Daily Pivots: (S1) 0.8768; (P) 0.8806; (R1) 0.8855; More… Range trading continues in USD/CHF and intraday bias remains neutral. While stronger recovery cannot be ruled out, upside should be limited by 0.8911 support turned resistance. Read more…
Daily Pivots: (S1) 0.6261; (P) 0.6313; (R1) 0.6354; More… No change in AUD//USD outlook and intraday bias stays neutral. On the downside, break of 0.6268 will bring deeper fall to 0.6186 support. Firm break there Read more…
Markets European markets unlike their US counterpart had a pessimistic view on the Fed’s policy decision. While the latter took comfort from chair Powell’s reassuring message during the presser, the former seem to eye the Read more…
A big week of central bank decisions is coming to an end with the central bankers bathing in uncertainty of the tariffs and the economic implications of the rapidly escalating trade war. The Federal Reserve Read more…
In focus today Germany’s fiscal package is anticipated to pass in the Bundesrat, potentially delivering the largest fiscal boost to the German economy in over three decades. The package has the backing of a two-thirds Read more…
Daily Pivots: (S1) 1.4290; (P) 1.4346; (R1) 1.4379; More… Intraday bias in USD/CAD remains neutral as range trading continues. On the downside, break of 1.4238 support will argue that corrective pattern from 1.4791 has started Read more…
Dollar continues to grapple with reversing its recent bearish trend, but momentum behind the rebound remains tentative at best. The greenback has received modest support from Fed’s stance, with policymakers emphasizing there’s no urgency to Read more…
Japan’s core consumer inflation eased for the first time in four months in February, but less than market expectations. While the data strengthens the case for another BoJ rate hike at the April 30–May 1 Read more…
Key insights from the week that was. In Australia, the February Labour Force Survey provided a major surprise relative to market expectations. The main result was a significant contraction in the size of the labour Read more…
New Zealand posted a surprise trade surplus of NZD 510m in February, defying expectations of a NZD -235m deficit. Goods exports jumped 16% yoy to NZD 6.7B, led by strong demand from key trading partners Read more…