Daily Pivots: (S1) 153.59; (P) 154.48; (R1) 155.16; More… USD/JPY recovered ahead of 153.70 temporary low and intraday bias stays neutral. On the downside, firm break of 153.70 will resume the fall from 158.86 to Read more…
Daily Pivots: (S1) 0.9069; (P) 0.9087; (R1) 0.9114; More… USD/CHF’s recovery from 0.8964 extends today, and break of 0.9107 suggests that pull back from 0.9200 has completed. Intraday bias is back on the upside for Read more…
Daily Pivots: (S1) 0.6191; (P) 0.6218; (R1) 0.6236; More… Intraday bias in AUD/USD remains mildly on the downside for retesting 0.6130 low. Firm break there will resume whole fall from 0.6941. On the upside, break Read more…
USD/JPY flatlines near 154.25 support. Technical signals remain downbeat. US core PCE inflation index due at 13:30 GMT. USDJPY has held above the 154.25 floor for the fourth consecutive trading day despite Thursday’s downside pressures. Read more…
Gold soared towards 2,800 USD per ounce on Friday, setting a new all-time high. The surge comes as investors seek refuge in safe-haven assets amid renewed trade war threats from US President Donald Trump. His Read more…
Daily Pivots: (S1) 1.4390; (P) 1.4493; (R1) 1.4593; More… USD/CAD’s break of 1.4516 resistance indicates resumption of larger rally. Intraday bias is back on the upside for 1.4667/89 key resistance zone. Strong resistance might be Read more…
Canadian Dollar spiked lower after US President Donald Trump confirmed his plan to impose 25% tariffs on imports from Canada and Mexico, set to take effect this Saturday on February 1. Trump justified the decision Read more…
Japan’s inflationary pressures picked up in January, with Tokyo’s core CPI (excluding fresh food) rising to 2.5% yoy from 2.4%, marking its fastest pace in nearly a year. Core-core measure (excluding food and energy) also Read more…
BoJ Governor Kazuo Ueda reiterated the central bank’s is aiming for “gradual pickup” in prices, supported by a “solid increase in wages.” He emphasized that maintaining easy monetary conditions remains necessary to “support economic activity” Read more…
Markets The ECB lowered the policy rate to 2.75% (-25 bps) yesterday. While president Lagarde as usual refrained from giving guidance going forward, some subtle statement tweaks and not-so-subtle comments suggest Frankfurt is moving towards Read more…