Markets Fed Chair Powell’s appearance before the Senate Banking Committee yesterday didn’t yield much clues on (changes in) monetary policy in the Trump 2.0 era. The Fed Chair understandably stuck to data dependency. After having Read more…
Federal Reserve (Fed) Chair Jerome Powell’s testimony yesterday went smoothly. He said that the Fed’s ‘policy stance is now significantly less restrictive than it had been’, the economy remains strong and that they ‘do not Read more…
In focus today From the US, the most important data release of the day will be the January CPI. We forecast headline inflation at +0.3% m/m (SA) and 2.9% y/y and core inflation at +0.2% Read more…
Daily Pivots: (S1) 188.07; (P) 188.99; (R1) 190.74; More… GBP/JPY’s rebound extended higher today and intraday bias is turned neutral first. On the downside, break of 187.04 will resume the fall from 198.94 to 100% Read more…
Daily Pivots: (S1) 156.79; (P) 157.49; (R1) 158.72; More… Intraday bias in EUR/JPY is turned neutral first with current strong recovery. On the downside, break of 155.72 will resume the fall from 164.89. Next target Read more…
Daily Pivots: (S1) 0.8314; (P) 0.8334; (R1) 0.8344; More… Intraday bias in EUR/GBP remains neutral and near term outlook is mixed. On the upside, above 0.8376 minor resistance will bring stronger rally towards 0.8472. However, Read more…
Daily Pivots: (S1) 1.6412; (P) 1.6442; (R1) 1.6492; More… EUR/AUD recovered after dipping to 1.6391 and intraday bias is turned neutral first. Risk will stay on the downside for the moment. Below 1.6391 will extend Read more…
Daily Pivots: (S1) 0.9408; (P) 0.9439; (R1) 0.9495; More…. EUR/CHF rebounded further today but stays below 0.9516 resistance. Intraday bias remains neutral first. On the downside, break of 0.9359 should affirm the case that corrective Read more…
Daily Pivots: (S1) 1.4260; (P) 1.4303; (R1) 1.4327; More… Intraday bias in USD/CAD remains neutral for the moment. Strong support is expected from 1.4260 cluster support (38.2% retracement of 1.3418 to 1.4791 at 1.4267), which Read more…
Daily Pivots: (S1) 0.6269; (P) 0.6286; (R1) 0.6311; More… Intraday bias in AUD/USD remains neutral for the moment. With 0.6329 resistance intact, outlook will stay bearish. On the downside, break of 0.6239 minor support will Read more…