Japan’s industrial production rose 1.8% mom in December, rebounding from prior month’s -0.9% mom contraction, but missed expectation of 2.4% mom. Manufacturers have tempered expectations for the coming months, predicting a -6.2% mom drop in Read more…
Key Highlights GBP/USD is holding the 1.2620 and 1.2600 support levels. A key declining channel is forming with resistance near 1.2700 on the 4-hour chart. EUR/USD extended losses toward 1.0800 and remains at risk of Read more…
The Summary of Opinions from BoJ’s meeting on January 22-23 signaled the central bank’s intensified focus on initiating its first rate hike since 2007 and moving away from its long-standing negative interest rate policy. The Read more…
ECB President Christine Lagarde emphasized that the central bank is not yet ready to initiate rate cuts, underscoring the need for comprehensive data analysis In a CNN interview overnight, she stated, “We are not there Read more…
Major currency pairs like USD/JPY and USD/CHF face potential shifts in trends as central banks reevaluate interest rates. The Euro and British Pound are poised for nuanced movements based on economic conditions and rate decisions. Read more…
Bullish Scenario: Buying above 160.00 (expecting a pullback to this zone) with TP1: 160.62 (uncovered POC*), TP2: 160.81, and TP3: 161.00 on an intraday basis. It is recommended to set a stop loss (S.L.) below Read more…
Gold prices, stable above $2,000 per ounce, commenced the week on an uptrend driven by a rallying US dollar and anticipation surrounding the upcoming Federal Reserve meeting. Analysts highlight that the market is keen on Read more…
Gold reversed from resistance level 2016.00 Likely to rise to resistance level 2085.00 Gold recently reversed up from the key resistance level 2016.00, which stopped the previous corrections (a) and 2. The resistance level 2016.00 Read more…
GBPJPY reversed from resistance level 79.15 Likely to fall to support level 184.50 GBPJPY currency pair recently reversed down from the key resistance level 188.55 which has been reversing the price from November, as can Read more…
This week is loaded with critical economic releases, keeping markets on edge. We have FOMC rate decisions, Nonfarm Payrolls, and inflation numbers, to name a few. This comes as investors remain divided on the FED’s Read more…