Yen’s recovery gained some momentum today on as speculation over an imminent BoJ rate hike. Governor Kazuo Ueda reinforced Deputy Governor Ryozo Himino’s earlier comments, suggesting that next week’s policy meeting could bring a shift Read more…
Daily Pivots: (S1) 157.33; (P) 157.76; (R1) 158.41; More… Intraday bias in USD/JPY remains neutral for the moment as sideway trading continues. Further rally is in favor as long as 156.0 support holds. On the Read more…
UK CPI slowed from 2.6% yoy to 2.5% yoy in December, below expectation of 2.7% yoy. Core CPI slowed from 3.5% yoy to 3.2% yoy, below expectation of 3.4% yoy. CPI goods annual rate rose Read more…
BoJ Governor Kazuo Ueda today provided further hints that the central bank may be considering a rate hike at its upcoming policy meeting. Ueda noted, “We are currently analyzing data thoroughly and will compile the Read more…
ECB Chief Economist Philip Lane noted during an event today that services inflation will “come down quite a bit” in the coming months. He attributed much of the anticipated moderation to a slowdown in wage Read more…
Sentiment was slightly better and the dollar was slightly lower on Tuesday on the back of a softer-than-expected PPI report from the US and on news that Donald Trump’s America First team would only ‘gradually’ Read more…
Markets US president-elect Trump so far didn’t push back against rumours that any possible tariffs would be gradually installed. European stock markets lost some intraday momentum but still managed a 0.5% positive close. The bear Read more…
In focus today From the US, we get the most important data release of the day: December CPI. We forecast headline CPI at +0.3% m/m SA (2.8% y/y) and Core CPI at +0.2% m/m SA Read more…
Key Highlights WTI Crude Oil prices started a fresh increase above the $73.50 resistance zone. A connecting bullish trend line is forming with support at $75.35 on the 4-hour chart. Gold prices started a consolidation Read more…
Short Term Elliott Wave view in AUDUSD suggests that cycle from 9.30.2024 high is in progress as an impulse. Down from 9.30.2024 high, wave 1 ended at 0.6434 and wave 2 rally ended at 0.6528. Read more…