German ZEW Economic Sentiment Index surged from 10.3 to 26.0 in February, surpassing expectations of 20.2 and reflecting growing optimism about Germany’s economic outlook. Current Situation Index also showed a slight improvement, rising from -90.4 Read more…
Today, the Reserve Bank of Australia (RBA) eased monetary policy, cutting the interest rate from 4.35% to 4.10%, according to Forex Factory. As reported by Reuters: → This marks the first easing since the 2020 Read more…
Markets Spotlights were on Europe yesterday. US financial markets were closed for President’s Day while French president Macron summoned a handful of European leaders as well as EC president von der Leyen and Nato chief Read more…
The latest UK labor market data presents a mixed picture, with payrolled employment rising by 21k (0.1% mom) in January, but the Claimant Count increasing by 22 to 1.75 million. Meanwhile, median monthly pay reached Read more…
In focus today Today, markets eagerly await US and Russian officials meeting in Saudi Arabia for peace talks initiated by US President Donald Trump last week. The negotiation does not include Ukraine and Ukrainian President Read more…
Daily Pivots: (S1) 190.69; (P) 191.23; (R1) 191.83; More… Intraday bias in GBP/JPY remains neutral at this point. Outlook is unchanged that corrective pattern from 180.00 is extending, possibly with rebound from 187.04 as another Read more…
Daily Pivots: (S1) 158.31; (P) 159.07; (R1) 159.61; More… Intraday bias in EUR/JPY stays neutral at this point. Outlook is unchanged that sideway pattern from 154.40 is still extending with another upleg. On the upside, Read more…
Daily Pivots: (S1) 0.8288; (P) 0.8313; (R1) 0.8330; More… Intraday bias in EUR/GBP stays neutral for the moment. Near term outlook is mixed. On the downside, break of 0.8290 will resume the fall from 08472 Read more…
Daily Pivots: (S1) 1.6445; (P) 1.6493; (R1) 1.6538; More… Intraday bias in EUR/AUD stays neutral at this point. The favored case remains that consolidation pattern from 1.6800 has completed at 1.6391 already. On the upside Read more…
Daily Pivots: (S1) 0.9421; (P) 0.9436; (R1) 0.9458; More…. Range trading continues in EUR/CHF and intraday bias remains neutral. On the downside, break of 0.9359 support will revive the case that choppy rise from 0.9204 Read more…