Check back for updates throughout the trading day U.S. equity futures moved lower Tuesday while the dollar found support against its global peers and Treasury yields edged higher as investors headed into the first day Read more…
New year starts with the December inflation report testing ECB’s hawkishness Market looks for a sizeable pickup in CPI, creating doubt about the rate cuts priced in German CPI figure released on Thursday; the euro Read more…
USDCHF reversed from key support level 0.8400 Likely to rise to resistance level 0.8600 USDCHF currency pair recently reversed up from the key support level 0.84000 (intersecting with the lower weekly Bollinger Band). The support Read more…
GBPJPY reversed from support level 179.40 Likely to rise to resistance level 182.00 GBPJPY currency pair recently reversed up from the multi-month support level 179.40 (which has steadily reversed the pair from the start of Read more…
EURUSD keeps negative tone in the first trading day of 2024 and extends pullback from a multi-month high (1.1139) into third consecutive day. Break through initial support at 1.1041 (Fibo 23.6% of 1.0723/1.1139 upleg) extended Read more…
The medium-term downtrend phase of USD/JPY in place since the 15 November 2023 high has reached a potential inflection level at 140.25. A potential countertrend corrective rebound scenario may unfold next. Watch the first immediate Read more…
China Caixin Manufacturing posts slight growth The Australian dollar is in positive territory on Tuesday. In the European session, AUD/USD is trading at 0.6826, up 0.22%. The week between Christmas and New Year’s was subdued Read more…
EUR/GBP rebounds from 0.8650 on weaker-than-projected UK factory data. The outlook of the UK manufacturing sector remains gloomy due to deepening cost of living crisis. German HICP is seen significantly higher in December. The EUR/GBP Read more…
UK PMI Manufacturing was finalized at 46.2 in December, down from November’s 47.2. This marks the seventeenth consecutive month where the index has remained below the neutral 50 threshold, indicating ongoing contraction. According to S&P Read more…
GBPUSD pares some gains after posting a 4-month peak But remains within its upward sloping channel Positive bias holds as momentum indicators are skewed to the upside GBPUSD had been forming a profound structure of higher highs Read more…