Daily Pivots: (S1) 1.2604; (P) 1.2630; (R1) 1.2653; More… Despite spiking higher to 1.2691, GBP/USD quickly retreated. Intraday bias stays neutral for the moment. On the upside, firm break of 1.2691 resistance will affirm the Read more…
Daily Pivots: (S1) 1.0750; (P) 1.0778; (R1) 1.0800; More… EUR/USD’s fall from 1.1138 resumed by breaking 1.0722 support today. More importantly, current development argues that whole rise from 1.0477 has already finished. Intraday bias is Read more…
Dollar rises significantly in early US session supported by the latest consumer inflation data, which also triggers a marked in DOW futures, dropping by over -300 points. Concurrently, 10-year Treasury yield is soaring near 4.3% Read more…
Daily Pivots: (S1) 149.03; (P) 149.25; (R1) 149.58; More… USD/JPY’s rally resumed after brief consolidations and intraday bias is back on the upside. Further rally should now be seen to retest 151.89/93 key resistance zone. Read more…
Updated at 8:59 AM EST U.S. inflation pressures eased in January, official data indicated Tuesday, but the decline was less than expected and confirms the Federal Reserve’s caution on near-term interest rate cuts. The headline Read more…
When a retail chain falls into a hole, a lot of things need to go right in order for it to recover. That’s especially true in the current climate where cash has gotten both expensive Read more…
US CPI rises 0.3% mom in January, above expectation of 0.2% mom. CPI core (all items less food and energy) rise 0.4% mom, above expectation of 0.3% mom. Index for shelter rose 0.6% mom, contributing Read more…
The New Zealand dollar has declined after New Zealand inflation expectations decelerated in the fourth quarter. In the European session, NZD/USD is trading at 0.6114, down 0.25%. The New Zealand dollar declined by 0.40% after Read more…
Fundamental Outlook Today, Tuesday, February 13th, at 8:30 am New York time, the Bureau of Labor Statistics (BLS) releases US inflation data related to the Consumer Price Index (CPI). This high-impact data could generate significant Read more…
Economic data continues to be on the Pound’s side, with another set of better-than-expected figures, this time from the labour market. The unemployment rate fell from 4.2% to 3.8% against expectations of 4.0%. A fall Read more…