Daily Pivots: (S1) 0.8706; (P) 0.8730; (R1) 0.8770; More…. USD/CHF’s rally from 0.8332 resumed after brief retreat, and intraday bias is back on the upside. Further rally should be seen to 61.8% retracement of 0.9243 Read more…
Daily Pivots: (S1) 0.6511; (P) 0.6526; (R1) 0.6535; More… Intraday bias in AUD/USD remains neutral as consolidation from 0.6468 is extending. Stronger recovery cannot be ruled out, but outlook will stay bearish as long as Read more…
Daily Pivots: (S1) 1.3445; (P) 1.3472; (R1) 1.3488; More… Intraday bias in USD/CAD remains neutral for the moment as sideway trading continues. On the upside, break of 1.3540 will resume the rise from 1.3176. That Read more…
Daily Pivots: (S1) 0.8517; (P) 0.8530; (R1) 0.8543; More… EUR/GBP recovered ahead of 0.8512 support, and intraday bias remains neutral. Further decline is expected with 0.8591 resistance intact. On the downside, below 0.8512 will resume Read more…
Daily Pivots: (S1) 1.6476; (P) 1.6504; (R1) 1.6551; More… EUR/AUD is still bounded in range trading and intraday bias stays neutral. On the upside, decisive break of 1.6671 will revive the case that whole correction Read more…
Daily Pivots: (S1) 0.9375; (P) 0.9399; (R1) 0.9448; More… Intraday bias in EUR/CHF stays on the upside for 0.9471 resistance. Firm break there will resume whole rebound from 0.9252. Next target is 100% projection of Read more…
Daily Pivots: (S1) 159.12; (P) 159.43; (R1) 159.94; More… Intraday bias in EUR/JPY is back on the upside with break of 160.25 minor resistance. Further rise should be seen to 161.84 resistance first. Firm break Read more…
Markets US and European bond yields both ‘rebounded’ 2-3 bps yesterday after Tuesday correction. YTD peak which came within reach after Monday’s strong US services ISM for now prove to be a too high hurdle. Read more…
China’s CPI continued to deflate in January to -0.8% y/y from -0.3% y/y in December 2023 while the pace of contraction has slowed slightly in PPI (factory gate prices) to -2.5% y/y from -2.7% y/y Read more…
Hawkish comments from the Federal Reserve members continued to make the headlines in the US, yesterday, with Susan Collins, Thomas Barkin and a new Fed Governor Adriana Kugler, all saying the same exact thing: that Read more…