sentiment surveys improved at the start of this year, while the growth outlook for Read more…
Daily Pivots: (S1) 132.02; (P) 133.53; (R1) 134.76; More… USD/JPY’s recovery from 132.27 extends higher today and with break of 134.68 minor resistance, intraday bias is turned neutral first. Fall from 137.90 could still extend Read more…
US CPI slowed from 6.4% yoy to 6.0% yoy in February, matched expectations. That’s also the lowest reading since September 2021. Core CPI (all items less food and energy) slowed slightly from 5.6% yoy to Read more…
Following the sudden collapse of the Silicon Valley Bank (SVB) in the US, investors have become increasingly concerned about the health of the banking system as borrowing costs continue to rise. While they have dramatically Read more…
The British pound has reversed directions after an impressive rally that saw GBP/USD climb 370 points. In the European session, GBP/USD is trading at 1.2154, down 0.24%. US dollar recovers The collapse of the Silicon Read more…
When is the UK Budget? Chancellor Jeremy Hunt will unveil the Spring Budget on Wednesday 15th March, usually around 12:30pm. What to expect? This will be the first budget following former PM Luz Truss and Read more…
EUR/GBP falls after UK jobs data UK unemployment stays at 3,7% Pay excluding bonuses cools to 6.5% from 6.7% EURGBP falls for a 5th day EURGBP is falling for a fifth straight day as investors Read more…
Daily Pivots: (S1) 160.57 (P) 161.82; (R1) 163.58; More… GBP/JPY recovered notably after dipping to 160.02 and intraday bias is turned neutral first. Outlook is unchanged that fall from 165.99 is probably developing into another Read more…
Daily Pivots: (S1) 0.6551; (P) 0.6596; (R1) 0.6626; More… AUD/USD failed to sustain above 0.6694 resistance so far and intraday bias remains neutral. . Focus is on whether 0.6546 fibonacci level would provide strong support Read more…
US yield curve inversion unwinding quickly, imminent recession concerns US Treasury yield has experienced a significant decline as funds continue to pour into bonds due to the collapse of Silicon Valley Bank. Overnight, the 2-year Read more…