EURUSD is moving smoothly downward and has touched 1.1840. Investors are preparing for the release of key US statistics that could affect expectations for the Fed’s future policy. The focus is on the minutes of Read more…
Markets US investors return from the long President’s weekend with future markets this morning suggesting that they’ll pick up where they left on Friday. Benign January CPI numbers extended a rally in US Treasuries with Read more…
UK labor market data pointed to further cooling at the start of the year. Payrolled employment fell by -11k in January and is down -134k over the past 12 months, a -0.4% yoy decline. Meanwhile, Read more…
With the US and many Asian markets closed, the first trading session of the week was rather calm in Europe. European yields moved lower, influenced by downside pressure on their US peers following a softer-than-expected Read more…
In focus today Today, the UK jobs report for December is released. The unemployment rate is expected to remain fairly stable with consensus at 5.2% and the previous rate at 5.1%. Following the recent more Read more…
Daily Pivots: (S1) 1.1840; (P) 1.1859; (R1) 1.1872; More…. Intraday bias in EUR/USD remains neutral as sideway trading continues. On the upside, above 1.1928 will target a retest on 1.2081 high. Decisive break there and Read more…
Daily Pivots: (S1) 152.89; (P) 153.27; (R1) 153.89; More… Intraday bias in USD/JPY remains neutral and outlook is unchanged. With 38.2% retracement of 139.87 to 159.44 at 151.96 intact, price actions from 159.44 are seen Read more…
Daily Pivots: (S1) 1.3616; (P) 1.3639; (R1) 1.3653; More… Sideway trading continues in GBP/USD and intraday bias remains neutral first. On the upside, firm break of 1.3732 will suggest that pullback from 1.3867 has completed Read more…
Daily Pivots: (S1) 0.7678; (P) 0.7692; (R1) 0.7709; More…. Intraday bias in USD/CHF stays neutral at this point, and consolidation from 0.7603 could extend. Stronger rebound cannot be ruled out but upside should be limited Read more…
Daily Pivots: (S1) 0.7055; (P) 0.7076; (R1) 0.7093; More… Intraday bias in AUD/USD stays neutral for the moment. Consolidation from 0.7146 would extend further and deeper retreat cannot be ruled out. But downside should be Read more…