Month: February 2024

Daily Pivots: (S1) 150.17; (P) 150.44; (R1) 150.81; More… No change in USD/JPY’s outlook as range trading is still continuing. Intraday bias stays neutral at this point. In case of deeper retreat, downside should be Read more…

The second estimate of fourth quarter real GDP was revised down a hair to 3.2% annualized (3.3% prev.), only slightly below consensus expectations for no revision. Under the hood, downward revisions to inventory investment and Read more…

Daily Pivots: (S1) 1.3496; (P) 1.3518; (R1) 1.3550; More… USD/CAD’s rally from 1.3176 is resuming today by breaking 1.3585 resistance. Intraday bias is back on the upside for 100% projection of 1.3761 to 1.3540 from Read more…

Dollar, Yen, and Swiss Franc emerge as the predominant winners as markets enter into US session, amidst a backdrop of mild risk-off sentiment. Nevertheless, momentum of these safe-haven currencies remains relatively tempered, holding off major Read more…

US goods exports rose 0.2% mom to USD 170.42B in January. Goods imports rose 1.1% mom to USD 260.62B. Goods trade deficit widened to USD -90.2B, larger than expectation of -88.1B. Wholesale inventories fell -0.1% Read more…

RBNZ holds cash rate at 5.25% New Zealand dollar declines 1.2% The New Zealand dollar is sharply lower on Tuesday. In the European session, NZD/USD is trading at 0.6095, down 1.22%. Earlier, the New Zealand Read more…

The dollar index bounced on Wednesday, after 200DMA (103.52) repeatedly contained dips in recent sessions. Reversal pattern is forming on daily chart and 14-d momentum is ascending from negative territory and pressuring the centreline, contributing Read more…

Beyond Meat  (BYND)  shares soared in early Wednesday trading after the plant-based food group shocked investors with better-than-expected fourth quarter sales and a robust outlook heading into the the start of the year.  Beyond Meat Read more…