Canadian inflation expected to have fallen again in January Will the FOMC minutes shed any light on rate cuts? USDCAD higher but momentum remains weak It’s no surprise that it’s been a quiet start to Read more…
A longer meeting, but an expected outcome – the case to hold outweighed the case to hike. This month’s minutes were the first under the new arrangements with longer meetings. While the list of attendees Read more…
The Chinese returned from their Lunar New Year holiday having traveled and spent more this year than before the pandemic. The early trading hours were cheery, but enthusiasm left its place to doom and gloom Read more…
Daily Pivots: (S1) 1.0765; (P) 1.0777; (R1) 1.0792; More… Intraday bias in EUR/USD remains as consolidation from 1.0694 is still extending. . Further decline is in favor with 1.0804 resistance intact. On the downside, below Read more…
Daily Pivots: (S1) 1.2577; (P) 1.2604; (R1) 1.2623; More… No change in GBP/USD’s outlook as range trading continues. Intraday bias stays neutral at this point. On the upside, break of 1.2691 resistance will indicate that Read more…
Daily Pivots: (S1) 0.8802; (P) 0.8819; (R1) 0.8841; More…. Intraday bias in USD/CHF remains neutral as consolidation from 0.8884 is still extending. Further rally is expected as long as 0.8727 resistance turned support holds. On Read more…
Daily Pivots: (S1) 149.93; (P) 150.09; (R1) 150.30; More… Intraday bias in USD/JPY remains neutral as consolidation from 150.87 is still extending. In case of another retreat, downside should be contained by 148.79 resistance turned Read more…
Daily Pivots: (S1) 0.6527; (P) 0.6540; (R1) 0.6553; More… No change in AUD/USD’s outlook as consolidation from 0.6442 is extending. Intraday bias remains neutral for the moment. Stronger recovery cannot be ruled out, but outlook Read more…
Daily Pivots: (S1) 1.3473; (P) 1.3485; (R1) 1.3503; More… USD/CAD is still bounded in range below 1.3585 and intraday bias remains neutral. More consolidations could be seen, but further rally is expected as long as Read more…
The financial markets are rather calm in Asian session today, while major currency pairs and crosses largely engage in a phase of consolidation. This tranquility comes in the wake of China’s surprising decision to significantly Read more…