Markets ‘Great progress’, ‘We’re close but not there on inflation’, ‘We don’t get excited about one or two good readings, and we don’t get excited about one or two bad readings.’ These are some semi-live comments from Fed Chair Powell at its second day hearing before Congress in the wake of blow-out US January inflation […]
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Daily Pivots: (S1) 1.0309; (P) 1.0345; (R1) 1.0398; More… Intraday bias in EUR/USD remains neutral as consolidation from 1.0176 is still extending. Outlook will remain bearish as long as 38.2% retracement of 1.1213 to 1.0176 Read more…
Daily Pivots: (S1) 0.9107; (P) 0.9132; (R1) 0.9160; More… Intraday bias in USD/CHF remains neutral as consolidation from 0.9200 is still extending. Outlook stays bullish with 0.8956/64 support zone intact. On the upside, firm break Read more…
Daily Pivots: (S1) 152.92; (P) 153.86; (R1) 155.35; More… USD/JPY retreated after hitting 154.79 and intraday bias is turned neutral first. Outlook is unchanged that corrective fall from 158.86 should have completed at 150.92 already. Read more…