BoE offered dovish guidance but projected that inflation may run hot again in Q1 2025. GBP has remained the top outperformer major currency against the US dollar. Technical analysis suggests a potential bullish breakout for Read more…
GBP/USD started a fresh increase above the 1.2625 zone. USD/CAD is declining and trading below the 1.3415 support. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound is eyeing more gains above the Read more…
Markets Yesterday’s eco calendar’s market moving potential didn’t fully materialize. Ranging from slightly higher-than-expected European (y/y) inflation over the BoE dropping its hawkish bias to the US’ sub-consensus unit labor costs & weekly jobless claims Read more…
The Bank of England (BoE) kept its rates unchanged yesterday but opened the door to rate cuts mentioning ‘good news on inflation’. Cable rebounded despite a dovish takeaway from the MPC meeting as the US Read more…
In focus today In the US, we will get the US January job report. We expect the employment growth to have slowed down to 180k from 216k in December, which is a robust pace in Read more…
Daily Pivots: (S1) 0.6527; (P) 0.6553; (R1) 0.6598; More… AUD/USD recovered quickly after breaching 0.6524 support and intraday bias stays neutral. On the downside, decisive break of 0.6524 argue that whole rebound from 0.6269 has Read more…
Daily Pivots: (S1) 1.3349; (P) 1.3406; (R1) 1.3445; More… Intraday bias in USD/CAD remains neutral for the moment. On the downside, firm break of 1.3342 support will argue that rebound from 1.3176 has completed at Read more…
Daily Pivots: (S1) 145.85; (P) 146.48; (R1) 147.07; More… Intraday bias in USD/JPY remains neutral for the moment. Further rally will remain mildly in favor as long as 145.97 resistance turned support holds. Above 148.79 Read more…
Daily Pivots: (S1) 0.8549; (P) 0.8599; (R1) 0.8628; More…. Outlook in USD/CHF remains unchanged and intraday bias stays neutral for the moment. On the downside, below 0.8550 will resume the fall from 0.8727 for 0.8487 Read more…
Daily Pivots: (S1) 1.2661; (P) 1.2708; (R1) 1.2792; More… Range trading continues in GBP/USD and intraday bias remains neutral. Consolidation from 1.2826 could still extend further, and deeper fall cannot be ruled out. But downside Read more…