Daily Pivots: (S1) 0.8589; (P) 0.8603; (R1) 0.8612; More… EUR/GBP is extending the consolidation from 0.8585 temporary low and intraday bias stays neutral. Further decline is in favor with 0.8638 minor resistance intact. On the Read more…
Daily Pivots: (S1) 1.6337; (P) 1.6398; (R1) 1.6470; More… EUR/AUD is trying to resume the rebound from 1.6127 by breaking 1.6398. Intraday bias is mildly on the upside for 1.6478 resistance. Firm break there will Read more…
Daily Pivots: (S1) 0.9321; (P) 0.9348; (R1) 0.9375; More… EUR/CHF recovered higher today but outlook is unchanged. Intraday bias stays neutral first and outlook remains bearish with 0.9402 support turned resistance intact. On the downside, Read more…
Markets Yesterday’s above-consensus US CPI numbers highlight the bumpy nature of the disinflationary process. It was reason enough for the likes of Barkin (Richmond Fed) and Mester (Cleveland Fed) to stay cautious. Both want more Read more…
In focus today Following the airstrike launched by the US and UK against Houthi rebel target in Yemen overnight (see more below), geopolitics will be on top of the agenda. Today, in the UK, we Read more…
UK GDP grew 0.3% mom in November, above expectation of 0.2% mom. Services output rose 0.4% mom. Production output grew 0.3% mom. Construction sector fell-0.2% mom. However, in the three months to November, GDP fell Read more…
Yesterday’s US inflation report wasn’t exactly ideal. The headline inflation rose more than expected to 3.4% from 3.1% printed a month earlier. Shelter, electricity, and food prices drove the overall CPI index higher in December. Read more…
Daily Pivots: (S1) 1.3349; (P) 1.3396; (R1) 1.3441; More… While USD/CAD continues to lose upside momentum, as seen in 4H MACD, further rally is in favor to 38.2% retracement of 1.3897 to 1.3176 at 1.3451. Read more…
Daily Pivots: (S1) 0.6648; (P) 0.6687; (R1) 0.6727; More… AUD/USD is staying in range above 0.6639 and intraday bias remains neutral. On the downside, break of 0.6639 will resume the fall from 0.6870 short term Read more…
Daily Pivots: (S1) 144.81; (P) 145.61; (R1) 146.08; More… USD/JPY retreated after edging higher to 146.40 and intraday bias is turned neutral again. On the upside above 146.40 will resume the rebound from 140.25 to Read more…