In focus today We have a light schedule on for today. In the US we receive initial jobless claims. The central bank of the Czech Republic announces its policy decision. A Reuters poll expects a Read more…
Daily Pivots: (S1) 186.45; (P) 186.86; (R1) 187.53; More… Intraday bias in GBP/JPY is back on the upside as rebound from 185.21 resumes. Further rise is expected to retest 188.90 resistance first. Firm break there Read more…
Japanese Yen declines broadly in today’s Asian session, reacting to dovish remarks made by BoJ Deputy Governor. The official’s commentary emphasized a cautious approach to monetary tightening, highlighting that even with exit from negative interest Read more…
In a speech today, BoJ Deputy Governor Shinichi Uchida articulated a scenario where, despite an end to the negative interest rate policy, rapid interest rate hikes remain unlikely. “Even if the Bank were to terminate Read more…
Short Term Elliott Wave view in Silver (XAGUSD) suggests that the metal has traded sideways since the low in August 2022. The short term 1 hour chart below shows the move down from 12.4.2023 high Read more…
DXY: The DXY chart currently indicates a bearish overall momentum, suggesting a downward trend. There’s a potential for a bearish continuation towards the 1st support level. The 1st support at 103.73 is identified as a Read more…
China’s CPI took a notable dip in January, registering decrease of -0.8% yoy, marking a significant deepening of deflationary pressures from the previous month’s -0.3% and falling short of expectation -0.5% yoy. This downturn represents Read more…
The widespread investment in artificial intelligence has been a boon to Nvidia shareholders. The company’s share price has surged over the past year as optimism over increased spending on AI infrastructure has swelled, resulting in Read more…
BoC’s deliberations from the January meeting saw the governing council expressing that it was “difficult to foresee when it would be appropriate to begin cutting interest rates.” The possibility of additional rate hikes was not Read more…
Richmond Fed President Thomas Barkin has voiced a call for patience concerning interest rate cuts, in the face of prevailing economic uncertainties. “I am very supportive of being patient to get to where we need Read more…