Daily Pivots: (S1) 0.8786; (P) 0.8833; (R1) 0.8919; More…. USD/CHF’s rally from 0.8332 is still in progress, and intraday bias stays on the upside. Next target is 100% projection of 0.8332 to 0.8727 from 0.8550 Read more…
Daily Pivots: (S1) 1.0674; (P) 1.0736; (R1) 1.0772; More… EUR/USD’s fall from 1.1138 is in progress and intraday bias remains on the downside. Current development argues that whole rise from 1.0447 has already finished. Deeper Read more…
Daily Pivots: (S1) 1.2549; (P) 1.2617; (R1) 1.2661; More… GBP/USD dips notably today but stays above 1.2517 support. Intraday bias remains neutral for the now. On the upside, break of 1.2691 resistance will indicate that Read more…
Sterling is taking a modest step back today, responding to UK’s latest inflation report that came in below market expectations. Despite this, the actual figures for both headline and core CPI merely held their ground Read more…
Nvidia (NVDA) shares moved higher in early Wednesday trading, lifting its market capitalization to within touching distance of the $2 trillion mark, as investors continue to reprice sales and profit growth forecasts for the world’s Read more…
Goods-based inflationary pressures in the US may resurface in H2 2024 due to leading bullish momentum built-up in commodities. Persistent low correlation readings among S&P 500 constituents may trigger a spike in the VIX. The Read more…
Gold drops to its lowest since mid-December Breaks beneath the crucial 2,000 mark Oscillators point to extreme oversold conditions Gold experienced a massive downward spike in the four-hour chart following the hotter-than-expected US CPI report Read more…
UK inflation unchanged in January Markets expect BoE rate cut in Q2 GBPJPY pares gains after hitting 8.5 year high UK inflation data this morning will have been a welcome surprise for the Bank of Read more…
Market picture Negative momentum in equities after the US inflation report triggered a quick correction but only attracted new buyers who saw it as an opportunity to buy cheaper. In 24 hours, the crypto market Read more…
ECB Vice President Luis de Guindos acknowledged in a speech that inflation is moving “on the right track” towards target. But he also pointed out several factors that could derail progress. De Guindos highlighted “wage Read more…