Daily Pivots: (S1) 206.98; (P) 208.24; (R1) 209.24; More… GBP/JPY struggled to break through 38.2% retracement of 197.47 to 214.98 at 208.29 decisively and intraday bias stays neutral. On the downside, sustained break of 208.29 Read more…
Daily Pivots: (S1) 180.96; (P) 181.57; (R1) 182.32; More… Intraday bias in EUR/JPY remains neutral and outlook is unchanged. Focus remains on 38.2% retracement of 172.24 to 186.86 at 181.27. On the downside, sustained break Read more…
Daily Pivots: (S1) 0.8698; (P) 0.8724; (R1) 0.8762; More… EUR/GBP breached 0.8744 resistance briefly, but failed to hold above there. Intraday bias stays neutral at this point. On the upside, decisive break of 0.8744 resistance Read more…
Daily Pivots: (S1) 1.6692; (P) 1.6748; (R1) 1.6782; More… EUR/AUD is still bounded in consolidations above 1.6620 and intraday bias remains neutral. With 1.7060 resistance intact, outlook stays bearish and further decline is expected. On Read more…
Daily Pivots: (S1) 0.9110; (P) 0.9125; (R1) 0.9145; More…. EUR/CHF is still bounded in consolidations above 0.9092 and intraday bias stays neutral. With 0.9180 resistance intact, further decline is expected. On the downside, firm break Read more…
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Media release Annual consumers price inflation was slightly above the Monetary Policy Committee’s 1 to 3 percent target band at the end of 2025. Increases in food and electricity prices and local council rates were Read more…
As widely expected, the RBNZ held the OCR at 2.25%. The decision was unanimous, so no vote was required. The RBNZ’s revised OCR forecast signals the likelihood of policy tightening beginning late this year, rather Read more…
FX market overview Recent developments: solid macro backdrop and monetary policy divergence Since our last FX Forecast Update on 19 January, the US economy has remained on a solid footing. January’s jobs report showed 130k Read more…
The UK Consumer Price Index (CPI) report released today showed a slowdown in inflation. According to Forex Factory, the annual figure came in at 3.0%, compared with 3.4% the previous month. Media reports note that: Read more…