Daily Pivots: (S1) 145.09; (P) 145.52; (R1) 146.19; More… USD/JPY’s rally from 140.25 resumed by breaking 146.40 and intraday bias is back on the upside. Strong resistance should be seen from 61.8% retracement of 151.89 Read more…
Daily Pivots: (S1) 0.8526; (P) 0.8547; (R1) 0.8579; More…. While USD/CHF’s rebound could extend higher, near term outlook will stay bearish as long as 0.8665 support turned resistance holds. On the downside, break of 0.8487 Read more…
Daily Pivots: (S1) 1.2705; (P) 1.2735; (R1) 1.2758; More… Immediate focus is now on 1.2611 support in GBP/USD with today’s fall. Firm break there will resume the decline from 1.2826 to 1.2499 support. Nevertheless, strong Read more…
As expected, headline CPI inflation moved in the wrong direction in December, rising three ticks to 3.4% year-on-year (y/y). Energy prices, and more specifically gasoline prices, were a key culprit boosting headline CPI higher. Gasoline Read more…
Daily Pivots: (S1) 1.0934; (P) 1.0951; (R1) 1.0968; More… EUR/USD’s fall from 1.1138 short term top is trying to resume be breaching 1.0876. Intraday bias is back on the downside for 1.0722 support. Sustained break Read more…
Dollar continues its strong rally in early U.S. session, making an attempt to surpass January high against Euro. The market appears to be ignoring surprisingly poor results of Empire State Manufacturing survey. Instead, mild risk-off Read more…
US Empire State Manufacturing general business conditions index fell sharply from -14.5 to -43.7 in January, hitting the lowest level since May 2020. Looking at some details, new orders fell from -11.3 to -49.4. Shipments Read more…
Canada’s CPI accelerated from 3.1% yoy to 3.4% yoy in November, above expectation of 3.3% yoy. The acceleration was largely due to base-year effect on gasoline prices. Excluding gasoline, CPI slowed slightly from 3.6% yoy Read more…
If you’ve ever had a dream of starting a business but aren’t sure how to get the funding you need to make it work, you’ve surely found yourself watching “Shark Tank” and daydreaming about being Read more…
USDCAD surges after breaking a downtrend line MACD and RSI detect positive momentum A dip below 1.3345 is needed to turn the picture bearish again USDCAD traded sharply higher today, after it broke above the Read more…