Daily Pivots: (S1) 149.68; (P) 150.46; (R1) 151.39; More… USD/JPY is staying in consolidation above 148.64 temporary low and intraday bias remains neutral. On the downside, break of 148.64 will strength the case that rise Read more…
Daily Pivots: (S1) 1.4056; (P) 1.4070; (R1) 1.4087; More… Range trading continues in USD/CAD and intraday bias remains neutral for the moment. Further rally is expected with 1.3930 support intact. On the upside, firm break Read more…
Markets Barnier turned out to be France’s shortest-serving prime minister since the establishment of the Fifth Republic in 1958. After only 90 days in his tenure – still double UK Truss’ term – parliament yesterday Read more…
There are rare moments when the market’s reaction to news leaves me baffled. And today – this week – is one of them. The French government just collapsed, and the composition of the government suggests Read more…
In focus today President Macron is faced with the difficult task of appointing a new prime minister following PM Barnier being outed at yesterdays no-confidence vote. We think it is likely that a new government Read more…
Daily Pivots: (S1) 0.6390; (P) 0.6439; (R1) 0.6479; More… Intraday bias in AUD/USD remains on the downside for the moment. Fall from 0.6941 is in progress for 0.6348 support. Break there will target 0.6269 low Read more…
US financial markets basked in risk-on sentiment overnight, with S&P 500 and NASDAQ scaling new record highs. Bitcoin seized the momentum, surging past the psychologically significant $100K mark. Dubbed the “Trump Trade,” optimism over President-elect Read more…
Bitcoin has surged past the highly anticipated 100k milestone, riding on a wave of optimism fueled by a couple of bullish factors. In particular, with anticipation of favorable regulatory environment in the US ahead, Bitcoin Read more…
BoJ board member Toyoaki Nakamura expressed a cautious stance on monetary policy adjustments, emphasizing the need for careful calibration aligned with Japan’s economic recovery. “We are at a state where it’s important to adjust the Read more…
San Francisco Fed President Mary Daly emphasized a measured approach to interest rate adjustments during a PBS News Hour interview. She noted there’s “no sense of urgency” to lower rates quickly but highlighted the need Read more…