Federal Reserve (Fed) Chair Jerome Powell reiterated yesterday that the Fed is not in a rush to cut rates but that it will cut sometime this year and that the recent jump in inflation didn’t Read more…
In focus today In the euro area, we receive February PPI data. In Poland, the Polish central bank wraps up its two-day monetary policy meeting. We expect an unchanged policy rate at 5.75%, in line Read more…
Daily Pivots: (S1) 1.0788; (P) 1.0812; (R1) 1.0861; More… Break of 1.0834 support turned resistance argues that fall from 1.0980 has completed with three waves down to 1.0723. Rise from there is currently seen as Read more…
Daily Pivots: (S1) 1.2592; (P) 1.2624; (R1) 1.2685; More… Intraday bias in GBP/USD stays neutral first, and risk remains on the downside with 1.2667 resistance intact. Below 1.2538 will target 1.2517 structural support. Decisive break Read more…
Daily Pivots: (S1) 0.9005; (P) 0.9050; (R1) 0.9074; More…. Intraday bias in USD/CHF is turned neutral with current retreat. On the downside, break of 55 4H EMA (now at 0.9016) will bring deeper pullback. But Read more…
Daily Pivots: (S1) 151.44; (P) 151.70; (R1) 151.96; More… Intraday bias in USD/JPY remains neutral for the moment as range trading continues. On the downside, break of 151.02 support should confirm short term topping, and Read more…
Daily Pivots: (S1) 1.3496; (P) 1.3543; (R1) 1.3573; More… Range trading continues in USD/CAD and intraday bias stays neutral at this point. On the upside, decisive break of 1.3612 resistance will resume whole rise from Read more…
Daily Pivots: (S1) 0.6523; (P) 0.6546; (R1) 0.6590; More…. AUD/USD’s strong break of 55 D EMA suggests that fail from 0.6666 has completed with three waves down to 0.6480. Rise from there is now seen Read more…
Dollar was sold off overnight after weaker than expected ISM Services data, and the weakness persisted following comments from Fed Chair Jerome Powell. Powell downplayed the significance of recent robust labor and inflation figures, suggesting Read more…
Copper soars to the highest levels in over a year this year, driven by renewed optimism regarding global economic growth and expectations of monetary easing from the world’s major central banks. This surge reflects growing Read more…