Daily Pivots: (S1) 0.8721; (P) 0.8741; (R1) 0.8757; More…. USD/CHF’s rally is in progress despite some loss of upside momentum. Intraday bias stays on the upside. Current rise from 0.8332 would target 61.8% retracement of Read more…
Swiss Franc and Japanese Yen are currently the weakest performers for the week on a couple of interrelated factors. Firstly, global central bankers are tempering expectations for early rate cuts, suggesting rate difference between SNB/BoJ Read more…
In an appearance before a parliamentary economics committee in Canberra today, RBA Governor Michele Bullock acknowledged the presence of “some encouraging signs” in Australia’s economic landscape, yet cautioned that the nation’s battle against inflation is Read more…
BoE MPC member Catherine Mann expressed skepticism about the continuation of the recent deceleration in headline inflation, challenging the prevailing market sentiment anticipating imminent rate cuts by the central bank. “I am not convinced that Read more…
ECB Chief Economist Philip Lane highlighted in a speech that recent data suggest the disinflation process “may run faster than previously expected” in the near term. However, he was quick to note that the implications Read more…
In an interview overnight, Boston Fed President Susan Collins described her “baseline” expectation for rate path as being “similar” to Fed’s latest projection, which anticipates a total of 75 basis points cut in interest rates Read more…
Key Highlights USD/JPY started a fresh increase from the 146.00 support zone. It broke a key bullish flag with resistance at 147.80 on the 4-hour chart. EUR/USD is consolidating losses below the 1.0800 resistance zone. Read more…
EURGBP reversed from support level 0.8515 Likely to rise to resistance level 0.8600 EURGBP currency pair recently reversed up from the support level 0.8515, which has been reversing the price from the middle of 2023. Read more…
Many folks are interested in working for Amazon and it’s no surprise why — the tech giant employs 1.5 million people and seems to always be hiring more. It also continues to be more and more Read more…
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