Daily Pivots: (S1) 1.6490; (P) 1.6549; (R1) 1.6584; More… EUR/AUD is still bounded in sideway trading and intraday bias remains neutral. On the upside, decisive break of 1.6671 will revive the case that whole correction Read more…
Daily Pivots: (S1) 0.9490; (P) 0.9500; (R1) 0.9513; More… Intraday bias in EUR/CHF is turned neutral first with current retreat, and some consolidations could be seen first. But downside should be contained by 0.9413 minor Read more…
Markets Broader markets recovered from the big post-CPI swings yesterday in absence of new drivers. US Treasuries rebounded, but technical breaks through resistance levels (in yield terms) weren’t undone. US yields eventually returned 8.5 bps Read more…
UK GDP contracted -0.3% qoq in Q4, worse than expectation of -0.1% qoq. This downturn was a collective result of declines across all primary sectors: services saw a -0.2% dip qoq, production tumbled by -1.0% Read more…
JPY weakness failed to materialize after Japan’s Q4 GDP came in way below expectations. Fear of looming BoJ’s intervention to put a halt to recent JPY weakness after MoF’s vice finance minister Masato Kanda’s warnings Read more…
The market has been very quick in swallowing and digesting this Tuesday’s less than ideal inflation data from the US – which showed that inflation in the US didn’t ease as much as expected in Read more…
In focus today In the US, January retail sales and industrial production data is due for release. Consensus expects some moderation in retail sales growth, even though early credit card data suggests that consumption has Read more…
Daily Pivots: (S1) 1.3524; (P) 1.3551; (R1) 1.3572; More… Intraday bias in USD/CAD stays on the upside at this point. Firm break of 61.8% projection of 1.3176 to 1.3540 from 1.3357 at 1.3582 will pave Read more…
Daily Pivots: (S1) 0.6460; (P) 0.6478; (R1) 0.6510; More… Intraday bias in AUD/USD is turned neutral with current recovery, and some consolidations would be seen first. But outlook will remain bearish as long as 0.6621 Read more…
Daily Pivots: (S1) 1.0704; (P) 1.0719; (R1) 1.0744; More… Intraday bias in EUR/USD is turned neutral with current recovery, and some consolidations could be seen first. Outlook will remain bearish as long as 1.0804 resistance Read more…