Isn’t it amazing how investors ignore the hawkish Federal Reserve (Fed) comments but fully embrace the dovish commentaries. Fed’s Thomas Barkin’s words that suggested that the Fed could cut rates if recent progress inflation continues Read more…
Daily Pivots: (S1) 0.8602; (P) 0.8621; (R1) 0.8644; More…. EUR/GBP’s rise from 0.8548 resumes today and the break of 0.8648 support turned resistance argues that fall from 0.8764 might have completed already. Intraday bias is Read more…
Daily Pivots: (S1) 180.73; (P) 182.46; (R1) 184.86; More… GBP/JPY retreats sharply ahead of 184.30 resistance and intraday bias remains neutral first. Fall from 188.63 is still in favor to continue. Break of 178.32 will Read more…
Daily Pivots: (S1) 1.2661; (P) 1.2711; (R1) 1.2782; More… Intraday bias in GBP/USD remains neutral as consolidation from 1.2793 is still extend. Overall, further rally is expected as long as 1.2499 support holds. On the Read more…
Germany’s Gfk Consumer Climate for January rose from -27.6 to -25.1. In December, income expectations rose from -16.7 to -6.9. Willingness to buy rose from -15.0 to -8.8. Willingness to save rose from 5.3 to Read more…
UK CPI slowed from 4.6% yoy to 3.9% yoy in November, below expectation of 4.3% yoy. Core CPI (excluding energy, food, alcohol and tobacco) slowed from 5.7% yoy to 5.1% yoy, below expectation of 5.5% Read more…
In focus today This morning, the Danish statistics office will release the consumer confidence indicator for December. In November, consumer confidence improved, although sentiment was still overall negative at -10.3. The labour market is still Read more…
Daily Pivots: (S1) 156.04; (P) 157.30; (R1) 159.22; More.. Intraday bias in EUR/JPY stays on the upside for the moment. Rebound from 153.15 should target 55 D EMA (now at 158.97). On the downside, break Read more…
Daily Pivots: (S1) 1.6197; (P) 1.6248; (R1) 1.6289; More… EUR/AUD’s decline resumed by breaking 1.6206 and intraday bias is back on the downside. Current fall from 1.7062 should now target 100% projection of 1.7062 to Read more…
Daily Pivots: (S1) 0.9432; (P) 0.9461; (R1) 0.9483; More… Intraday bias in EUR/CHF remains neutral as consolidation from 0.9402 could extend further. But still, deeper decline is expected with 0.9543 resistance intact. On the downside, Read more…