Markets The Fed’s policy rate was left unchanged at the March meeting yesterday (4.25-4.5%). The decision was a unanimous one. It was accompanied with a slower pace in QT with the cap on the UST Read more…
The Fed US markets breathed a sigh a relief following the Federal Reserve (Fed) decision. The Fed kept its policy rate unchanged as expected, cut the growth forecast and lifted its inflation outlook quite notably Read more…
In focus today Today we receive rate decisions from the Bank of England (BoE), the Swiss National Bank (SNB) and the Riksbank. We expect the BoE will keep the Bank Rate unchanged at 4.50% in Read more…
Daily Pivots: (S1) 192.83; (P) 193.77; (R1) 194.29; More… Intraday bias in GBP/JPY is turned neutral again with current retreat. On the upside, break of 194.89 will resume the rebound from 187.04 to 198.94/199.79 resistance Read more…
Daily Pivots: (S1) 161.50; (P) 162.70; (R1) 163.32; More… EUR/JPY reversed after hitting 164.16 and intraday bias is turned neutral first. For now, further rally is expected as long as 160.02 support holds. Above 164.16 Read more…
Daily Pivots: (S1) 0.8370; (P) 0.8395; (R1) 0.8410; More… Range trading continues in EUR/GBP and intraday bias remains neutral. Further rally is expected as long as 0.8358 minor support holds. On the upside, break of Read more…
Daily Pivots: (S1) 1.7117; (P) 1.7179; (R1) 1.7212; More… Intraday bas in EUR/AUD remains neutral as consolidation continues below 1.7417. Downside of retreat should be contained by 0.6990 support to bring rebound. On the upside, Read more…
Daily Pivots: (S1) 0.9533; (P) 0.9577; (R1) 0.9611; More…. EUR/CHF is extending consolidations below 0.9660 and intraday bias remains neutral. Further rally is expected as long as 0.9489 support holds. Sustained trading above 100% projection Read more…
Daily Pivots: (S1) 1.4299; (P) 1.4324; (R1) 1.4352; More… Range trading continues in USD/CAD and intraday bias stays neutral. On the downside, break of 1.4238 support will argue that corrective pattern from 1.4791 has started Read more…
Daily Pivots: (S1) 0.6330; (P) 0.6348; (R1) 0.6376; More… Intraday bias in AUD/USD stays neutral at this point. On the upside, sustained break of 0.6407 will resume the rebound from 0.6087 to 100% projection of Read more…