The head of the Bank of Canada, Tiff Macklem, stated yesterday that monetary policy needs more time to ease price pressures. He noted that the main problem in suppressing inflation is housing costs. “Housing affordability Read more…
ECB Executive Board member Isabel Schnabel highlighted in an FT interview the challenges facing Eurozone as it approaches what she terms the “last mile” in the fight against inflation. Despite rapid disinflation experienced due to Read more…
USDJPY is in the red again today, reacts to last week’s jump It continues to hover a tad above its 100-day SMA Most momentum indicators tentatively support the ongoing upleg USDJPY is recording its second consecutive red Read more…
Markets Amid a very thin eco calendar, core bonds yesterday found some relief after the self-off that started with Powell’s push back against early rate cuts last Wednesday, reinforced by an exceptionally strong payrolls report Read more…
The selloff in US sovereign bonds reversed yesterday after a solid demand for the US 3-year bond auction counterweighed a bulk of hawkish comments from Federal Reserve (Fed) members. The Fed members are on the Read more…
Daily Pivots: (S1) 186.12; (P) 186.45; (R1) 186.71; More… Intraday bias in GBP/JPY remains neutral and outlook is unchanged. On the upside, firm break of 187.60 will turn bias to the upside for 188.90. Break Read more…
Daily Pivots: (S1) 158.76; (P) 159.32; (R1) 159.66; More… No change in EUR/JPY’s outlook and intraday bias remains neutral. On the upside, decisive break of 160.25 resistance will indicate that rise from 153.15 is ready Read more…
Daily Pivots: (S1) 0.8522; (P) 0.8548; (R1) 0.8563; More… Intraday bias in EUR/GBP stays neutral as sideway trading continues. Further decline is expected with 0.8591 resistance intact. On the downside, below 0.8512 will resume the Read more…
Daily Pivots: (S1) 1.6452; (P) 1.6516; (R1) 1.6552; More… Intraday bias in EUR/AUD stays neutral as sideway trading continues. On the upside, decisive break of 1.6671 will revive the case that whole correction from 1.7062 Read more…
Daily Pivots: (S1) 0.9340; (P) 0.9361; (R1) 0.9375; More… Intraday bias in EUR/CHF is mildly on the upside with breach of 0.9363 minor resistance. Pull back from 0.9471 could have completed at 0.9304 already. Rise Read more…