Daily Pivots: (S1) 0.8498; (P) 0.8518; (R1) 0.8528; More…. Intraday bias in USD/CHF remains neutral and outlook is unchanged. Consolidation from 0.8332 is extending and stronger recovery cannot be ruled out. But outlook will stay Read more…
Daily Pivots: (S1) 1.2711; (P) 1.2742; (R1) 1.2795; More… GBP/USD is staying in range below 1.2826 and intraday bias remains neutral at this point. On the upside, decisive break of 1.2826 high will resume whole Read more…
Short Term Elliott Wave view in Silver (XAGUSD) suggests that the metal shows a bearish sequence from 12.4.2023 high. The decline from 12.4.2023 high is unfolding as a zigzag Elliott Wave structure. Down from 12.4.2023 Read more…
Daily Pivots: (S1) 1.0936; (P) 1.0967; (R1) 1.1005; More… Range trading continues in EUR/USD and intraday bias remains neutral. On the downside break of 1.0876 will resume the fall from 1.1138 short term top to Read more…
Dollar’s fleeting post-CPI rally was very short-lived. The greenback quickly reversed its initial gains and has since been trading within a narrow range against other major currencies. Traders appear relatively unfazed by the stronger than Read more…
In December, China’s exports increased by 2.3% yoy to USD 303.6B, surpassing expectation of 1.7%. However, this growth was not uniform across all regions. Notably, shipments to US saw a significant decline of -6.89% yoy. Read more…
Key Highlights USD/JPY started a fresh increase above the 145.00 resistance. A key bullish trend line is forming with support at 145.35 on the 4-hour chart Gold prices failed to clear the $2,050 resistance and Read more…
China’s CPI reflected a modest improvement in December, rising from -0.5% yoy to -0.3% yoy, slightly better than the expected -0.4% yoy. Despite this improvement, December marks the third consecutive month of negative CPI readings, Read more…
Chicago Fed Austan Goolsbee has highlighted the critical role of ongoing inflation data in shaping Fed’s future interest rate decisions. In an interview with Reuters, Goolsbee underlined that it is premature to make definitive decisions Read more…
Richmond Fed President Thomas Barkin told reporters after a speech overnight that the December CPI report was “about as expected. He noted a deceleration in the price rise for goods, while shelter and services costs Read more…