Daily Pivots: (S1) 152.99; (P) 153.66; (R1) 154.17; More… Intraday bias in USD/JPY stays neutral and more consolidations could be seen. Further rally is expected as long as 151.79 minor support holds. Above 154.47 temporary Read more…
Daily Pivots: (S1) 1.4217; (P) 1.4244; (R1) 1.4272; More… Intraday bias in USD/CAD stays on the upside for the moment. Current up trend is in progress for 1.4391 projection level. On the downside, break of Read more…
Daily Pivots: (S1) 0.6319; (P) 0.6349; (R1) 0.6365; More… AUD/USD’s decline resumed by breaking through 0.6336 temporary low and intraday bias is back on the downside. Current fall from 0.6941 should target 0.6269 support next. Read more…
Dollar has strengthened against commodity currencies this week but remains range-bound against Euro and Pound, as markets await Fed’s rate decision to gauge the next move. While a 25bps rate cut is fully expected in Read more…
Markets Retail sales for November were solid on face value though the details offered a more balanced picture. That was enough to cap the intraday rise in US yields. Net daily changes varied in a Read more…
FOMC rate decision takes center stage today, with a 25bps rate cut widely anticipated, lowering the federal funds rate to 4.25–4.50%. Markets see virtually no chance of a different outcome, making the focus squarely on Read more…
Canada joined the global political gloom. The sudden resignation of the finance minister on Monday started raising questions about Trudeau’s leadership as politicians there try to find ways to deal with economic slowdown topped by Read more…
In focus today Focus today will be on tonight’s FOMC meeting. We expect a 25bp cut, which is also fully discounted by markets. Apart from the rate decision, market attention will be on the updated Read more…
UK CPI accelerated from 2.3% yoy to 2.6% yoy in November, matched expectations.Core CPI, (excluding energy, food, alcohol and tobacco), accelerated from 3.3% yoy to 3.5% yoy, below expectation of 3.6% yoy. CPI goods annual Read more…
Japan’s exports rose 3.8% yoy in November to JPY 9.152T, supported by increased shipments of chip-making equipment to Taiwan and nonferrous metals to China, marking the second consecutive month of export growth. Imports, however, fell Read more…