BoE Deputy Governor Dave Ramsden indicated a shift in his inflation outlook, stating that he no longer views risks to achieving the 2% target as skewed to the downside. Instead, he now sees inflation risks Read more…
Markets The stars aligned for a significant risk-off correction yesterday. First and foremost, the market narrative changed since the end of last week with investors attaching a higher probability to a mid-term US recession. Especially Read more…
Despite beating both revenue and earnings expectations and the forecasts for the current quarter, Nvidia got beaten by the market. The share price tanked 8.50% in yesterday’s post-earnings session, took out the 200-DMA and closed Read more…
In focus today In the US, the Fed’s preferred measure for inflation, the PCE, is due for release for January. While the earlier CPI showed a notable uptick in inflation pressures at the beginning of Read more…
Daily Pivots: (S1) 0.9332; (P) 0.9374; (R1) 0.9397; More…. EUR/CHF’s break of 0.9359 support revives the case that corrective rebound from 0.9204 has completed after rejection by 0.9481 fibonacci resistance. Intraday bias is back on Read more…
Daily Pivots: (S1) 1.6621; (P) 1.6654; (R1) 1.6709; More… Intraday bias in EUR/AUD stays on the upside for retesting 1.6800 resistance. Break there will resume the rise from 1.5963 to 61.8% projection of 1.5963 to Read more…
Daily Pivots: (S1) 0.8238; (P) 0.8256; (R1) 0.8271; More… Intraday bias in EUR/GBP remains on the downside as fall from 0.8472 is in progress for retesting 0.8201/21 key support level. Firm break there will carry Read more…
Daily Pivots: (S1) 155.21; (P) 156.22; (R1) 156.77; More… Intraday bias in EUR/JPY is back on the downside with break of 155.72 support, and deeper fall should be seen to 154.40 key support. Firm break Read more…
Daily Pivots: (S1) 188.20; (P) 189.15; (R1) 189.73; More… Intraday bias in GBP/JPY remains neutral for now, and risk stays mildly on the downside with 193.04 resistance intact. On the downside, firm break of 187.04 Read more…
Daily Pivots: (S1) 1.0365; (P) 1.0430; (R1) 1.0462; More… EUR/USD’s break of 1.0400 support suggests that consolidation from 1.0176 has already completed at 1.0527, ahead of 38.2% retracement of 1.1213 to 1.0176 at 1.0572. Intraday Read more…