Daily Pivots: (S1) 1.0820; (P) 1.0838; (R1) 1.0865; More… Intraday bias in EUR/USD remains neutral for the moment and outlook is unchanged. Further decline is expected as long as 1.0931 minor resistance holds. Below 1.0795 Read more…
In a week crowded with high-profile events like FOMC rate decision overnight and the upcoming BoE meeting today, Japanese Yen is surprisingly stealing the show as the star performer in the currency markets. This rally Read more…
Expectations are firmly set for BoE to keep interest rate unchanged at 5.25% today, marking the fourth consecutive session without a change. Several crucial factors could inject volatility into the financial markets, including the vote Read more…
DXY: The DXY chart currently exhibits a neutral overall momentum, indicating a lack of a clear trend direction. The price could potentially fluctuate between the 1st resistance and 1st support levels. The 1st support level Read more…
China’s Caixin PMI Manufacturing was unchanged at 50.8 in January, matched expectations. The sector showed modest production growth, although the overall sales expansion softened. Notably, this period marked the first rise in new export business Read more…
Japan’s PMI Manufacturing was finalized at 48.0 in January, a minimal increase from December’s 47.9, yet still indicative of ongoing challenges in the sector. According to S&P Global, this figure represents a “modest deterioration” in Read more…
US 10-year yield declined significant overnight, closing below 4% psychological at 3.967, as investors flocked to the safety of bonds amidst growing concerns over the banking sector. This shift in sentiment was triggered by New Read more…
US stocks plunged sharply overnight, following Fed’s decision to maintain the interest rate at 5.25-5.50%. While Fed finally dropped tightening bias, indicating the peak of the tightening cycle, it firmly dismissed the possibility of an Read more…
As Germany faces consecutive economic contractions and the broader Eurozone grapples with diverse economic conditions, the upcoming flash CPI inflation figures take center stage. These figures will shape market expectations regarding potential rate cuts, with Read more…
CADJPY reversed from long-term resistance level 110.30 Likely to fall to support level 108.00 CADJPY currency pair recently reversed down from the major long-term resistance level 110.30, which reversed the price twice in 2022. The Read more…