AUD/JPY’s up trend finally resumes today by breaking 94.29 near term resistance. Immediate focus is now on 61.8% projection of 59.85 (2020 low) to 85.78 from 78.77 at 94.79. Sustained break there could prompt upside acceleration, for next medium term target at 100% projection at 104.70, which is close to 105.42 (2013 high). However, break […]
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Eurozone inflation edged higher in February, with headline CPI finalized at 1.9% yoy, up from January’s 1.7% yoy. Core inflation, which strips out energy, food, alcohol and tobacco, also firmed to 2.4% yoy from 2.2% Read more…
EUR/USD is consolidating near 1.1532 on Wednesday, with markets adopting a wait-and-see stance ahead of the Federal Reserve’s decision. The Fed is widely expected to keep rates unchanged. Investor attention will focus on Jerome Powell’s Read more…