Daily Pivots: (S1) 194.83; (P) 195.19; (R1) 195.74; More… GBP/JPY recovers notably today but stays in range below 198.94 and intraday bias remains neutral. Outlook is unchanged that corrective pattern from 180.00 is still extending. Read more…
Yen struggles today even as risk aversion set the tone across Asian markets. Nikkei extended its retreat after briefly breaching 40k psychological level last week, as the rally proved unsustainable for investors. Adding to Yen’s Read more…
Markets The dollar was talk of the town during the holiday period. We expect the greenback to remain in the center of attention in the run-up to president-elect Trump’s inauguration January 20. The US currency Read more…
BoJ Governor Kazuo Ueda reiterated the cautious stance on monetary policy adjustments at a Japanese Bankers Association event today. He emphasized that any interest rate hikes would depend on sustained improvements in economic and price Read more…
China’s services sector gained pace in December, with Caixin PMI Services rising to 52.2 from 51.5 in November, marking its highest level since May. However, the overall economic picture remains mixed as PMI Composite slipped Read more…
Japan’s service sector showed slight improvement in December, with final PMI Services index rising to 50.9 from 50.5 in November, indicating marginal growth. PMI Composite also increased to 50.5 from 50.1, reflecting modest stabilization in Read more…
EUR/USD declined from the 1.0450 resistance and traded below 1.0300. USD/JPY is rising and might gain pace above the 158.00 resistance. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro started a fresh decline Read more…
In focus today In the euro area, focus is on German inflation data for December, which will provide an important hint of where we can expect euro area data to be tomorrow. Spanish inflation showed Read more…
Key Highlights EUR/USD started a fresh decline below the 1.0350 level. A key bearish trend line is forming with resistance at 1.0400 on the 4-hour chart. GBP/USD is consolidating losses near the 1.2420 level. Bitcoin Read more…
The presidents of the 12 Federal Reserve banks see the economy differently than the seven Federal Reserve governors and the big staff who work from Washington, D.C. It’s only natural. Their jobs are different. Fed Read more…